Back to Nitix

Financial Disclaimer

Last Updated: June 23, 2026

TEMPLATE — REQUIRES REVIEW BY A QUALIFIED U.S. ATTORNEY BEFORE PUBLICATION This document is a template that contains [PLACEHOLDER] tags that must be replaced with accurate company-specific information before use. It is drafted in a U.S.-first posture (the primary market) and is not legal advice. The authors are not lawyers. A qualified U.S. securities/technology attorney (and a data-protection adviser for EU/Swiss users) must review and finalize this document — including the governing-law and entity choices — before it is published or relied upon.

Effective Date: [PLACEHOLDER: MM/DD/YYYY] Last Updated: June 23, 2026

Company: [PLACEHOLDER: Legal Entity Name] ("we", "us", "our") Platform: Nitix — Options Strategy Generation and Backtesting Platform Contact: [PLACEHOLDER: legal@nitix.app]

1. Not Financial Advice

The information, tools, strategies, backtesting results, analysis, and any other content provided through Nitix ("Platform") is for informational and educational purposes only and does not constitute:

  • Financial advice
  • Investment advice
  • Securities recommendations
  • Trading advice
  • Tax advice
  • Legal advice
  • Brokerage or advisory services
  • Research or "research reports" as that term is used by the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or any other regulatory authority

Nothing on this Platform should be interpreted as a recommendation to buy, sell, hold, or otherwise transact in any security, derivative, or financial instrument, including but not limited to options contracts listed on U.S. options exchanges and cleared through the Options Clearing Corporation (OCC).

You should consult with a qualified, licensed financial professional — such as a registered investment adviser (RIA) or a registered broker-dealer — before making any investment decisions.

2. No Fiduciary or Advisory Relationship

Your use of the Platform does not create:

  • A fiduciary relationship
  • An investment advisory relationship
  • A broker-client relationship
  • A portfolio management relationship
  • Any other professional-client relationship

[PLACEHOLDER: Legal Entity Name] is not registered as an investment adviser, broker-dealer, or commodity trading advisor with the U.S. Securities and Exchange Commission (SEC), FINRA, the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), any U.S. state securities regulator, or any other regulatory authority. [PLACEHOLDER: Update if registered — include the registration type, regulator, and registration number (e.g., SEC/CRD number).]

3. Backtesting Limitations

The Platform provides backtesting functionality that allows you to test options strategies against historical data. You must understand the following critical limitations:

3.1 Past Performance ≠ Future Results

Backtesting evaluates strategies against historical market data. Past performance, whether actual or simulated, is not indicative of future results. Markets behave differently in the future due to changing conditions, and a strategy that performed well historically may produce significant losses going forward.

3.2 Inherent Limitations of Backtesting

Backtesting results are subject to numerous limitations, including but not limited to:

  • Survivorship bias — Historical data may only include instruments that survived to the present, ignoring those that were delisted or became worthless
  • Look-ahead bias — Strategies may inadvertently use information not available at the time of the simulated trade
  • Execution assumptions — Backtests assume execution at specified prices; real-world execution involves slippage, bid-ask spreads, and partial fills
  • Liquidity assumptions — Backtests may assume unlimited liquidity; real markets may have insufficient liquidity for large orders
  • Transaction costs — the engine computes GROSS results; an optional cost layer is yours to set. The backtesting engine does not model any costs inside the simulation (no brokerage, exchange/regulatory fees, taxes, slippage, or bid-ask spread). The Platform provides an optional results-page tool to apply a user-defined brokerage-per-order and slippage estimate to recompute net P&L. If you do not configure this tool, results are gross, pre-cost figures that overstate live results. Even when configured, costs are applied as a post-processing estimate on fills (they adjust P&L but do not change which stop-loss/target levels trigger), so net figures remain an approximation. Real-world trading also incurs costs and frictions that may exceed your estimates and reduce returns.
  • Margin requirements — Backtested results may not accurately reflect margin requirements, margin calls, or forced liquidation scenarios
  • Market impact — Large orders in real markets move prices; backtests typically do not model market impact
  • Data quality — Historical data may contain errors, gaps, or adjustments (corporate actions, stock splits)
  • Timing assumptions — Entry and exit timing in backtests may not be achievable in real trading

