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.