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VIRTUAL TRADING CONTEST ENDED FEB 10 -
STAY TUNED FOR NEXT CONTEST
INTERNATIONAL SECURITIES EXCHANGE, LLC
FX OPTIONS VIRTUAL TRADING CONTEST
2010 OFFICIAL RULES
NO PURCHASE NECESSARY. VOID WHERE PROHIBITED.
1 BRIEF OVERVIEW: The FX Options Virtual Trading Contest (the “Challenge”) starts at 9:30 a.m. EST on January 12, 2010 (the “Challenge Start Date”) and ends on 4:15 p.m. EST on February 10, 2010 (the “Challenge End Date”) (collectively the “Challenge Period”). During the Challenge Period, you may visit www.fxoptions.com and register to trade the following FX Options currencies on the FX Options virtual trade platform: (1) Australian dollar; (2) Brazilian real; (3) British pound; (4) Canadian dollar; (5) euro; (6) Swiss franc; (7) Japanese yen; (8) Swedish Krona; (9) Mexican Peso; and (10) New Zealand dollar (collectively, “FX Options”). Once you are registered, you will be assigned a virtual trading account with $1,000,000 in virtual trade dollars (the “Account”). You must place a minimum of five (5) trades and trade a minimum of $300,000 in virtual dollars during the Challenge Period or you will be disqualified. strong> At the end of the Challenge Period, International Securities Exchange (“ISE” or “Sponsor”) will select three individuals with the highest net yielding Account values as the grand prize, second prize and third prize winners, respectively. The following prizes will be awarded: (1) one (1) grand prize of $2,500; (2) one (1) second prize of $1,500; and (3) one (1) third prize of $500 (collectively, “Prize Money”). Please note that Sponsor can award Prize Money to each winner by either funding each winner’s existing optionsXpress (“OX”) trading account or, in cases where a winner does not have an existing OX account, Sponsor can award Prize Money to each winner as soon as an OX account has been opened by winner. If a winner chooses not to open an OX account, Sponsor can award Prize Money directly to winner in the form of a check. Opening an OX account is not a prerequisite for participation in the Challenge or redemption of any prize.
2 HOW TO ENTER & PLAY: Beginning on the Challenge Start Date, visit the FX Options virtual trade platform at www.fxoptions.com, complete and submit the online registration form and agree to the terms and conditions of the Challenge at www.fxoptions.com/rules. Once you are registered, you will be assigned the Account from which you can conduct your trades. Please note that participants cannot access their Account prior to the Challenge Start Date. The Account shall contain $1,000,000 virtual dollars. "Virtual dollars" are provided for training and Challenge purposes only and have no real cash surrender or redemption value whatsoever. Each participant may virtually trade virtual dollars in a participant’s Account until the close of trading on the Challenge End Date. You must place a minimum of five (5) trades and trade a minimum of $300,000 in virtual dollars during the Challenge Period or you will be disqualified. Trading in the Challenge shall be strictly limited to FX Options. You will not be permitted to trade any other securities or options other than FX Options. You may trade from only one Account in the Challenge and your Account will return to $0.00 in virtual dollars at the end of the Challenge Period.
