Form 13G Quantum Computing Inc. For: 2 October

A risk disclosure from Fusion Media highlights the significant risks associated with trading financial instruments and cryptocurrencies, including potential for total capital loss, and explicitly states that its provided market data is indicative, not necessarily real-time or accurate, and not suitable for trading decisions. The firm disclaims liability for any losses incurred from reliance on this information. This serves as a critical reminder for institutional investors to exercise extreme caution, conduct independent due diligence, and verify data from primary sources when navigating volatile markets.

Analysis

The provided text is a standard legal risk disclosure from Fusion Media, which carries significant implications for any quantitative or systematic fund utilizing its data. The disclosure explicitly warns that the data and prices on its platform are not necessarily real-time or accurate, as they may be provided by market makers rather than a direct exchange feed. Consequently, Fusion Media states that its prices are 'indicative and not appropriate for trading purposes' and disclaims all liability for any trading losses incurred from reliance on this information. Beyond the general warnings about the high volatility and risks of trading cryptocurrencies and leveraged instruments, this direct admission of data unreliability is a critical operational risk factor. It underscores the necessity for traders and portfolio managers to treat this data feed as, at best, a secondary or indicative source rather than a primary input for execution or model backtesting.

Key Decisions for Investors

• Investors must independently verify any data from Fusion Media against primary exchange feeds before executing trades, as the provider explicitly states its data may be inaccurate and is not suitable for trading purposes.
• Quantitative funds and algorithmic traders should immediately review their data sourcing and exclude or heavily discount any feeds from providers who disclaim data accuracy for live trading decisions.
• This disclosure serves as a critical reminder to conduct rigorous due diligence on all third-party data vendors, focusing on their data sourcing methods, latency, and contractual guarantees regarding accuracy and fitness for purpose.