Purpose

The purpose of this policy is to prohibit the practice of hedging against oneself using the same instrument on multiple accounts. This policy aims to prevent any potential conflicts of interest and market abuses that may arise from such practices.

Scope

This policy applies to all clients of the organization who engage in trading activities.

Policy

Hedging against oneself using the same instrument on multiple accounts is strictly prohibited. This means that an individual cannot open opposite positions on the same instrument on two or more accounts owned by them or associated with them, this includes traders who may share the same residence or address.

Rationale

Hedging against oneself using the same instrument on multiple accounts can create conflicts of interest and market abuses. It can be used to manipulate the market and create artificial price movements. Moreover, it can be misleading to other market participants and can undermine the integrity of the market. Therefore, this practice is not permitted.

Enforcement

Any violations of this policy will be taken seriously and may result in immediate suspension or termination of the user's account. Our platform reserves the right to take any additional legal action as necessary.

Conclusion

This policy is essential to ensure the integrity of the market and prevent any potential conflicts of interest and market abuses. All clients are required to comply with this policy.