5.Execution venue
For securities orders we offer, we act as a principal, not on your behalf, so we are the only venue for your orders. For orders for securities offered by us, we will not send your order to the outside market.

As a market maker, we are the client's direct counter parts to the transactions and / or contracts that the client has entered into through the online trading facility.

31.2 Each price offer is determined by us and published on our online trading facilities or notified to you of the maximum leverage (hereinafter referred to as "leverage") for transactions and / or this agreement.

Exploiting price errors and / or closing transactions at off-market prices and / or taking advantage of internet delays (commonly referred to as "arbitrage," "sniper," or "scalping") Collectively, the concept of using trading strategies for that purpose is called "arbitrage") and cannot exist in the OTC market where clients buy or sell directly from themselves. Therefore, we reserve the right, in our sole discretion, not to permit the misuse of Arbitrage in connection with our online trading facilities and / or services. Transactions or contracts that rely on Price Latency Vitrage opportunities may be canceled at our discretion without prior notice.