Opening an Account with ISE constitutes your consent to participate in this Challenge and your consent for ISE and/or its administrator to obtain, use, and transfer your name, address and other information for the purpose of administering this Challenge. Limit one Account per person regardless of email address. Multiple entrants are not permitted to share the same email address. Any attempt by any entrant to obtain more than the stated number of Accounts by using multiple/different email addresses, identities, registrations and logins, or any other methods will void that entrant's entries and that entrant may be disqualified. Use of any automated system or other method to interfere with the proper operation of the Challenge is prohibited and will result in disqualification. In the event of a dispute as to any registration, the authorized account holder of the email address used to register will be deemed to be the registrant or player. The "authorized account holder" is the natural person assigned an email address by an Internet access provider, online service provider or other organization responsible for assigning email addresses for the domain associated with the submitted address. The potential winner may be required to show proof of being the authorized account holder. Sponsor is not responsible for incomplete, unintelligible, late or misdirected registration forms; any error, omission, interruption, defect or delay in transmission transaction processing, or communication; technical, typographical or mechanical malfunctions; power outages or interruptions, failures or malfunctions of phones, phone lines, or telephone systems; errors in these Official Rules, for disruption of exchange data feeds or unusual market events in any Challenge-related advertisements or other materials; failures of electronic equipment computer hardware or software; or inaccurate entry information, whether caused by equipment, programming used in this Challenge, human processing error, third parties or otherwise. Sponsor reserves the right in its sole discretion, to void any and all entries of a participant who Sponsor believes has attempted to tamper with or impair the administration, security, fairness, or proper play of this Challenge or behaves in an unsportsmanlike manner. Sponsor reserves the right to modify, suspend or terminate the Challenge in the event that it becomes infected by a computer virus or is otherwise technically impaired and proceed in a manner Sponsor deems fair and reasonable, including a selection of a winner from all eligible entries before such modification, suspension or termination occurred. In the event of errors in order entry or execution, the determination of Sponsor shall be final, binding and not subject to appeal with regard to Challenge standings.
3 ELIGIBILITY: Open only to individuals who are residents of the 50 United States (excluding residents of Puerto Rico) who are 21 years of age or older at the time of entry. Employees and their immediate family members and/or persons living in the same household (i.e., spouse, parents, children, siblings and the steps of each) of Sponsor, OX, an online brokerage firm and Sponsor’s marketing partner, and their respective parent companies, affiliates, subsidiaries, advertising, promotion and fulfillment agencies and suppliers (the “Sponsor and its agents”) are not eligible to participate in the Challenge. Accounts from ineligible persons are void. Sponsor reserves the right in its sole discretion to disqualify any person based on a background check, or if Sponsor determines in its sole discretion that awarding the prize to such potential prize winner might, in Sponsor’s judgment, whether actual or apparent, conflict with or reflect negatively on Sponsor and its agents.
4 JUDGING CRITERIA: Sponsor will evaluate the performance of all the Accounts in the Challenge. Sponsor will calculate the performance results of each Participant and verify the calculations. After the Challenge ends on 4:15 p.m. EST on February 10, 2010, Sponsor will compute the total value of each Account by adding the total cash value to the current position value (collectively, the “Total Account Value”). It is not required that Challenge participants liquidate open positions in their Accounts. If the Account holds option positions that have not been assigned or exercised, the unrealized gain or loss of the option as of the Challenge End Date will be included in the Total Account Value, provided that Challenge participants have traded a minimum of five (5) trades and used at least $300,000 in virtual trade dollars. The Account with the highest Total Account Value will be deemed the grand prize winner, the Account with the second highest Total Account Value will be deemed the second prize winner, and the Account with the third highest Total Account Value will be deemed the third prize winner. All liquidation values will be measured in United States dollars. In the event of a tie, the Sponsor will split the prizes amongst participants with equal yielding Accounts. Challenge results are final, binding and not subject to appeal.
5 PRIZES AND APPROXIMATE RETAIL VALUE (“ARV”): The following prizes will be awarded: (a): one (1) grand prize consisting of $2,500 (ARV: $2,500.00); (b) one (1) second place prize consisting of $1,500 (ARV: $1,500.00); and (c) one (1) third place prize consisting of $500 (ARV: $500.00). All Prize Money can be funded into each winner’s existing OX trading account, or in case where a winner does not have an existing OX trading account, Sponsor can fund Prize Money to winner once winner has opened an OX trading account. Prize Money placed into an OX trading account is subject to the terms and conditions of the OX account agreement and all applicable agreements, terms and conditions. Prize Money placed into an OX trading account may be liquidated by Participant at any time. If a Winner chooses not to open an OX account, Sponsor can award Prize Money directly to Winner in the form of a check. Winner is solely responsible for any and all federal, state and local taxes relating to any Prize Account or commissions made in the Prize Account and will be issued an IRS 1099 tax form for the value of the Prize Accounts. No transfer or substitution of prizes is permitted unless decided by Sponsor at Sponsor’s sole discretion.
