What is Ace Up Capital?
Ace Up Capital is a team of skilled traders, analysts, and forward-thinking professionals dedicated to delivering an exceptional trading experience. We provide access to institutional-level trading conditions and offer a top-tier capital growth program designed for traders aiming to elevate their performance.

Our Mission

At Ace Up Capital, our mission is to empower traders to achieve their financial goals through advanced technology, expert guidance, and unparalleled support. We deliver the institutional-grade tools and infrastructure traders need to excel.

Anyone over the age of 18 who can demonstrate their trading abilities is eligible to become a trader with ACE UP CAPITAL. The company does not provide services to individuals or entities from Syria, the Democratic People\'s Republic of North Korea, the Democratic Republic of Congo,  Iraq, South Sudan, Sudan, Yemen, those listed on the ISIL  and Al-Qaida Sanctions List, the 1988 Taliban Sanctions List, or any other persons or entities included in the First Schedule of the Terrorism (Suppression of Financing) Act.

The information on this website is not intended for residents of any country or jurisdiction where distribution or use would be contrary to local laws or regulations.

1. Purchase Your Evaluation
Begin by selecting and purchasing the evaluation that fits your trading goals.

2. Hit Your Profit Targets

Work toward the required profit objectives while following all trading guidelines and criteria.

3. Get Your Contract & Move to the Qualified Stage

After successfully completing all evaluation steps, submit your KYC documents through your dashboard.
Your trading performance will undergo a compliance check to confirm all rules were respected. This review takes up to 2 business days (not including the day you passed).
Once approved, you\'ll receive an email with your Simulated Qualified Account agreement. Sign the contract to activate your Simulated Qualified trading account.

At ACE UP CAPITAL, our team has decades of combined experience in both education and trading. Over the years, we’ve supported thousands of clients in sharpening their market insights, navigating financial markets, boosting their profitability, and honing their risk-management skills. We deeply understand the challenges traders face, and we’re committed to helping you succeed in every dimension. Your success isn’t just good for you — it matters to us, because when you thrive, so do we. Your satisfaction is our highest priority.

No, all trading accounts provided by ACE UP CAPITAL are fully simulated training accounts that display real market price data from liquidity providers. These accounts contain simulated funds and are intended strictly for educational and training purposes.

Yes, a registration fee is required, which covers the cost of the specific training program you select. These fees support our operational expenses, allowing us to provide traders with advanced technology, a high-quality trading platform, and dedicated customer support. They also help ensure that traders engage with our training environment responsibly.

The fee for the chosen service option can be paid by credit card, PayPal, cryptocurrencies, or other payment methods currently offered by the provider on the website.

At ACE UP CAPITAL, you pay only for the program you choose. We do not charge any additional fees beyond the prices listed for our training programs. There are no recurring monthly fees and no hidden charges of any kind.

It is the maximum loss that will occur on the account in the sum of open and closed trades within one day (24h), starting at UTC + 2 /UTC+3. For the more details on your Daily loss limit as per Plan wise please check Trading plans FAQ.

This represents the total reduction in the account’s equity from the initial balance of the selected training program to the maximum drawdown limit defined for that specific program and phase.
For the overall Loss limits on your Plan please check relative plans FAQ.

No, the use of Expert Advisors (EAs) or Trade Copiers is not permitted at ACE UP CAPITAL

No, ACE UP CAPITAL does not offer swap-free accounts. All our accounts operate with standard overnight swap or rollover fees applied to positions held overnight, in line with industry practices. These fees are necessary to maintain the integrity of our trading environment and ensure transparent pricing for all traders. We recommend reviewing our account terms to understand how swap charges may apply to your positions.

At ACE UP CAPITAL, we require that the average duration of all your trades be greater than 2 minutes. You can easily track this information on your dashboard under the account metrics page.

To clarify, we understand that some trades may be shorter than 2 minutes, and that is perfectly fine. The key requirement is that the majority of your trades, and the overall average trade duration, exceed 2 minutes. Additionally, at least 50% of your profits must come from trades held for more than 2 minutes.

This rule is designed to encourage thoughtful, strategic trading and ensure that profits reflect consistent market analysis rather than purely short-term scalping.

