SCALPING POLICY

STALE TRADING

In order to ensure the stability of the PSFX FINANCIAL platforms and products, we define 'Stale Trading' as a method traders use where they open and close trades within 10 seconds. PSFX FINANCIAL considers these trades abusive and does not allow these trades on its platforms and products. Should Stale Trades occur in your account, PSFX FINANCIAL reserves the right to cancel them immediately.

IDLE PRICES

We have an agency execution model and automatically cover all client positions with executing brokers and liquidity providers. On rare occasions the aggregated price feed which we provide to clients can become “idle”. We reserve the right to reverse the profit and loss realized from orders where idle stroke happened. We will investigate these cases and notify the client via e-mail or telephone that trades are cancelled. We will always check to ensure that the reversal does not generate an unintended position. If the order is executed and subsequently reversed to open a position, any subsequent order(s) closing this position would also be reversed leaving the net P&L at zero, this way the client will not be disadvantaged by this reversal due to our invalid price delivery.

MISQUOTES

We have an agency execution model and automatically cover all client positions with executing brokers and liquidity providers. Although we mitigate the risk of invalid price feeds reaching clients through utilizing a price aggregation system which generates a price from multiple liquidity providers (typically in excess of 10 liquidity providers). There are rare occasions where the price can become “skewed”. In such rare instances, if orders are filled at that price, we reserve the right to reverse orders where misquote occurred. We will investigate these cases and notify the client via e-mail or telephone that trades are cancelled. We will always check to ensure that the reversal does not generate an unintended position. If the order is executed and subsequently reversed to open a position, any subsequent order(s) closing this position would also be reversed leaving the net P&L at zero, this way the client will not be disadvantaged by this reversal due to our invalid price delivery.

STALE QUOTES AND MISQUOTES POLICY

PSFX FINANCIAL quoted prices on rare occasions may become “stale” or “skewed”. PSFX FINANCIAL reserves the right to cancel orders executed at idle or skewed prices. PSFX FINANCIAL l will actively monitor/report and investigate such trading activity and if those trades were cancelled will notify the client accordingly. PSFX International will pursue the fair treatment of its Customers and will use its best endeavors to make sure cancellations are performed fairly and that the client is not disadvantaged by the cancellation i.e. there are no inadvertent positions left open and the client's Net Position is in line with the client's positions at the time of correction.