End User License Agreement (EULA)

Terms and Conditions for participation in Macquarie competition powered by TradeHero.

The Macquarie competitions (collectively the “Macquarie Competition”) are a series of in:app competitions that are designed to enable eligible participants from Singapore to trade warrants virtually within the TradeHero mobile application. Prizes will be awarded in accordance with these specific Terms and Conditions of participation.

The Macquarie Competition is sponsored by Macquarie Capital Securities (Singapore) Pte Ltd (“Macquarie”) and independently administered by TradeHero. TradeHero administers the Macquarie Competition in its sole discretion and any form of communication or enquiries in respect of the competition shall be directed to TradeHero and not Macquarie.

1. Competition Period

The Macquarie competitions (collectively the “Macquarie Competition”) are a series of in-app competitions that are designed to enable eligible participants from Singapore to trade warrants virtually within the TradeHero mobile application. Prizes will be awarded in accordance with these specific Terms and Conditions of participation.

2. Entry Requirements

1. All Existing TradeHero accounts and accounts that are opened during the competition period will automatically be able to participate in the competition, provided that all other conditions of participation are met.
2. To be eligible, participants must be Singaporean residents and at or over 18 years of age at time of registration to the Macquarie Competition. Those who do not meet these requirements will be disqualified from any participation. Participants can be of any nationality residing in Singapore.
3. Participants can only sign up for the Macquarie Competition once. Participants must register their own personal particulars and not use another person’s particulars to register for the competition. Participants must not trade using another participant’s account.
4. Participants must register using their names as stated in their NRIC or Passports for verification purposes. Participants who fail to produce a valid form of identification will not be awarded prizes should they be declared winners for the respective prizes. Driver licences will not be acceptable.
5. All employees, interns, contractors and official office:holders, as well as their immediate families, of TradeHero and Macquarie, its affiliates, any representatives and any other persons professionally connected with the Competition are not eligible to participate.

3. Determination of Winners

The competition offers multiple prizes that are to be distributed based on virtual warrants trading performance. The Competition will offer prizes to various participants over the Participation Period who are adjudged to have won a particular competition. TradeHero will adjudge winning participants in its sole discretion. Participants will be ranked on the leaderboard, where the performance of their trades is marked to market. There are 5 prizes each week (1st S$ 500, 2nd S$ 300, 3rd S$ 300, 4th S$ 100, 5th $S 100) for 13 weeks and 3 prizes each calendar month (1st S$ 2500, 2nd S$ 1500, 3rd S$ 1000) for 3 months.

The percentage gain of a participant will be calculated using the TradeHero “Position:Level P&L;” ranking algorithm and will be calculated as: ROI = (total P&L; at date of marking / total invested) x 100

Where “total P&L; at the date of marking” includes realized and unrealized profit and loss during the relevant period and “total invested” means the total amount a participant invested in Macquarie warrants during the relevant period.

ROI will be calculated after market close on the last trading day of a week and the last trading day of a month for determining the weekly prizes and monthly prizes.

