AE-LEGAL-003 — Alta Exchange Trading Rules

Entity: Alta Exchange

Document ID: AE-LEGAL-003

Version: 1.0

Status: Active upon publication

Effective Date: Immediately upon publication

Last Updated: July 6, 2026

1. Overview

These Alta Exchange Trading Rules (“Rules”) govern trading activity on Alta Exchange and through Alta Terminal.

Alta Exchange is the market operator responsible for listings, trading rules, market operations, issuer oversight, order handling, and related exchange services.

Alta Terminal is the customer-facing trading platform operated by Alta Exchange. Customers may use Alta Terminal to view market data, submit orders, manage portfolios, and access trading tools.

These Rules apply to all users, customers, issuers, traders, market participants, API users, staff, and any person or entity that accesses or participates in trading on Alta Exchange.

By using Alta Exchange, Alta Terminal, Alta Markets services, or any related trading system, the participant agrees to follow these Rules.

Alta Exchange may update these Rules at any time.

2. Roleplay and Virtual Economy Notice

Alta Exchange is designed for use within Minecraft, Discord, roleplay communities, virtual economies, and related online environments.

Unless Alta Exchange clearly states otherwise in writing:

Alta Exchange is not a real-world securities exchange;
Alta Terminal is not a real-world brokerage platform;
trades, orders, securities, shares, balances, prices, dividends, holdings, and market data may represent in-game, fictional, simulated, or roleplay value only;
these Rules do not create real-world securities, investment, banking, financial, or legal rights;
Alta Exchange does not provide real-world investment advice.

Participants are responsible for understanding that Alta Exchange is a roleplay and virtual economy market unless expressly stated otherwise.

3. Alta Exchange, Alta Terminal, and Alta Markets

Alta Exchange is the entity responsible for operating the marketplace, trading infrastructure, listing system, issuer oversight, and market rules.

Alta Terminal is a product and business line of Alta Exchange that provides customer-facing trading, portfolio, account, order entry, and market access tools.

Alta Markets may be used as a public-facing brand for Alta Exchange, Alta Terminal, market data, APIs, issuer information, and related services.

These Rules apply to trading on Alta Exchange, including trading performed through Alta Terminal.

4. Market Authority

Alta Exchange has authority to operate, supervise, review, pause, restrict, correct, or terminate trading activity on the exchange.

Alta Exchange may:

approve or reject orders;
halt trading;
suspend securities;
restrict accounts;
cancel or correct trades;
investigate activity;
enforce these Rules;
set market hours;
set order types;
set fees;
set listing and trading requirements;
review suspicious activity;
restrict API access;
protect market integrity.

Alta Exchange decisions are final unless Alta Exchange chooses to reopen or review a matter.

5. Eligible Participants

Alta Exchange may permit approved customers, issuers, companies, institutions, staff accounts, or other participants to access trading systems.

Alta Exchange may require participants to:

create an Alta account;
connect a Discord account;
open an Alta Terminal account;
accept the Alta Terminal Customer Agreement;
accept these Trading Rules;
provide accurate information;
maintain sufficient funds or securities;
follow Alta Group and Alta Exchange rules;
complete verification or review steps.

Alta Exchange may approve, deny, suspend, restrict, or terminate access at its discretion.

6. Trading Access

Trading access may be provided through:

Alta Terminal;
Alta Exchange website tools;
approved APIs;
approved administrative tools;
other systems authorized by Alta Exchange.

Participants may not access trading systems through unauthorized bots, scripts, scraping tools, automation, reverse-engineered endpoints, or unofficial systems unless approved by Alta Exchange.

7. Market Hours

Alta Exchange may establish market hours, trading sessions, pre-market periods, after-hours periods, maintenance windows, or special trading sessions.

Alta Exchange may open, close, extend, shorten, pause, or cancel any trading session at its discretion.

Orders submitted outside active market hours may be rejected, queued, expired, delayed, or handled according to Alta Exchange procedures.

8. Listed Securities

Only securities, shares, units, interests, or instruments approved by Alta Exchange may be traded on Alta Exchange.

Alta Exchange may suspend, restrict, delist, rename, modify, or remove any security when necessary to protect market integrity, process corporate actions, resolve technical issues, enforce listing rules, or address issuer concerns.

9. Order Types

Alta Exchange may support order types including:

market orders;
limit orders;
stop orders;
stop-limit orders;
cancellation requests;
modification requests;
other order types approved by Alta Exchange.

Alta Exchange may add, remove, modify, limit, or disable order types at any time.

Not every order type must be available for every security, account, session, user, or market condition.

