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News Event Trading Rule

Written by Operations CEO

News Event Rule

Opening a position within 3 minutes before or after a News Event is prohibited.

What happens if you trade during a News Event?

Traders identified as having opened a position during a News Event are subject to:

  • Having that position closed and the associated P&L removed from their account

  • Having the leverage on their account reduced

  • Having their account breached altogether

The Company has sole and absolute discretion in determining what constitutes a News Event.

Intent

This rule is intended to protect the integrity of the program and is not meant to penalize traders who inadvertently trade through a news event.

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