Yes, at ACE UP CAPITAL, you are allowed to hold trades overnight on all plans. However, we strongly recommend exercising caution if you choose to do so. Overnight positions, especially on less liquid cross currency pairs, can experience significantly wider spreads, which may increase your trading risk. For safer trading, it is generally advisable to close positions before the market slows down or becomes less liquid.

The rules for holding trades over the weekend at ACE UP CAPITAL depend on your account type:

ACE UP Pro / ACE UP One Step Accounts:

Challenge Phase: Weekend holding is allowed.

Qualified (Funded) Accounts: Weekend holding is not allowed. Any trades held over the weekend on qualified accounts will be considered a soft breach, and any profits from these trades will be invalidated and removed at the time of payout. Additionally, trading cryptocurrencies over the weekend is not permitted on these accounts.

ACE UP Swing Accounts:

Weekend holding is allowed during both Challenge and Qualified stages.

Cryptocurrency trading over the weekend is permitted.

These rules are designed to ensure fair trading practices and proper risk management across all account types.

No, ACE UP CAPITAL does not accept payments made via a third-party card or account. All transactions for assessment purchases and trading accounts must be conducted in the name of the cardholder.

ACE UP CAPITAL does not provide tax advice. For any tax-related questions or obligations, we recommend consulting a qualified financial advisor or accountant. They can guide you on compliance with tax regulations in your jurisdiction and help ensure that your trading activities are reported correctly.

All accounts at ACE UP CAPITAL, including Challenge, Qualified, and Monthly Competition accounts, have a 30-day inactivity limit.
If an account does not record any trading activity (with a proper connection established and account balance updates visible) for more than 30 consecutive days, it will be deactivated. Please note that once an account is deactivated, this process cannot be reversed, and the account will remain closed.

Traders can simply avoid inactivity by placing a trade if any lot size once in 30 days.

At Ace Up Capital, your funded account grows by 25% of your initial account size every 3 months, provided you meet the requirements below.

🔹 What are the requirements to receive a 25% account growth?
To qualify for a growth cycle, you must achieve BOTH conditions within the 3-month period:

1. Receive 3 payouts within those 3 months
Payouts must be valid and approved.

Missed or skipped payouts do NOT count.

2. Achieve a minimum of 10% profit
The 10% is measured on your current account size over the 3-month period.

Profit must be fully verified by the firm.

🔹 How much does the account grow each cycle?
The growth is always fixed, based on:

25% of the INITIAL account size
Initial Account = $10,000
25% Growth = $2,500 added every 3 months

This fixed $2,500 is added each cycle, regardless of your current balance.

📈 Account Growth Example — Starting With a $10,000 Account
Cycle Timeline Growth Added New Account Size
Start Month 0 — $10,000
Cycle 1 After 3 months +$2,500 $12,500
Cycle 2 After 6 months +$2,500 $15,000
Cycle 3 After 9 months +$2,500 $17,500
Cycle 4 After 12 months +$2,500 $20,000
Cycle 5 After 15 months +$2,500 $22,500
Cycle 6 After 18 months +$2,500 $25,000
Cycle 7 After 21 months +$2,500 $27,500
Cycle 8 After 24 months +$2,500 $30,000
🔹 How many cycles can I receive?
There is no maximum, you can scale up up to 1 Million.
🔹 What happens if I don’t meet the requirements?
If you fail to:

Receive 3 payouts, or

Reach 10% profit

Then:

That cycle does not count

Your account size stays the same

You can still qualify in the next cycle

There is no penalty, and you don’t lose your account.

🔹 Can I still receive payouts while scaling?
Yes.
Your normal payout schedule continues, even while qualifying for a scale-up.

🔹 Is the profit split affected by scaling?
No.
Your profit split remains the same (e.g., 80/20 or 90/10 depending on your plan).

Yes, hedging and stacking are allowed at ACE UP CAPITAL, but with certain rules:
Hedging:

Hedging is defined as having trades running in both directions on the same instrument at the same time. You can hold both long (buy) and short (sell) positions simultaneously for the same asset on the same account.

Prohibited: Hedging intended to lock in a price or for spread arbitrage is not allowed and may result in account closure.

Across Accounts: Hedging across multiple accounts is prohibited. When analyzing hedging strategies across correlated instruments, only trades within the same account will be considered.

Stacking:

Stacking is defined as having three or more open trades on the same instrument in the same direction. This allows multiple concurrent positions on the same asset.