10. Order Entry

Participants are responsible for verifying all order details before submitting an order.

Order details may include:

ticker symbol;
security name;
buy or sell side;
quantity;
order type;
price;
time in force;
account;
estimated fees;
available funds;
available securities;
any other order instructions.

Alta Exchange may rely on orders submitted through authenticated accounts or approved access methods.

11. Order Acceptance

Submitting an order does not guarantee that the order will be accepted, routed, matched, executed, or settled.

Alta Exchange may reject, delay, hold, review, cancel, or modify an order when necessary.

Reasons may include:

insufficient funds;
insufficient securities;
invalid order details;
account restrictions;
security restrictions;
trading halts;
market closure;
price limits;
position limits;
risk controls;
suspected manipulation;
suspicious activity;
technical issues;
system delays;
violation of these Rules;
platform integrity concerns.

12. Order Priority

Alta Exchange may establish order priority rules for matching orders.

Unless Alta Exchange states otherwise, orders may be prioritized by:

price;
time of entry;
order type;
account eligibility;
system rules;
exchange discretion where needed to resolve errors or protect market integrity.

Alta Exchange may modify priority rules if necessary to support fair and orderly markets.

13. Order Matching

Alta Exchange may match buy and sell orders according to its trading engine, market rules, order priority, price, time, account restrictions, and system procedures.

Alta Exchange may match orders automatically, manually, or through a hybrid process depending on the current system design.

Alta Exchange is not required to match every compatible order if there are restrictions, errors, halts, risk concerns, or technical issues.

14. Execution

A trade is executed only when Alta Exchange records the trade as completed.

Execution may occur at the submitted price, available market price, matched limit price, or another price permitted by the applicable order type and exchange procedures.

Alta Exchange records are the official records of executions unless Alta Exchange determines that a correction is required.

15. Trade Finality

A trade is not final until recorded as completed by Alta Exchange.

Alta Exchange may cancel, correct, adjust, reverse, or break a trade when necessary to address:

obvious error;
duplicate execution;
technical malfunction;
unauthorized activity;
invalid order;
market manipulation;
system abuse;
settlement failure;
security halt;
issuer issue;
rule violation;
platform integrity concern.

Participants accept that trade finality is subject to Alta Exchange review and correction authority.

16. Settlement

Alta Exchange may establish settlement procedures for completed trades.

Settlement may involve debiting and crediting account balances, securities, holdings, fees, or other internal records.

Alta Exchange may delay, fail, reverse, adjust, or correct settlement if necessary due to:

insufficient funds;
insufficient securities;
account restrictions;
pending disputes;
technical errors;
duplicate trades;
unauthorized activity;
issuer restrictions;
corporate actions;
rule violations;
system integrity concerns.

17. Cancellations and Modifications

Participants may request order cancellation or modification where supported.

A cancellation or modification request is not guaranteed.

Alta Exchange may deny or fail to process a cancellation or modification if the order has already executed, is locked for matching, is under review, is affected by technical issues, or is otherwise unavailable for change.

18. Erroneous Trades and Obvious Errors

Alta Exchange may review trades that appear erroneous, extreme, duplicated, technically incorrect, or inconsistent with market integrity.

Alta Exchange may cancel, correct, reprice, adjust, or uphold an erroneous trade.

Factors may include:

market conditions;
order book state;
user error;
system error;
price deviation;
liquidity;
timing;
issuer status;
security status;
fairness to participants;
platform integrity.

Alta Exchange has final authority over erroneous trade decisions.

19. Trading Halts

Alta Exchange may halt trading in one or more securities or across the entire market.

Reasons may include:

issuer news;
missing disclosures;
suspicious trading;
market manipulation concerns;
technical issues;
corporate action processing;
platform maintenance;
emergency conditions;
account or settlement risk;
legal or policy concerns;
protection of market integrity.

During a halt, Alta Exchange may reject, cancel, queue, hold, or restrict orders.

20. Security Suspensions and Delistings

Alta Exchange may suspend or delist a security according to its Listing Agreement, Listing Rules, issuer procedures, or market integrity authority.

Reasons may include:

issuer fraud;
issuer inactivity;
false disclosures;
unpaid fees;
missing reports;
market manipulation;
ownership disputes;
technical issues;
legal or policy concerns;
business reasons;
protection of market integrity.

Alta Exchange may determine how to handle open orders, pending trades, holdings, settlement, disclosures, and market data for suspended or delisted securities.

21. Price Limits and Risk Controls

Alta Exchange may establish price limits, order size limits, position limits, rate limits, volatility controls, manual review thresholds, circuit breakers, or other risk controls.

