POLICY

Disclaimer

LAST UPDATED — 11 OCTOBER 2026

Financial and investment disclaimer

Content on this website is published for informational and research purposes only. Nothing on this website constitutes:

  • investment, financial, legal or tax advice;
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Proprietary trading

KSAN RELAY is a proprietary trading firm. It trades only its own capital and does not accept, manage or invest external or client capital. KSAN RELAY may hold, or may have held, positions in instruments or markets discussed in its research, and is not obliged to disclose them.

No advisory or client relationship

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Research, models and results

Research may be incomplete, experimental or subject to revision. Models, simulations, backtests and historical analyses rely on assumptions and may not reflect actual trading conditions, including transaction costs, liquidity and market impact. Historical or simulated results, if published, do not guarantee future results.

Your own decisions

You are responsible for your own decisions. Make them independently and, where required, seek advice from an appropriately qualified and registered professional.

Open-source software, datasets and research outputs

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  • Research outputs may change as work is revised.
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Accuracy and third-party information

KSAN RELAY does not represent that content on this website is complete, current or error-free. Content may be changed or removed without notice. Research may reference third-party data, software or publications; KSAN RELAY does not control third-party content, and a reference is not an endorsement.

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