I. Purpose
To appropriately address abnormal trading situations, prevent and mitigate market risks on the RooEx platform, ensure trading order, and maintain market stability, RooEx will implement measures to manage user transaction behavior. When abnormal trading behaviors are detected, the platform is entitled to initiate handling procedures and take appropriate measures against users involved.
II. Definition of Abnormal Trading Situations
"Abnormal trading situations" refer to behaviors or phenomena that may significantly affect the functionality or market order of the RooEx platform, including:
- Situations that cause partial or complete disruption of normal trading activities on the platform;
- Acts that interfere with platform market prices or trading order;
- Other behaviors that violate platform rules or may lead to potential platform risks.
III. Identification and Determination of Abnormal Trading Behaviors
The following scenarios will be considered abnormal trading behaviors:
- 3.1 Self-Trading Behavior
Users engage in self-buying and self-selling, or repeated counterpart transactions between accounts under the same control (known as "self-trading"). Specific considerations include:- Multiple accounts with the same source of funds, matching IP addresses, and highly synchronized trading behaviors;
- Wash trading (back-to-back trades) to manipulate market prices or volumes.
- 3.2 Algorithmic Trading Interference
Using algorithmic trading tools or automated instructions that disrupt the security of the RooEx system or normal market trading order. - 3.3 Market Manipulation
Manipulating market prices by abnormal means or engaging in unfair practices such as falsifying market liquidity. - 3.4 Other Abnormal Behaviors
Other behaviors determined by the RooEx platform to potentially threaten market security and stability, such as:- Malicious exploitation of platform vulnerabilities;
- Unauthorized technical intrusions.
IV. Measures for Handling Abnormal Trading Behaviors
To ensure market safety and platform order, RooEx will adopt the following measures based on the severity of the abnormal activity (without prior notice to involved users):
- Request Transaction Reports
Users are required to submit transaction explanations, clarifying the purpose and legitimacy of the account behavior. - Restrict Account Functions
- Restrict account privileges, including opening positions or enforcing partial liquidation of holdings;
- Temporarily suspend all withdrawal and deposit operations for the account (including fiat and cryptocurrency).
- Close Accounts and Handle Assets
Based on the severity of the abnormal behavior, the platform reserves the right to close trading access for accounts and confiscate remaining assets within the accounts. - Additional Measures
In accordance with business rules, RooEx reserves the right to take other necessary actions, including but not limited to suspending account privileges or reporting to relevant regulatory agencies.
V. User Responsibilities and Disclaimers
- 5.1 User Behavior Guidelines
Users must comply with local laws and the platform's rules while trading on RooEx, avoiding behaviors such as self-trading or falsifying market liquidity. Users are responsible for ensuring the legality and compliance of their trading behavior. The platform reserves the ultimate right of discretion for handling violations. - 5.2 Platform Statement and Liability
In the event of economic losses caused by user violations of these rules, RooEx will not bear any responsibility. The platform reserves the right to take legally permitted measures to restrict user accounts and seek remedies from relevant legal institutions.
VI. Interpretation Rights and Implementation Date
- The final interpretation rights of these rules belong to ROOEX LIMITED.
- These rules will take effect from January 20, 2025.
Frequently Asked Questions (FAQ)
Q1. Under what circumstances could my account be flagged for abnormal trading behavior?
- Your account might be flagged if it exhibits activities such as self-buying and self-selling, high-volume algorithmic orders that disrupt the platform, or attempts at market manipulation.
Q2. What should I do if my account is flagged for abnormal trading?
- The platform may request further transaction explanations from you. You will need to cooperate actively and provide documents verifying the legitimacy of your account usage and trading activities. Please contact the RooEx official customer support team for further assistance.
Q3. Will I be notified before action is taken for abnormal trading behavior?
- Depending on the situation, the platform may take action (such as restricting account trading or temporarily freezing accounts) without prior notice. For further details, refer to these rules or contact customer support.
Important Notes
- Risk Reminder: Cryptocurrency trading carries high risks. Users are advised to understand market characteristics and exercise reasonable risk control when engaging in trading activities.
- Compliance: Ensure all account activities comply with the laws and regulations of your jurisdiction and are conducted honestly.