4. Parameters of Simulated Warrant Trading

1. Only trades that took place during the Participation Period will be taken into consideration.
2. Each participant will start the competition with an initial credit of US$ 100,000 virtual trading cash.
3. A single trade is required for inclusion in the weekly competitions. Three positions are required for inclusion in the monthly competitions.
4. No minimum holding period is applicable for warrant trading.
5. Warrant prices will be marked using the Mark to Market methodology. Warrants traded on the SGX will be marked at the following times:
   1. HSI warrants will mark at 4:13pm SGT based on the prevailing bid price.
   2. China A50 warrants will mark at 3:53pm SGT based on the prevailing bid price.
   3. Nikkei, STI and Singapore stocks will mark at 4:59pm SGT based on the prevailing bid price.
6. For warrants over the HSI, participants may trade according to the Hong Kong Hang Seng Index Futures trading hours: 9:15pm - 11:58pm, and 1:00pm - 4:13pm. The HSI Futures actually stop trading at 12:30 pm in the first half and 4:15 pm in the second half, but market making for HSI warrants will stop 2 minutes prior to the actual closing time.
7. For warrants over the China A50, participants may trade according to the FTSE China A50 Index Futures trading hours: 9:00 am – 3:53 pm. The China A50 Futures have a pre:close matching period at 3:55 pm, but market making for China A50 warrants will stop 2 minutes prior to the matching time.
8. For warrants over Nikkei, participants may trade during the hours that Macquarie market makes on these warrants: 9:00 am – 2:23 pm, and 3.15 pm – 4.59 pm.
9. For warrants over STI and Singapore stocks, participants may trade at any time of the day during trading hours (9:00 am : 4:59 pm). Participants will not be able to trade during the pre:open matching period (8:30 am : 8:59 am) and the pre:close matching period (5:00 pm - 5:05 pm).
10. Short selling of warrants will not be allowed. Participants can only sell warrants they already own.
11. If an order is placed for a warrant whose underlying is on a trading halt or suspension, the order will not be processed until the trading halt or suspension is lifted.
12. If an underlying stock is delisted on the SGX market, the corresponding warrants will be delisted in the competition with no value.
13. If a warrant is held to expiry, the cash settlement amount will be credited to the relevant participant’s portfolio for the purposes of calculating the ROI.
14. If any market disruption hinders the marking of prices, TradeHero reserves the right to mark those prices at the next available point.
15. Only trades placed within core SGX trading hours will be accepted in the competition. No queuing of orders will be done for execution on the next day. Only Macquarie issued structured warrants trading on the SGX will be eligible for inclusion in the competition.
16. There will be no volume or price limit constraints applied to competition trades. Competition board leaders will have their trades reviewed by TradeHero in order to ensure that there is no breach of the terms and conditions of the Competition.
17. All existing constraints on trading within the TradeHero mobile application remain in force.
18. In the event that two or more Macquarie Competition participants close with the same ranking the participant with the highest number of profitable closed trades will be considered the winner amongst the participants.

5. Prizes

The participants of the various competitions running within the Macquarie Competition will be eligible to win prizes. The value of each prize will be disclosed via the Macquarie Competition leaderboard within the TradeHero mobile application.

6. Use of Competition for Promotional Purposes

By participating in the Macquarie Competition, all participants permit TradeHero, Macquarie and other partners sponsoring the Macquarie Competition to access and use all data held on participants through the TradeHero app without any further claims or compensation for the purposes of the Macquarie Competition and direct marketing of Macquarie’s, TradeHero’s and other sponsoring partners’ product and services. If you are a winner, you agree that Macquarie and TradeHero may use your name, other information and photographs to administer and promote the Macquarie Competition. Throughout the Participation Period of the Macquarie Competition the rankings and results of participants will be published through TradeHero, Macquarie and any affiliated partners. In cases where participants do not want their details published by TradeHero, Macquarie or affiliated partners, a written request should be sent to [email protected] in order for such information to be removed. However, in such cases, the participant shall cease to be eligible to participate in the Macquarie Competition.

7. Conduct

By entering the Macquarie Competition, eligible participants agree to comply and be bound by these Terms and Conditions. Failure to comply with these Terms & Conditions may result in disqualification from the Macquarie Competition. Eligible Participants further agree to comply and be bound by the decisions of the Macquarie Competition judges, which are final and binding in all respects. TradeHero reserves the right in its sole discretion to disqualify any participant if it finds it to be (1) tampering or attempting to tamper with the entry process or the operation of the Competition (2) violating the specific Terms and Conditions of the Macquarie Competition or any of the general Terms and Conditions of the TradeHero mobile application (3) acting in way that disrupts, or with intent to abuse, threaten or harass any other person. Any false information provided within the context of the Competition by any participant concerning identity, postal address and non:compliance with the Terms and Conditions may result in the immediate elimination of a participant from the Macquarie Competition.

8. Disentitlement

In cases of any indiscretion or misuse in trading, such trades will not be taken into consideration and may even be removed from the participant’s account. TradeHero reserves the right to disqualify any participant found in violation of the rules of the Macquarie Competition or applying any inappropriate trading strategy.

Any participant who is found or suspected to have attempted to have manipulated the market or price of actual listed warrants and its underlying securities will be disqualified from the competition and referred to the relevant authorities.

