Code of Conduct & Fair Trade Practices

Introduction

Navigating the simulated market presents unique challenges to traders, funders, and platforms alike. At TradeShield, LLC, we understand the complexities inherent in this environment and prioritize the establishment of fair, transparent, and ethical trading practices. Our commitment to maintaining integrity within our platform is reflected in the policies we've devised to prevent exploitation and uphold ethical standards.

Understanding the Simulated Market Challenges

The simulated market, while providing a robust approximation of live trading conditions, can be susceptible to disparities. Certain trading strategies may perform well in the evaluation phase but fail in live markets, posing risks to both traders and funders. At TradeShield, LLC, we prohibit practices that exploit the simulated environment or deviate from ethical trading standards.

Section 1: Ethical Trading Protocols

TradeShield, LLC enforces stringent guidelines to ensure a fair and transparent trading environment:

**Adherence to Exchange Rules**: Traders must agree to abide by specific rules for CME, CBOT, NYMEX, and COMEX. Any violation of these rules will result in evaluation failure, and for funded accounts, profits will be forfeited.

[CME RuleBook]

[CBOT RuleBook]

[NYMEX RuleBook]

[COMEX RuleBook]

Section 3: Disruptive Practices Prohibited

TradeShield, LLC prohibits certain disruptive order entry and trading practices in line with CME Group guidelines:

**Rule 575**:  Adopted by CME Group exchanges in September 2014, Rule 575 prohibits various disruptive activities such as spoofing and quote stuffing practices.

Defining Rule 575

**Spoofing**: Bidding or offering with intent to cancel prior to execution, misleading other traders.

**Quote Stuffing**: Submitting or canceling bids or offers to overload quotation systems or delay others' trades.

**Disruptive Conduct**: Intentional or reckless conduct that disrupts market orderliness.

Where Rule 575 Is Applied:

- The provisions of Rule 575 apply to both open outcry trading and electronic trading activity, across all market states.

Section 4: Standards of Evidence

TradeShield, LLC emphasizes standards of evidence in identifying and addressing disruptive practices:

**Intent**: Proof of intent is not limited to instances where a market participant admits its state of mind but extends to conduct likely to produce a disruptive consequence.

**Ignorance Defense**: Claims of ignorance are not acceptable defenses to intentional or reckless conduct.

**Recklessness**: Conduct that departs from ordinary care may be considered reckless.

Conclusion

At TradeShield, LLC, we prioritize ethical trading practices to foster a sustainable and prosperous trading environment for all participants. We encourage our traders to adhere to these guidelines, ensuring the integrity of our platform and the development of authentic trading skills. 

For official regulatory guidance on disruptive practices, reference the applicable Market Regulation Advisory Notice.

[Watch this video for further insights on ethical trading practices]

https://www.cmegroup.com/education/courses/market-regulation/disruptive-practices-prohibited/disruptive-practices-prohibited-general-information.html

For more information on exchange rules, refer to the:

 [CME Market Regulation RuleBook].