Principal
When a Company is the sole execution venue with respect to executing client order.
Riskless Principal Execution
Where a Company receives an order from a client and it executes that order with the market on a backto-back principal basis, such that the Company is counterparty to both the client and the market.

Execution Venues are the entities to which the orders are placed or to which the Company transmits orders for execution. The Company acts as riskless principal (back to back basis) in relation to CFDs therefore the Company is the sole execution venue for clients’ orders.

HYCM acts as the market maker and principal to all spot forex Transactions and CFD Transactions executed by you with HYCM.

As a CFD and spot forex market maker HYCM may have access to information that is not available to you, may have acquired trading positions at prices that are not available to you, and may have interests different from your interests.

HYCM’s main business is the provision of spot forex and CFD products. Our principal place of business is at 18 King William Street, London, EC4N 7BP. Our registered office is at 150 Aldersgate Street, London EC1A 4AB.

3.15. In order to maintain the adequate capacity of the HYCM trading platforms, you agree that you will not enter into any Transactions on our platforms which fall within our definition of Scalping. HYCM defines scalping as a trading strategy whereby profits are returned by taking advantage of internet latencies, delayed prices caused by technical issues or other conditions, or where both buy and sell orders are entered at, or nearly at the same time. Scalping is considered a serious breach of our Terms and Conditions, and as such, HYCM may in its absolute discretion close out, replace, reverse any Transactions or close out the Account with immediate effect