9. Risk Acknowledgement

Prices shown in the Macquarie Competition are of indicative nature and subject to change. You should not use such prices when making any actual investment decisions.

No part of the information contained in the Macquarie Competition should be considered as investment advice or any form of recommendation to purchase or sell any financial products. The information does not take into account the investment objectives, financial situation and particular needs of each individual.

Warrants can be volatile instruments and may be subject to considerable fluctuations in value. Past Performance is not indicative of future performance. Therefore Warrants run the risk of expiring worthless resulting in a total loss of investment.

You are advised to consult, to the extent necessary, your own independent, competent, legal financial and other professional investor, when deciding whether to make any actual investment in the Warrants to ensure any decision you make is suitable for you with regards to your circumstances and financial position.

10. Communication Delays

TradeHero will not be held responsible for any delay in the acceptance and/or transmission of trades due to the breakdown or failure of transmission and communication facilities, or for any other cause beyond their reasonable control and anticipation.

11. Postponement, Change or Cancellation

TradeHero and Macquarie, in its sole discretion, reserves the right to extend or postpone the trading period, change any prevailing marking times, prices, or methodologies, cancel the Macquarie Competition and reject any participant’s application if it is determined that such action is reasonable or necessary.

12. General Conditions

The Macquarie Competition is governed by the laws of Singapore. By participating in the Macquarie Competition you agree to be bound by these Terms and Conditions and by TradeHero’s decisions, which are final and binding on all matters pertaining to the Macquarie Competition. Any potential winner who cannot be contacted within fifteen (15) days of attempted first notification will forfeit his or her prize. Each Macquarie Competition participant agrees not to act in any manner that might (1) infringe any third:party proprietary, intellectual property, personal rights or other rights; including without limitation, copyright, trademark, patent, trade secret or confidentiality obligation; or (2) otherwise violate applicable law in any country in the world. To the extent permitted by the law, the rights to litigate, to seek injunctive relief or to any other recourse to judicial or any other procedure in case of disputes or claims resulting from or in connection with the Macquarie Competition are herby excluded, and you expressly waive any and all such rights. If any provisions in these Terms and Conditions are held to be invalid or unenforceable, all remaining provisions hereof will remain in full force and effect.

Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU INDEMNIFY AND AGREE TO KEEP INDEMNIFIED TRADEHERO AND MACQUARIE AT ALL TIMES FROM AND AGAINST ANY LIABILITY, CLAIMS, DEMANDS, LOSSES, DAMAGES, COSTS AND EXPENSES RESULTING FROM ANY ACT, DEFAULT OR OMISSION BY YOU AND/OR A BREACH OF ANY WARRANTY BY YOU SET FORTH HEREIN. TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU INDEMNIFY AND AGREE TO KEEP INDEMNIFIED TRADEHERO AT ALL TIMES FROM AND AGAINST ANY LIABILITY, ACTIONS, CLAIMS, DEMANDS, LOSSES, DAMAGES, COSTS AND EXPENSES FOR OR IN RESPECT OF WHICH TRADEHERO WILL OR MAY BECOME LIABLE BY REASON OF OR RELATED OR INCIDENTAL TO ANY ACT, DEFAULT OR OMISSION BY YOU UNDER THESE TERMS AND CONDITIONS INCLUDING WITHOUT LIMITATION RESULTING FROM OR IN RELATION TO ANY BREACH, NON:OBSERVANCE, ACT OR OMISSION WHETHER NEGLIGENT OR OTHERWISE, PURSUANT TO THESE RULES BY YOU. TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU AGREE TO HOLD TRADEHERO AND MACQUARIE, ITS RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES AND ASSIGNS HARMLESS FOR ANY INJURY OR DAMAGE CAUSED OR CLAIMED TO BE CAUSED BY PARTICIPATION IN THE CONTEST AND/OR USE OR ACCEPTANCE OF ANY PRIZE WON.

Competition Terms

TradeHero reserves the right to amend or waive any rule during or after this competition.

In cases where the Macquarie Competition Terms and Conditions are translated into a language other than English, then the English version of the Terms and Conditions shall prevail as the official language.