Alta Exchange may apply different controls to different securities, accounts, participants, order types, or market conditions.

Orders that violate risk controls may be rejected, delayed, cancelled, or reviewed.

22. Short Selling and Negative Positions

Short selling is prohibited unless Alta Exchange expressly allows it.

Participants may not intentionally sell securities they do not own or create negative positions unless approved by Alta Exchange.

If a negative position occurs due to error, reversal, settlement issue, or system problem, Alta Exchange may correct the account, restrict trading, require cover, cancel trades, or take other action.

23. Margin and Borrowing

Margin trading, leverage, borrowing against securities, and financed purchases are prohibited unless Alta Exchange expressly allows them.

If margin or leverage is introduced later, additional terms, disclosures, limits, and risk rules may apply.

24. Insider Trading

Participants may not trade on material non-public information.

Material non-public information may include undisclosed issuer financial information, corporate actions, mergers, offerings, dividends, delistings, suspensions, internal investigations, major contracts, or other information that could reasonably affect price or trading decisions.

Issuer insiders, officers, directors, employees, contractors, major holders, and related parties may be subject to additional restrictions.

Alta Exchange may investigate, restrict, reverse, or report suspected insider trading.

25. Market Manipulation

Participants may not manipulate or attempt to manipulate the market.

Prohibited conduct includes:

wash trading;
spoofing;
layering;
fake volume;
artificial price support;
coordinated pump activity;
false rumors;
manipulative buybacks;
matched orders intended to mislead;
trading through related accounts to distort price or volume;
misleading announcements;
undisclosed paid promotion;
any conduct intended to create a false or misleading market.

Alta Exchange may investigate and enforce against suspected manipulation.

26. Wash Trades

Wash trading is prohibited.

A wash trade occurs when a participant trades with themselves, with a controlled account, with a related party, or through coordinated accounts to create artificial volume, price movement, or market activity.

Alta Exchange may cancel wash trades, restrict accounts, adjust market data, remove volume, suspend securities, or take enforcement action.

27. Spoofing and Layering

Spoofing and layering are prohibited.

Participants may not place orders with the intent to cancel them before execution in order to mislead the market, create false demand or supply, influence price, or manipulate other traders.

Alta Exchange may cancel orders, restrict accounts, or take enforcement action when spoofing or layering is suspected.

28. False Information and Rumors

Participants may not spread false, misleading, or unverified information to influence trading, prices, sentiment, issuer reputation, or market activity.

Alta Exchange may require correction, restrict accounts, halt securities, investigate issuers, or take enforcement action.

29. Front-Running and Misuse of Order Information

Participants with access to non-public order information, issuer information, staff tools, API systems, or internal records may not misuse that information for trading advantage.

Front-running, misuse of staff access, misuse of technical access, and misuse of confidential information are prohibited.

30. Account Sharing and Related Accounts

Participants may not share accounts, use another person’s account, create hidden related accounts, or use multiple accounts to evade limits, restrictions, reviews, or enforcement.

Alta Exchange may link related accounts based on records, behavior, Discord IDs, Minecraft identities, IP or device data if available, transaction patterns, or other evidence.

31. Bots, Scripts, Automation, and APIs

Participants may not use bots, scripts, automation, scraping, or API trading unless approved by Alta Exchange.

Approved API users must comply with the Alta Markets Market Data & API Terms and any technical limits or rules provided by Alta Exchange.

Alta Exchange may restrict, suspend, or terminate automated or API access at any time.

32. Issuer Trading Restrictions

Alta Exchange may restrict trading by issuers, issuer insiders, affiliates, directors, officers, employees, contractors, major holders, or related parties.

Restrictions may include:

lockups;
blackout periods;
disclosure requirements;
approval requirements;
trade reporting;
holding periods;
limits on buybacks;
limits on offerings;
restrictions during corporate actions.

Alta Exchange may cancel, review, or restrict trades that violate issuer trading restrictions.

33. Corporate Actions

Alta Exchange may process corporate actions including:

dividends;
distributions;
stock splits;
reverse splits;
buybacks;
mergers;
acquisitions;
name changes;
ticker changes;
new issuances;
tender offers;
votes;
delistings;
restructurings.

Alta Exchange may adjust orders, trades, holdings, balances, market data, or account records to reflect corporate actions.

34. Dividends and Distributions

Alta Exchange may process dividends or distributions according to issuer instructions, record dates, payment dates, account records, and platform procedures.

Alta Exchange is not responsible for issuer failure to fund, announce, or properly administer dividends unless a specific written agreement states otherwise.

