MANAGEMENT PRINCIPLES

1. Our traders' interests always come first.
2. Our people are our most valuable assets. Our continued success depends upon adding value to our people through proper training and management.
3. Our goal is to provide superior trading opportunities to our traders. We attract and keep the industry's best by providing cutting edge tools and technologies for our traders.
4. Our risk management is our reputation. We have an uncompromising determination to achieve excellence in risk management.
5. We offer our traders the opportunity to move to the next level more rapidly than others in the industry. Advancement depends on performance and traders' ability to identify and manage risk, or able to avoid risk.
6. We constantly strive to anticipate the rapidly changing needs of the industry as well as compliance to all governing organizations. All traders are expected to adhere to these standards.
7. Our business is highly competitive, and we aggressively anticipate changes of needs of the industry and to develop new services to meet those needs.
8. Integrity, honesty and professionalism are at the heart of our business. We expect our people and traders to maintain high ethical standards.