Dear PICASSO,

We thank you for your interest in Marketiva's service.

During the review of your account , we have noticed
that your trading style may not be in accordance with our Short-Term
Trading Policy.

The maximum number of short-term positions (shorter than 5 minutes) a
trader can have in a 4-hour period is 10. If a trader closes more than 50
(you are at 41) short-term positions or more than 200 total positions in 7
consecutive days, such trader's account will be temporarily prevented from
sending new orders into the market.

Please note that these limitations refer to aggregate number of positions
on both live and virtual trading desks.

If your account has already been prevented from sending new orders, based
on the weekly limitations specified above, you need to wait for few days so
the excessive number of positions you have executed decrease. The temporary
restriction will be automatically removed in 1-7 days, depending on the
extent of the breach of these terms.

This policy has been introduced to limit the excessive number of short-term
positions a trader can execute and to limit the overall number of positions
in order to better control the load on our servers and trading desks.

Best Regards,

Marketiva Team