2.1 PRINCIPAL
In our dealings with you, we will act as principal and not as agent on your behalf. Accordingly, we will be the counterparty to all of your trades.

In some circumstances, we may be unable, after using all reasonable efforts, to acquire, substitute, maintain, unwind or dispose of any Underlying Instrument we consider necessary to hedge or protect our exposure to market and other risks arising from an open Contract. In such circumstances, we may close that open Contract at the Contract Price.

Positions do not have a minimum duration however if we suspect in our sole and absolute discretion that the trade constitutes the practice of scalping (as understood by industry participants) we reserve the right to cancel, amend or reject any order or re-price or close out existing positions or cancel previously realised profits or losses. Scalping includes but is not limited to trading strategies that involve the opening and closing of positions within 180 seconds.