Both hedging and stacking are permitted within the bounds of our trading rules and risk management policies. Ensure your strategies comply with these guidelines to maintain a safe and positive trading experience.

Stop loss and take profit orders are not mandatory at ACE UP CAPITAL, but we strongly recommend using them. These tools help manage risk, protect your capital, and promote disciplined trading. Incorporating stop loss and take profit levels into your strategy can improve your overall trading performance.

ACE UP CAPITAL has a strict policy against trading strategies that are considered “all or nothing” or purely speculative. We do not accept strategies that rely on gambling-like behavior. Our goal is to identify and partner with traders who can effectively manage risk, generate consistent profits, and maintain disciplined trading practices.
Examples of gambling behavior include:

Inconsistent lot sizing: Significant deviations in lot size compared to the account’s average may indicate gambling.

Unusual trade durations: Trades held for significantly shorter periods than the account’s typical average (e.g., suddenly holding a trade for minutes when the average is hours) can be seen as speculative rather than strategic.

Speculative news trading: Initiating trades just before and closing immediately after high-impact news events, especially without a consistent strategy, is considered gambling. This includes short-term trades on Swing accounts or trades around news events on Pro/One/Three account models.

Trading behavior deemed as gambling will result in the removal of profits and may lead to termination of your contract and closure of your Qualified Trader Account.

At ACE UP CAPITAL, traders can use the Trade Locker platform for all account types. This platform provides real-time market data, account management tools, and advanced trading features to support your trading and learning experience.

You can request your Performance Fees through USDT (ERC-20) or Rise. Simply submit a payout request through your dashboard, and our team will process it promptly withing 24 Working hours.

Traders are eligible to request their performance fee payout every 14 days (bi-weekly), provided all payout conditions for that cycle are fully met.
To qualify for a payout, the following requirements must be satisfied:

1. Minimum Payout Amount
The trader must have at least $100 in withdrawable profit for that payout cycle.

2. Minimum Qualifying Trading Days
A trader must complete a minimum of three (3) qualifying trading days within the payout period.
A trading day is counted as qualifying only if the trader achieves a minimum profit of 0.35% of the account size on that single day.

3. Eligibility Review
If a trader does not meet the minimum number of qualifying trading days, the payout request will be deferred to the next payout cycle.

This structure ensures that payouts are based on consistent trading activity and meaningful performance during each 14-day period.

At ACE UP CAPITAL, your trading journey is your own. We provide the platform, tools, and educational resources, but ultimately, the success or failure of your trades rests with you.
Key responsibilities for traders and analysts:

1. Account Management

You are in control: You are solely responsible for managing your account, credentials, and all trading decisions.

No sharing: Only you are authorized to enter positions on your account. Sharing your login information is strictly prohibited.

Data security: If your email or dashboard is compromised due to a breach on your end, ACE UP CAPITAL cannot be held liable. Safeguarding your credentials is essential.

2. Simulated Funds, Real Responsibility

Practice seriously: Even when trading with simulated funds, your actions carry real responsibility. Treat your account as if it were live and focus on honing your skills.

Own your decisions: You are fully accountable for every trade and choice made on your account. Each decision is an opportunity to learn.

No liability for losses: ACE UP CAPITAL is not responsible for losses resulting from user errors, breaches, or client-side issues. Trade with caution and awareness.

We are your trusted partner in your trading journey, providing the education and tools needed to succeed, but the path you take and the results you achieve are ultimately yours.

The consequences of violating a rule at ACE UP CAPITAL depend on the specific rule broken:
Soft Breach: Some rule violations are classified as soft breaches and may result in warnings or adjustments to your account without immediate termination.

Hard Breach: Certain violations are considered hard breaches and can lead to account failure.

Severe Violations: Breaking critical rules may result in a permanent ban from our platform and funding programs.

We strongly recommend thoroughly reviewing our Help Center to fully understand all rules, objectives, and requirements.

At ACE UP CAPITAL, certain trading strategies are strictly prohibited to maintain fairness, market integrity, and proper risk management. Prohibited strategies include, but are not limited to:

Exploiting Unrealistic Prices or Trade Opportunities: Such as arbitrage, latency trading, front-running price feeds, or taking advantage of mispricing.

High-Frequency Trading (HFT) and Latency Trading.

Reverse Trading / Group Hedging.

