"In order to safeguard the trading experience of community users, regulate market trading behavior, and protect investor rights, the BitonEx system will use multi-dimensional feature identification to identify users engaging in illegal arbitrage using multiple accounts and devices (including but not limited to fee brushing, rebate, hedging, etc.). The platform will take corresponding measures against users detected by the system for illegal arbitrage, including but not limited to real-name authentication, account suspension, asset freezing, and login restrictions.
**I. Abnormal Trading Behaviors and Handling Procedures Specified by the Exchange**
*Abnormal Trading Behaviors Specified by the Exchange:*
- Excessive trading in the market: Large trading volume within a day.
- Self-dealing behavior.
- Aggregated positions across controlled affiliated accounts exceeding the exchange's position limit.
- Trading by affiliated accounts using manipulative techniques such as wash trading to manipulate market prices for illicit profits.
- Theft trading behavior: Illegally stealing others' accounts and passwords or using affiliated accounts for illegal trading and fund transfer.
- Order book manipulation, including but not limited to wash trading.
- Quantitative trading and arbitrage trading.
- A/B trading behavior using one's own account or multiple accounts.
- High-frequency trading or high-frequency violation of trading rules using programs.
- Abnormal trend-conforming trading behavior by affiliated accounts.
- Trading on behalf of others.
- Utilizing super short-term trading (frequent opening and closing within a short period).
*Handling Procedures for Abnormal Trading Behaviors:*
- Immediate termination of your account and access to our servers, with confiscation of illegal gains.
- Declaration of all trades constituting ultra-short-term trading activities as invalid (i.e., rolling back trade data).
- Closing all trades constituting ultra-short-term trading activities based on our current market prices.
**II. Types and Handling of Wash Trading, Brushing, A/B Trading, and High-frequency Violations**
*1. Types and Characteristics of Wash Trading:*
- Theft trading.
- Affiliated account wash trading.
- Use of affiliated accounts for illegal fund transfers.
- Criteria for identifying affiliated accounts: Similar registration times, identical registration IP addresses, and similar deposit/withdrawal addresses.
*2. Types and Characteristics of Brushing, A/B Trading, and High-frequency Violations:*
- Multiple affiliated accounts placing orders for the same variety, direction, similar contract sizes, and similar opening/closing prices during the same time period.
- Use of the same account or multiple affiliated accounts to place orders for the same variety, different directions, and similar contract sizes during the same time period, manually or with pending orders for opening/closing operations.
- Rapid opening and closing trades within an extremely short time, within 40 seconds.
*3. Handling of Wash Trading, Brushing, and Other Violative Trading:*
According to relevant regulations of the exchange, investors engaged in violative trading will be subject to penalties, including but not limited to correction orders and confiscation of illegal gains. Penalties such as warnings, forced liquidation, and temporary trading suspension will be imposed for less severe cases, while more severe cases may result in reporting, forced liquidation, temporary trading suspension, account freezing, and designation as a 'market ban entity.' If there is suspicion of violating local laws, the exchange will transfer the case to judicial authorities for prosecution.
**III.BitonEx strictly prohibits unfair trading practices. If you engage in the following behaviors, BitonEx reserves the right to exercise executive control over your account:**
1. Engaging in price manipulation or any other malicious market behavior.
2. Potentially damaging other users or the BitonEx platform through the exploitation of vulnerabilities or other unreasonable means.
3. Participating in any other activities deemed harmful to the market by BitonEx.
4. Using multiple devices and accounts for activities such as fee brushing, rebates, or hedging."
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