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Scalping Policy

What is Scalping?

In order to ensure the stability of the MEX platforms and products, we define "Scalping" as a method trader use where they open and close trades within a 120 seconds.

Customer Scalping policy: If the Scalping trades constitute more than 30% of the total trading volume then MEX reserves the right to reject orders systematically and/or reverse profits and/or losses in relation to scalping methods. MEX will pursue the fair treatment of its Customers and will use its best endeavors to make sure cancellations are performed fairly and that the client is not disadvantaged by the cancellation i.e. no inadvertent positions are left open and the client's net position is in line with the client's positions at the time of correction.

IB Scalping policy: Introducing Brokers cannot receive any Fees for transactions that are defined as Scalping transactions.

Stale Trading

In order to ensure the stability of the MEX platforms and products, we define "Stale Trading" as a method traders use where they open and close trades within 10 seconds. MEX considers these trades abusive and does not allow these trades on its platforms and products. Should Stale Trades occur in your account, MEX reserves the right to cancel them immediately.

Idle Prices

We have an agency execution model and automatically cover all client positions with executing brokers and liquidity providers. On rare occasions the aggregated price feed which we provide to clients can become “idle”. We reserve the right to reverse market or instant orders are executed where idle prices have been struck. These cases will be investigated by us and the client advised via e-mail or telephone where possible to notify the client of the trades being cancelled. We will use our best endeavours to ensure that the reversal does not result in an unintended position being generated however this cannot be guaranteed. I.e. if the order is executed and subsequently reversed to open a position, any subsequent order(s) closing this position would also be reversed leaving the net P&L at zero so the client is not disadvantaged by this reversal due to our onward transmission of invalid prices.

Misquotes

We have an agency execution model and automatically cover all client positions with executing brokers and liquidity providers. Although we mitigate the risk of invalid prices feeds reaching clients through utilising a price aggregation system which generates a price from multiple liquidity providers (typically in excess of 10 liquidity providers), there are rare occasions where the prices can become “skewed”. In such rare instances if orders are filled at these prices, we reserve the right to reverse orders where misquoted prices have been struck. These cases will be investigated by us and the client advised via email or telephone where possible to notify the client of the trades being cancelled. We will use our best endeavours to ensure that the reversal does not result in an unintended position being generated however this cannot be guaranteed. I.e. if the order is executed and subsequently reversed to open a position, any subsequent order(s) closing this position would also be reversed leaving the net P&L at zero so the client is not disadvantaged by this reversal due to our onward transmission of invalid prices.

Stale quotes and misquotes policy

MEX’s quoted prices may on rare occasions become “stale” or “skewed”. MEX reserves the right to cancel orders executed on idle or skewed prices. MEX will actively monitor/report and investigate such trading activity and in the event that trades are being cancelled will notify the client accordingly. MEX will pursue the fair treatment of its Customers and will use its best endeavours to make sure cancellations are performed fairly and that the client is not disadvantaged by the cancellation however this cannot be guaranteed i.e. no inadvertent positions are left open and the client's net position is in line with the client's positions at the time of correction.

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