3.3 Simulated / Hypothetical Results Disclaimer

All backtesting results displayed on the Platform are hypothetical, simulated (back-tested) results. They are generated by computer models using historical data and are not the result of actual trading. As a matter of best practice, we present this information in a manner consistent with the principles underlying the SEC's Marketing Rule (Rule 206(4)-1 under the Investment Advisers Act of 1940) governing the presentation of hypothetical and back-tested performance — even though [PLACEHOLDER: Legal Entity Name] is not a registered investment adviser and this Platform does not constitute investment advice (see Section 2). Hypothetical results have inherent limitations:

  • They are prepared with the benefit of hindsight
  • They do not involve financial risk and do not reflect the impact that real-time market and economic factors, or the emotional and operational realities of live trading, may have had on decision-making
  • No actual trading account can guarantee that results will match simulated results
  • There are frequently sharp differences between hypothetical results and actual results subsequently achieved
  • Past performance — whether actual or hypothetical — does not guarantee, and is not a reliable indicator of, future results

4. Risk Disclosure: Options Trading

Options trading on U.S. exchanges involves a high degree of risk and is not suitable for all investors. Before trading options, you should read the standardized options disclosure document "Characteristics and Risks of Standardized Options" (the "Options Disclosure Document," or ODD) published by the Options Clearing Corporation (OCC), available from your broker or at https://www.theocc.com/company-information/documents-and-archives/options-disclosure-document. You should carefully consider whether options trading is appropriate for you in light of your investment experience, financial resources, and risk tolerance.

4.1 Specific Risks of Options

  • Total loss of premium — Option buyers can lose the entire premium paid
  • Unlimited loss potential — Selling naked (uncovered) options can result in losses that substantially exceed the premium received
  • Leverage risk — Options are leveraged instruments; small price movements in the underlying can cause disproportionate gains or losses
  • Time decay — Options are wasting assets; their value erodes as expiration approaches
  • Illiquidity — Certain options contracts may have low trading volume, making them difficult to buy or sell at desired prices
  • Early assignment risk — Option sellers may be assigned at any time before expiration
  • Exercise risk — Automatic exercise at expiration may result in unwanted positions
  • Gap risk — Overnight or weekend price gaps can cause losses exceeding account balances
  • Volatility risk — Changes in implied volatility can significantly affect option prices independent of underlying price movement
  • Regulatory risk — Changes in SEC or FINRA rules, exchange rules, OCC procedures, or broker margin requirements may affect strategy viability

4.2 Margin and Leverage

Trading options on margin amplifies both potential gains and potential losses. You may lose more than your initial investment. Pattern day trader (PDT) rules and minimum-equity requirements may apply to U.S. margin accounts (see the Risk Disclosure Statement). [PLACEHOLDER: Include specific margin-related disclosures if the Platform provides margin-related tools.]

4.3 U.S. Market Specific Risks

  • The SEC, FINRA, the exchanges, or the OCC may impose restrictions on certain options strategies, position limits, exercise limits, or trading rules
  • Exchange-specific circuit breakers, limit-up/limit-down halts, and trading halts may prevent order execution
  • Index options (e.g., SPX) are typically cash-settled and may be European-style, while equity and ETF options are typically physically settled and American-style — settlement and assignment mechanics differ and may create additional obligations
  • You are responsible for your own taxes. Tax treatment of options gains and losses is complex and subject to change — consult a qualified tax professional
  • Currency risk may apply if you are trading or funding an account in a currency other than U.S. dollars

5. No Guarantee of Results

[PLACEHOLDER: Legal Entity Name] makes no representations, warranties, or guarantees regarding:

  • The profitability of any strategy generated, analyzed, or backtested on the Platform
  • The accuracy, completeness, or timeliness of market data, calculations, or analysis
  • The suitability of any strategy for your particular financial situation or goals
  • The future performance of any security, index, or options strategy
  • The availability, uptime, or error-free operation of the Platform
  • The achievement of any specific investment outcome

There is no guarantee that you will profit from any strategy on the Platform. You may lose some or all of your invested capital.