Order Book Spamming: Placing numerous small orders to create a misleading impression of market activity.

Group Trading / Signal Following.

Account Management Services: All trades must be performed by the trader whose name is on the account.

More About Order Book Spamming:

What is Order Book Spamming?
Order book spamming occurs when a trader places a large number of orders in the order book to create a misleading impression of market activity. This manipulative behavior can disrupt fairness, provide unfair advantages, and strain trading systems.

Why is it prohibited?

Unfair Advantage: It can give traders an artificial edge, especially in a simulated environment, undermining the integrity of the platform.

System Strain: Excessive orders can overload the trading platform, slow response times, and reduce overall performance for all users.

If you wish to open additional trades on the same pair, there must be a minimum gap of 1 minute or more between trades.

Q: Is there a limit on how many assessment (challenge) accounts I can hold? A: No. There is no limit on the number of assessment-phase accounts you may hold.

Q: What are the limits once I am a qualified (funded) trader?
A: Once you are qualified, the following rules apply:

You may only hold one Qualified account per plan size.

For example, if you have a 100K Swing account, you cannot hold another 100K Swing Qualified account but you can have 50K or any other size of swing account..

You can hold other account sizes from different plans.

For example, if you have a 100K Swing, you can also have a 100K Ace Up Pro or 100K Ace Up One-Step, as long as they are from different plans and total allocation in qualified stage is not more then 200K.

The maximum total allocation across all funded accounts is capped at $200,000.

Example of an allowed funded allocation:

1 × 100K Swing

1 × 50K Ace Up Pro

1 × 50K Ace Up One-Step
Total = 200K (Maximum permitted)

Example of a not allowed funded setup:

1 × 100K Swing

1 × 100K Swing (Not allowed — duplicate size in the same plan)

Per-Trade Risk Rule During the Challenge and Verification phases, there is no fixed limit on the amount of risk a trader may allocate to any single trade or trading idea. Traders may manage their positions freely, provided they remain within the overall drawdown and risk parameters of the program.

Once an account becomes Qualified, traders are strongly advised to apply disciplined risk management to protect both their capital and the firm’s capital. As part of this guidance, traders are encouraged to keep their per-trade risk at or below 2% of the account balance. This 2% guideline applies not only to a single entry but to the entire trading idea—including situations where:

Multiple positions are opened simultaneously as part of the same strategy,

A trade is scaled in or out,

Several trades are running concurrently in highly correlated instruments, or

All active trades collectively represent one overarching market idea.

The intention of this guideline is to promote sustainable, controlled risk exposure and prevent excessive concentration on a single market outcome. While this is an advisory rule rather than a hard limit, consistent failure to follow reasonable risk-management practices may result in additional oversight or restrictions being placed on the account to ensure responsible trading activity.

No, the use of VPNs or VPS is not permitted at ACE UP CAPITAL. All trading activity must be conducted directly from your own device and location to ensure account security, compliance, and the integrity of our platform.

The ACE UP PRO plan is a two-phase evaluation offered by ACE UP CAPITAL to assess a trader’s consistency, discipline, and risk management skills before granting a Qualified Analyst Account.

• Phase 1 Profit Target: 10%

• Phase 2 Profit Target: 5%

• Maximum Drawdown (Static): 10%

• Maximum Daily Drawdown (Equity Based): 5% of accounts size from the Equity at time of Rollover.

• Minimum Trading Days (Per Phase): 3

Leverage varies by asset class:

• Forex (FX): 1:50

• Indices: 1:20

• Metals: 1:20

• Oil: 1:10

• Crypto: 1:5

• Stocks: 1:10

Lot size limit is only on qualified stage , there is no Lot size limit during Assessment Phases.

Note: Lot exposure depends on leverage and available margin. Violations are evaluated per position, not per trade idea.

Q: What happens if a trader exceeds the maximum lot size?
A: ACE UP CAPITAL enforces lot size rules strictly:

• 1st Violation: Profits generated using lots above the limit will be removed and are ineligible for withdrawal.

• 2nd Violation: All performance fees for that payout cycle are forfeited, and the Qualified Account is permanently deactivated.

