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    Hedging Policy

    This policy sets out BIS Markets' rules regarding hedging of positions by Clients, including permitted single-account hedging and prohibited cross-account hedging.

    Contents

    1. Purpose2. Definitions3. Policy4. Monitoring and Enforcement5. Client Acknowledgement6. Amendments

    1. Purpose

    This policy sets out BIS Markets' ("the Company") rules regarding hedging of positions by Clients. It is designed to permit legitimate risk-management activity within a single trading account while preventing the use of multiple accounts to hedge or arbitrage positions against the Company or other market participants.

    2. Definitions

    Hedging

    The simultaneous holding of a Buy position and a Sell position on the same instrument (or a correlated instrument, at the Company's discretion).

    Single-Account Hedging

    Hedging where both the Buy and Sell positions are opened within the same trading account, under the same Client.

    Cross-Account Hedging

    Hedging where a Buy position is opened in one trading account and an offsetting Sell position is opened in a different trading account, whether held by the same Client, related Clients, or Clients acting in concert.

    3. Policy

    3.1 Single-Account Hedging — Permitted

    Clients are permitted to hedge positions within a single trading account (i.e opening both Buy and Sell positions on the same instrument within that one account), subject to BIS Markets' standard margin and trading terms.

    3.2 Cross-Account Hedging — Prohibited

    Clients are strictly prohibited from hedging positions across two or more separate trading accounts. This includes, without limitation:

    • Opening a Buy position in Account A and an offsetting Sell position in Account B, whether both accounts are held by the same Client or by different Clients acting together.
    • Coordinating trades across multiple accounts (including accounts held by family members, associates, or affiliated entities) with the intent to hedge or offset market exposure.
    • Using multiple accounts to exploit pricing, execution, or bonus/promotion terms through offsetting positions.

    4. Monitoring and Enforcement

    4.1 BIS Markets reserves the right to monitor trading activity across all accounts, including accounts under common ownership, control, or IP/device association, to detect Cross-Account Hedging.

    4.2 Where BIS Markets reasonably determines that Cross-Account Hedging has occurred, it reserves the right, at its sole discretion, to take one or more of the following actions:

    • Close any or all affected positions without prior notice.
    • Void or adjust profits arising from the affected positions.
    • Suspend or restrict trading on the relevant accounts.
    • Terminate the Client Agreement and close all associated accounts.

    5. Client Acknowledgement

    By opening and/or operating a trading account with BIS Markets, the Client acknowledges and agrees to this Hedging Policy and confirms that they will not engage in Cross-Account Hedging, whether directly or through related or associated accounts.

    6. Amendments

    BIS Markets reserves the right to amend this policy at any time. Updated versions will be published on the Company's website and/or client portal.