“Market Maker” means a dealer in securities or other assets who undertakes to buy or sell at specified prices at all time.

“Principal” means the individual person or the legal entity which is a party to a transaction;

7.1 The Parties are entering into this Agreement as principal to principal. For the avoidance of any doubt, in relation to individual Orders for CFD transactions the Company shall not execute such Orders against its Client as a principal to principal, but shall transmit or arrange for the execution of such Orders acting in behalf of its Client with a third party (Execution Venue).

10.10. The Company is, in accordance with its Best Execution Policy, entitled to aggregate the Client’s orders with the bank’s own orders, orders of any of the Company’s associates and/ or persons connected with the Company including employees and other Clients. Furthermore, the Company may split the Client’s orders when executing these.

13.7. In respect of any transactions to be affected OTC, the Company shall be entitled to quote prices at which the Execution Venue is prepared to trade with the Client.

24.1. The Client is not allowed to enter into any form of prohibited trading i.e. certain trading techniques commonly known as “Scalping on Price and Time”, “High Frequency Trading”, “Arbitrage”, “Sniping”, “Gap Hedge”, “Internal hedge”, “External Hedge”, “Bonus Manipulation Techniques” or the use of certain automated trading systems or “Expert Advisors”; and/or follow an abusive trading strategy i.e. any trading activity which is aiming towards potential riskless profit by opening opposite orders, during periods of volatile market conditions, during news announcements, on opening gaps (trading sessions starts), or on possible gaps where the underlying instrument has been suspended or restricted on a particular market, between same or different trading accounts.

14.5. In the event that a negative balance occurs in the Client’s Trading Account due to Stop Out, the Company will make a relevant adjustment of the full negative amount so as to the Client not to suffer the loss.

13.5...The Company (or any associate) may benefit from commission, mark–up, mark– down or any other remuneration where it acts for the Counterparty to a Contract.

17.1. The Company, its associates or other persons or companies connected with the Company may have an interest, relationship or arrangement that is material in relation to any transaction or Contract affected or advice provided by the Company, under the Terms. By accepting these Terms and the Company’s Conflict of Interest Policy (which distinctly describes the www.yamarkets.com general character and/ or background of any conflict of interest) the Client agrees that the Company may transact such business without prior reference to any potential specific conflict of interest.