Example:

• Maximum lot limit = 10 lots

• Opening 11 lots = 1st violation

• Adding 1 more lot while the trade is open = 2nd violation → Account closure

• Phase 1 & Phase 2: Weekend holding and trading are allowed

• Qualified Accounts (PRO & One Step): Weekend holding and trading are not allowed, including crypto

• Swing Accounts: Weekend holding and trading are allowed, including crypto

NEWS TRADING POLICY 1. Challenge Phases (Phase 1 & Phase 2)

✔ Traders are allowed to trade news freely.
No restrictions apply during the evaluation phases.

2. Qualified (Funded) Accounts
The following rules apply only after the trader becomes qualified/funded:

General Restrictions
No opening or closing trades on the affected instrument starting 5 minutes before until 5 minutes after any high-impact news release.

Speeches
Traders cannot open or close trades:

From 5 minutes before the speech begins,

Throughout the entire duration of the speech,

Until 5 minutes after the speech ends.

This applies to all instruments linked to the currency involved in the speech.

Official Source
Traders must use the ACE UP CAPITAL Integrated News Calendar inside the dashboard as the only official news source.

News restrictions apply only to high-impact news events shown in the ACE UP CAPITAL dashboard calendar.

AFFECTED INSTRUMENTS & EVENTS (FOR QUALIFIED ACCOUNTS)

ALL INSTRUMENTS

USD CPI / Inflation Rate

Federal Funds Rates + Statements + Press Conference

Non-Farm Employment Change

Affected Instruments & Asset Classes
News Event Currency Affected Instruments / Assets
USD USD Forex pairs, Commodities, Stocks, Crypto, US Indices
EUR EUR & GBP Forex pairs, Commodities, EU Indices
GBP GBP & EUR Forex pairs, Commodities, UK Indices
CAD CAD Forex pairs, Commodities, Oil
AUD AUD Forex pairs, Commodities Only
NZD NZD Forex pairs, Commodities Only
CHF CHF Forex pairs, Commodities Only
JPY JPY Forex pairs, Commodities, Asian Indices

News Rules Breach Policy
A Soft Breach occurs when a trader opens or closes a position during a restricted news window. In the event of a soft breach, the account will remain active; however, any trades executed in violation of the news restriction will be invalidated. All profits generated from those invalidated trades will be removed from the account balance.

At the time a payout request is submitted, the account will undergo a compliance review to ensure that no news-related violations occurred during the payout period. If any soft breach is identified within that payout cycle, the profits generated from the violating trades will be deducted from the account. Additionally, the performance fee associated with that specific payout request will be denied. Once the necessary adjustments have been made, the trader may request withdrawal of the remaining eligible profits on the next scheduled payout date.

If a trader is found to be frequently violating the news-restriction policy, ACE UP CAPITAL reserves the right to impose additional risk-management measures on that account. These measures may include, but are not limited to, the application of stricter per-trade risk limits or a reduction of the maximum permitted lot size. Such restrictions may remain in place at the firm’s discretion to ensure the ongoing integrity of the trading environment.

The ACE UP SWING plan is a two-phase evaluation offered by ACE UP CAPITAL exclusively for Swing Traders. It assesses a trader’s consistency, discipline, and risk management before granting a Qualified Analyst Account.

• Phase 1 Profit Target: 10%

• Phase 2 Profit Target: 5%

• Maximum Drawdown (Static): 10%

• Maximum Daily Drawdown (Equity Based): 5%

• Minimum Trading Days (Per Phase): 3

Leverage varies by asset class:

• Forex (FX): 1:30

• Indices: 1:10

• Metals: 1:9

• Oil: 1:10

• Crypto: 1:3

• Stocks: 1:5

Lot size limit is only on qualified stage , there is no Lot size limit during Assessment Phases.

Note: Lot exposure depends on leverage and available margin. Violations are evaluated per position, not per trade idea.

Q5: What happens if a trader exceeds the maximum lot size?
A: Lot size rules are strictly enforced:

• 1st Violation: Profits generated using lots above the limit will be removed and are ineligible for withdrawal.

• 2nd Violation: All performance fees for that payout cycle are forfeited, and the Qualified Account is permanently deactivated.

Example:

• Maximum lot limit = 10 lots

• Opening 11 lots = 1st violation

• Adding 1 more lot while the trade is open = 2nd violation → Account closure

Yes, but with conditions:

• Only trades with a duration of 2 minutes or more during news events will have profits validated.

