Common use of PROHIBITED AND UNLAWFUL TRADING TECHNIQUES Clause in Contracts

PROHIBITED AND UNLAWFUL TRADING TECHNIQUES. 31.1. The concept of using trading strategies aimed at exploiting errors in prices and/or concluding trades at off- market prices and/or by taking advantages of internet delays, commonly known as ‘arbitrage’, ‘sniping’ or ‘scalping’ (hereinafter collectively referred to as “Arbitrage”), cannot exist in an OTC market where the Client is buying or selling directly from the principal.

PROHIBITED AND UNLAWFUL TRADING TECHNIQUES. 31.128.1. The concept of using trading strategies aimed at exploiting errors in prices and/or concluding trades at off- market prices and/or by taking advantages of internet delays, commonly known as ‘arbitrage’, ‘sniping’ or ‘scalping’ (hereinafter collectively referred to as “Arbitrage”), cannot exist in an OTC market where the Client is buying or selling directly from the principal.