6. Educational Purpose

The Platform is designed as an educational and analytical tool to help users:

  • Understand options strategies and their risk-reward profiles
  • Learn about options pricing, Greeks, and risk metrics
  • Explore hypothetical scenarios through backtesting
  • Develop a framework for thinking about options trading

The Platform is not designed to replace:

  • Professional financial advice
  • Your own independent research and due diligence
  • Risk management practices appropriate to your financial situation
  • Regulatory compliance obligations (e.g., SEC/FINRA rules and your broker's requirements)

7. Market Data Accuracy; No Reliance

We are not a market-data vendor, exchange, or redistributor. The Platform consumes market data internally to perform calculations and (where available) evaluate your strategies; it does not deliver raw market data to you. Market data is sourced from third-party providers (e.g., [PLACEHOLDER: Databento, Global Datafeeds (GDFL), Interactive Brokers, Polygon]) under their respective agreements, and we do not control its availability, latency, or accuracy. While we strive for accurate calculations:

  • Data may be delayed, stale, incomplete, or erroneous — including during periods of high volatility, provider outages, or exchange disruptions
  • Real-time data may differ from historical/backtesting data, and data from one source or period may not be comparable to another (different depth, timing, or corporate-action and split adjustments)
  • Calculations (Greeks, payoff diagrams, risk metrics) are based on models that make assumptions; different models may produce different results
  • No redistribution. You receive no right to redistribute, retransmit, or resell any market data underlying the Platform's outputs; where you connect your own data source or broker, you are solely responsible for holding and complying with the required data licenses

You must independently verify all data and calculations before making any trading decision, and you must not rely on the Platform as your sole source of market or pricing information.

8. Regulatory Notice

[PLACEHOLDER: A qualified U.S. attorney should confirm the wording of this notice. Sample language:]

The Platform and its services are not:

  • Registered with or approved by the SEC, FINRA, the CFTC, the NFA, or any U.S. state securities regulator as an investment adviser, broker-dealer, or commodity trading advisor
  • Subject to the Investment Advisers Act of 1940, the Securities Exchange Act of 1934, or comparable broker-dealer / investment-adviser regulation as a registered firm
  • A member of, or covered by the investor-protection arrangements of, the Securities Investor Protection Corporation (SIPC) — Nitix does not hold customer funds or securities

To verify whether a firm or individual is a registered investment adviser, use the SEC's Investment Adviser Public Disclosure (IAPD) search: https://adviserinfo.sec.gov/

To check the background of a brokerage firm or broker, use FINRA BrokerCheck: https://brokercheck.finra.org/

9. Your Responsibility

By using the Platform, you acknowledge and agree that:

  • You are solely responsible for your investment decisions
  • You understand the risks associated with options trading
  • You will not rely solely on the Platform's output for trading decisions
  • You will seek independent professional advice where appropriate
  • You have the financial capacity to bear the risk of loss
  • You will comply with all applicable laws and regulations in your jurisdiction

10. Contact

For questions about this disclaimer:

  • Company: [PLACEHOLDER: Legal Entity Name]
  • Email: [PLACEHOLDER: legal@nitix.app]
  • Address: [PLACEHOLDER: Principal place of business / registered agent address]

REMINDER: This is a template document. All [PLACEHOLDER] tags must be replaced and the document must be reviewed by a qualified U.S. attorney before publication.