• Traders must use the ACE UP CAPITAL integrated news calendar inside the dashboard as the official source.

• Phase 1 & Phase 2: Weekend holding and trading are allowed

• Qualified Swing Accounts: Weekend holding and trading are also allowed

The ONE-STEP Plan is a simplified evaluation program by ACE UP CAPITAL for traders seeking a faster path to a Qualified Analyst Account. It assesses a trader’s consistency, discipline, and risk control in a single phase.

• Profit Target: 10%

• Overall Maximum Drawdown: 6%

• Max Daily Drawdown (Equity Based): 3% of account size from the  starting equity that day.

• Minimum Trading Days: 3 days

This structure allows traders a faster route to qualification while maintaining strict risk management standards.

Leverage by asset class:

• Forex (FX): 1:30

• Indices: 1:10

• Metals: 1:9

• Oil: 1:10

• Crypto: 1:3

• Stocks: 1:5

Lot size limit is only on qualified stage , there is no Lot size limit during Assessment Phases.

⚠ Note: Lot exposure is margin-dependent and must respect the leverage provided. Violations are calculated per position, not per trading idea.

Q: What happens if a trader exceeds the maximum lot size?
A: Lot size rules are strictly enforced:

• 1st Violation: Profits generated using lots above the limit will be removed and are not eligible for payout.

• 2nd Violation: All performance fees for that cycle are forfeited, and the Qualified Account will be permanently deactivated.

Example:

• Maximum allowed lot = 10 lots

• Opening 11 lots → 1st violation

• Adding 1 more lot while the trade is open → 2nd violation → Account closure

• Challenge Phase: Weekend holding and trading are allowed

• Qualified ONE-STEP Accounts: Weekend holding and trading are not allowed, including crypto

NEWS TRADING POLICY 1. Challenge Phase.

✔ Traders are allowed to trade news freely.
No restrictions apply during the evaluation phase.

2. Qualified (Funded) Accounts
The following rules apply only after the trader becomes qualified/funded:

General Restrictions
No opening or closing trades on the affected instrument starting 5 minutes before until 5 minutes after any high-impact news release.

Speeches
Traders cannot open or close trades:

From 5 minutes before the speech begins,

Throughout the entire duration of the speech,

Until 5 minutes after the speech ends.

This applies to all instruments linked to the currency involved in the speech.

Official Source
Traders must use the ACE UP CAPITAL Integrated News Calendar inside the dashboard as the only official news source.

News restrictions apply only to high-impact news events shown in the ACE UP CAPITAL dashboard calendar.

AFFECTED INSTRUMENTS & EVENTS (FOR QUALIFIED ACCOUNTS)

ALL INSTRUMENTS
USD CPI / Inflation Rate

Federal Funds Rates + Statements + Press Conference

Non-Farm Employment Change

Affected Instruments & Asset Classes

News Event Currency Affected Instruments / Assets
USD USD Forex pairs, Commodities, Stocks, Crypto, US Indices
EUR EUR & GBP Forex pairs, Commodities, EU Indices
GBP GBP & EUR Forex pairs, Commodities, UK Indices
CAD CAD Forex pairs, Commodities, Oil
AUD AUD Forex pairs, Commodities Only
NZD NZD Forex pairs, Commodities Only
CHF CHF Forex pairs, Commodities Only
JPY JPY Forex pairs, Commodities, Asian Indices

News Rules Breach Policy
A Soft Breach occurs when a trader opens or closes a position during a restricted news window. In the event of a soft breach, the account will remain active; however, any trades executed in violation of the news restriction will be invalidated. All profits generated from those invalidated trades will be removed from the account balance.

At the time a payout request is submitted, the account will undergo a compliance review to ensure that no news-related violations occurred during the payout period. If any soft breach is identified within that payout cycle, the profits generated from the violating trades will be deducted from the account. Additionally, the performance fee associated with that specific payout request will be denied. Once the necessary adjustments have been made, the trader may request withdrawal of the remaining eligible profits on the next scheduled payout date.

If a trader is found to be frequently violating the news-restriction policy, ACE UP CAPITAL reserves the right to impose additional risk-management measures on that account. These measures may include, but are not limited to, the application of stricter per-trade risk limits or a reduction of the maximum permitted lot size. Such restrictions may remain in place at the firm’s discretion to ensure the ongoing integrity of the trading environment.