4.8 In relation to any Transaction, the Company acts as Principal for any counterparty duly regulated, and as Paired Principal in relation to the Negotiation of Actions, in accordance with applicable legislation.

7. CONFLICTS OF INTEREST AND MATERIAL INTERESTS
7.1 When the Company deals with or on behalf of the Client, the Company, an associate or some other person related or affiliated with the Company, may have an interest, relationship or arrangement that is material in relation to the transaction in question or that conflicts with the interests of the client. By way of example only, when the Company deals with a Transaction for or in name of the Client, the Company may: a) trade in the respective Instrument as Principal for own account of the Company selling or buying the Client Instrument and / or principal matched against stock trading for short transactions; b) match the Customer's transaction with that or another customer acting on behalf of said other customer, as well as in customer name; c) trade with the Instrument that the Company may have recommended to the Client (including holding a long or short position); or d) advise and provide other services to associates or other clients of the Company who may have interests in investments or underlying assets that conflict with the Client's interest

10.5 The Client has the right to Market Data, which is data produced directly by a Stock exchange provider and / or Liquidity and / or Feeder of prices...

11.5 The Company reserves the right not to accept any offer or to carry out a Transaction with the Client, for example, if the Company believes that it will not be able to hedge the Transaction proposed in the Underlying Market, or if the proposed Transaction is of such a size (too small or too large), that the Company does not wish to accept that Transaction.

14.9 The Company ensures that losses will not exceed the total funds available per account (s) of Client operations (negative balance protection).

16.22 The Company has the right to cancel any Transaction if the hedging transaction corresponding has been canceled by a Liquidity Provider.