Alta Exchange may correct dividend records if an error, duplicate payment, invalid holder record, or issuer issue occurs.

35. Fees

Alta Exchange may charge trading fees, market data fees, account fees, API fees, listing-related fees, premium tool fees, or other fees.

Fees may be listed in a fee schedule, confirmation, product page, agreement, dashboard, or notice.

Alta Exchange may deduct fees from available balances, sale proceeds, accounts, or other funds where allowed by its rules.

36. Market Data

Alta Exchange may publish quotes, prices, order book data, trade history, charts, issuer information, market statistics, portfolio values, and other market data.

Market data may be delayed, corrected, incomplete, unavailable, or inaccurate.

Alta Exchange may correct market data at any time.

Participants may not scrape, redistribute, sell, or commercially reuse market data without approval.

37. Disputes

Participants may submit trading disputes through official Alta Exchange or Alta Terminal support channels.

Disputes may involve:

order rejection;
failed order;
incorrect execution;
unauthorized trade;
duplicate trade;
incorrect holdings;
incorrect balance;
settlement issue;
trading halt;
trade cancellation;
market data issue;
issuer issue;
account restriction.

Alta Exchange may resolve disputes based on records, logs, order history, trade history, screenshots, issuer records, staff review, and applicable rules.

Alta Exchange’s decision is final unless Alta Exchange chooses to reopen the matter.

38. Investigations

Alta Exchange may investigate trading activity, accounts, issuers, orders, trades, API usage, communications, disclosures, or market data when it believes review is appropriate.

Participants must cooperate with investigations and provide requested information.

Failure to cooperate may result in restrictions, suspension, trade cancellation, delisting, or termination.

39. Enforcement Actions

Alta Exchange may take enforcement action for violations of these Rules.

Enforcement actions may include:

warning;
account restriction;
order restriction;
trading suspension;
account closure;
API restriction;
trade cancellation;
trade reversal;
fee assessment;
holding freeze;
balance hold;
issuer suspension;
trading halt;
security delisting;
removal of market data;
referral to server court, platform administrators, or community procedures;
any other action reasonably necessary to protect market integrity.

Alta Exchange may act immediately and without prior notice when needed.

40. Staff and Administrative Accounts

Staff, administrators, developers, operators, contractors, or other users with elevated access may be subject to additional restrictions.

They may not misuse system access, non-public information, order information, issuer information, technical tools, or administrative functions for personal advantage.

Alta Exchange may audit staff actions and restrict staff accounts if needed.

41. System Errors and Technical Issues

Alta Exchange may experience bugs, delays, outages, downtime, sync issues, display errors, bot failures, database errors, API issues, or other technical problems.

Alta Exchange may pause trading, cancel orders, reverse trades, correct balances, restore records, adjust holdings, or take other action to address system issues.

Alta Exchange is not responsible for losses caused by technical issues unless a specific written agreement states otherwise.

42. Records

Alta Exchange may maintain official records of:

accounts;
orders;
trades;
executions;
cancellations;
modifications;
holdings;
balances;
fees;
dividends;
corporate actions;
market data;
API usage;
disputes;
investigations;
staff actions;
enforcement actions;
audit logs.

Alta Exchange records are the official records unless Alta Exchange determines that correction is required.

43. Relationship to Other Agreements

These Rules apply together with:

Alta Group Terms of Service;
Alta Group Privacy Policy;
Alta Terminal Customer Agreement;
Alta Exchange Listing Agreement;
Alta Markets Market Data & API Terms;
applicable fee schedules;
issuer documents;
product-specific disclosures.

If there is a conflict between these Rules and a more specific written agreement, the more specific agreement controls for that subject unless Alta Exchange states otherwise.

44. No Guarantee of Profit or Liquidity

Alta Exchange does not guarantee:

profit;
liquidity;
execution;
price improvement;
market stability;
issuer performance;
dividend payment;
data accuracy at all times;
continued listing;
continued market availability;
ability to exit a position.

Participants trade at their own risk.

45. Changes to These Rules

Alta Exchange may update these Rules at any time.

Updated versions become effective when posted, published, or otherwise made available.

Continued use of Alta Exchange, Alta Terminal, or Alta Markets services after an update means the participant accepts the updated Rules.

46. Contact

Questions, disputes, or support requests should be submitted through official Alta Exchange or Alta Terminal support channels.

47. Approval

These Trading Rules are adopted by Alta Exchange as the governing rules for trading on Alta Exchange and through Alta Terminal.

Approved by: Alta Exchange

Effective Date: Immediately upon publication

Version: 1.0

Last Updated: July 6, 2026