6 WINNER NOTIFICATION: Winners will be notified, using the Participant’s registered information, by electronic and certified mail no later than four (4) weeks after the conclusion of the Challenge. Return of any prize notification as undeliverable may result in disqualification and selection of an alternate winner. Winners will be required to sign and return an Affidavit of Eligibility/Liability and Publicity Release, which must be returned by the date specified on the notification letter. If any winner fails to comply with any of the requirements set forth in these Official Rules, including completing and returning the Affidavit of Eligibility/Liability and Publicity Release by the specified date, winner will forfeit Prize Account and an alternate winner will be selected. The alternate winner will be selected based on the second highest Total Account Value.
7 CONSENT TO PUBLICATION OF RANKING AND RESULTS: Except in TN and where prohibited by law, subject to Sponsor’s privacy policy, participation in the Challenge constitutes permission for Sponsor and OX to post Participant’s information, including, without limitation, participant’s username, likeness, performance and relative ranking in the current Challenge and all future FX Options Virtual Trading Contests. Sponsor may disclose this information for promotional and advertising purposes in any and all media, worldwide, without further compensation.
8 LIABILITY RELEASE: Except in TN and where prohibited by law, subject to Sponsor’s privacy policy, participation in the Challenge constitutes permission for Sponsor and OX to post Participant’s information, including, without limitation, participant’s username, likeness, performance and relative ranking in the current Challenge and all future FX Options Virtual Trading Contests. Sponsor may disclose this information for promotional and advertising purposes in any and all media, worldwide, without further compensation.
9 COMPLIANCE WITH SPONSOR’S CUSTOMER AGREEMENTS: Participant hereby agrees to comply with all terms and conditions outlined in any brokerage account forms, agreements, and risk disclosure statements executed in opening and maintaining the Account (collectively, "Customer Agreements") and further agrees to comply with all terms and conditions of these Official Rules.
10 GENERAL: All federal, state and local rules and regulations apply. In the event the Challenge is cancelled, terminated, modified or suspended, notification will be posted on the website at www.fxoptions.com. Any attempt by a participant or any other individual to deliberately damage any web site or undermine the operation of the Challenge is a violation of criminal and civil laws. Should such an attempt occur, Sponsor reserves the right to, among other things, disqualify such participant and seek damages and other remedies from any such person to the fullest extent permitted by law. Any and all disputes will be resolved individually, without resort to class action, in the appropriate courts in the State of New York exclusively, and subject to the laws of the State of New York. Should there be a conflict between the laws of the State of New York and any other laws, the conflict will be resolved in favor of the laws of the State of New York, and any and all claims must be resolved in the state and/or federal courts located in the Southern District of New York. All federal, state, and local laws apply.
Options trading involves substantial risk of loss and may not be suitable for all investors or traders. Simulated trading conditions may not be representative of actual trading conditions. System response and access times may vary due to market conditions, system performance, and other factors. Any personal information supplied by you to Sponsor will be subject to Sponsor’s privacy policy posted at www.fxoptions.com/terms. As a result, you may receive additional email communication or promotions from Sponsor as any of its customers or potential customers would. Sponsor will not sell, rent, transfer or otherwise disclose your personal data to any other third party, other than OX, except as permitted and described in its privacy policy.
11 WINNERS’ LIST: Winners’ names will be posted on www.fxoptions.com/rankings. Official Rules will be posted on Sponsor’s website at www.fxoptions.com/rules. You may also request a winners’ list be sent to you by mail by sending a self-addressed stamped envelope to: International Securities Exchange FX Options Virtual Trading Contest Winners’ Request, 60 Broad Street, New York, NY 10004. Requests for a winners’ list must be received in writing within 30 days after the end of the Challenge. You may request Official Rules be sent to you by mail by sending a self-addressed stamped envelope by February 10, 2010 to: International Securities Exchange FX Options Virtual Trading Contest Official Rules Request, 60 Broad Street, New York, NY 10004.
12 SPONSOR: The sponsor of the Challenge is International Securities Exchange, LLC, 60 Broad Street, New York, NY 10004.
© 2010 International Securities Exchange. Printed in U.S.A. All rights reserved.test