Opening a position within 3 minutes before or after a News Event, for example a Red Folder event, is prohibited.
Any traders identified as having opened a position during a News Event are subject to having that position closed and the associated P&L removed from their account, having the leverage on their account reduced, or having their account breached altogether.
The Company has sole and absolute discretion in determining what constitutes a News Event.
This rule is intended to protect the integrity of our program and is not meant to penalize traders who inadvertently trade through a news event.