Policy: Hedging against yourself using the same or correlated instrument on one or multiple accounts

Purpose

The purpose of this policy is to prohibit the practice of hedging against oneself using the same or correlated instrument on one or multiple accounts. This policy seeks to prevent conflicts of interest and protect the market from manipulative behaviors.

Scope

This policy applies to all clients engaging in trading activities on the Elite Trader Funding (ETF) platform.

Policy Guidelines

1. Prohibition on Self-Hedge: Hedging against oneself using the same or correlated instrument across the same or multiple accounts is strictly prohibited. Traders cannot open opposite positions on the same instrument, or correlated instrument (e.g. NQ and MNQ) on two or more accounts owned or associated with them, including accounts within the same household or address.
2. Rationale for the Policy: Self-hedging can create conflicts of interest and potential market abuse. This practice can be used to manipulate the market and generate artificial price movements, misleading other market participants. It undermines market integrity and is therefore not allowed on the ETF platform.

Enforcement

Violations of this policy will result in serious consequences, including immediate suspension or termination of the user’s account and all gains accrued to be null and void.