March 11 Amended Terms of Service

Part 10: TRADING RULES
Trading Rules Generally
1.
All trades are final.
2.
All fills are final and will not be reversed unless:
a.
CoinList is compelled to do so by any applicable law or regulation; or
b.
Due to a serious technical error, orders or fills do not occur as specified in
these rules - in which case CoinList will make all reasonable efforts to
restore all Users to the position they would have been in had the error not
occurred.
3.
CoinList may cancel open orders in the following circumstances:
a.
Orders placed by Users who, in our sole discretion, have engaged in
Prohibited Use or abusive use of the platform, for example, Market
Manipulation (defined below).
b.
Orders which under the circumstances involve an obvious error with
respect to price, quantity, or other parameters - a “clearly erroneous
transaction.”
c.
If required by any applicable law or regulation, including specifically
where CoinList is required to suspend or terminate a User's CoinList
Account.
d.
If required for technical reasons.
4.
Interruptions
a.
If technical reasons prevent or degrade a User’s ability to place or cancel
orders, or prevent or degrade access to CoinList Sites or affect the
operation of CoinList order books or matching engines, then CoinList may,
in its discretion, take one or more of the following actions in respect of one
or more Order Books:
i.
Cancel open orders.
ii.
Disable the ability to place new orders (“Cancel-Only Mode”).
iii.
Disable sign-in.
iv.
Disable access to the CoinList Site.
b.
If access to CoinList through the CoinList Site is unavailable for a
prolonged period of time but the RFQ or matching engine is still
operational, CoinList will move to Cancel-Only Mode as soon as
reasonably possible.
c.
If CoinList is in Cancel-Only Mode, it will be restored to fully operational
only after access through the CoinList Site becomes available for a
18

---

reasonable amount of time and CoinList deems it is safe to restore full
operations.
d.
CoinList will notify Users of the move to or from Cancel-Only Mode via
email, Twitter and/or through posting on the https://coinlist.co/ website.
5.
Self-Trade Prevention
a.
Users are not able to place an order which would result in
self-execution—i.e., where the same User would act as both the maker and
taker for the trade.
b.
If two orders of the same quantity would result in self-execution, both
orders are canceled.
c.
According to self-trade prevention rules, if two orders of different
quantities would result in self-execution you may specify the follow
actions:
i.
Keep Newest (default)
When self-crossing orders are detected, the
newest orders of the crossing set are kept and any orders that cross
with them are excluded from participating in the auction. See below
for what happens to the excluded orders.
ii.
Keep Oldest (keep-oldest)
When self-crossing orders are detected,
the oldest orders of the crossing set are kept and any orders that
cross with them are excluded from participating in the auction. See
below for what happens to the excluded orders.
iii.
Cancel All (cancel-all)
When self-crossing orders are detected, the
entire set of crossing orders are rejected and do not participate in
the auction. The rest of the user's (non-crossing) orders are not
affected.
d.
When orders are excluded from an auction they will be rejected and not
eligible to participate in future auctions unless all three of the following
conditions are met: 1) the excluded order was a limit order, 2) the order it
was across from was a market order, and 3) the auction crosses at a price
that would not have filled the limit order. In that case, the limit order is
retained in the order book and is eligible to participate in future auctions.
e.