Purpose:
Prevent latency arbitrage, toxic order flow, and abusive execution practices.
Definition of “transaction”
Every individual order execution (market or pending) that opens or closes volume counts as one transaction.
Example:
Opening 1 trade → 1 transaction
Closing 1 trade → 1 transaction
Total for one round-trip trade (open & close) = 2 transactions.
Maximum permitted transactions per instrument (rolling windows):
Rolling Time Window | Maximum Transactions per Instrument |
3 seconds | 2 |
10 seconds | 3 |
30 seconds | 5 |
1 minute | 6 |
60 minutes | 30 |
Note:
Breaching any single window triggers an automatic rule violation.