1. Registration Period - Players must be registered to play by August 13, 2012 in order to qualify for the first, second and third place prizes. Registration is open to all Scottrade clients. Professionals are prohibited from claiming prizes.

Players must be registered prior to the 1st day of the month in order to qualify for the monthly top portfolio prizes and the monthly participation prizes. 

2. Trading Period – The trading period for this simulation begins July 6, 2012.

3. Initial Cash Balance - Equity and Options participants will be given an initial virtual cash balance of $25,000 for their fantasy portfolio account to use during the simulation period. Participants in the Non-Competitive Portfolio will be given $100,000. Clients are limited to one portfolio for each individual challenge (i.e. only one portfolio for Equities, one portfolio for Options, one Non-Competitive Portfolio). In the case of multiple portfolios, only the original will be considered in the rankings. 

4. Eligible Securities – The Scottrade^® Fantasy Portfolio Challenge offers a wide variety of more than 7,000 stocks and CBOE options. In order to be considered for Scottrade’s Fantasy Portfolio Challenge stock list, securities must meet specific criteria including pricing, market capitalization and average daily volume. In addition, the security must also be traded on a recognized U.S. marketplace system such as NYSE, AMEX and NASDAQ. There will be a minimum stock price of $0.25.

To find out whether your stock or option is on the list you just need to know the symbol or the name of the security. Then, go the quote page within the Fantasy Portfolio Challaneg and enter your symbol. If a “Trade” button appears next to the symbol then it can be traded within the Fantasy Portfolio Challenge.  

5. Placing Trades – Market, limit, stop, stop limit and trailing orders will be accepted. In addition, good ‘til date (GTD) and good ‘til canceled (GTC) qualifiers are available when placing orders. All orders are executed at the bid/ask prices shown on the virtual trading tool when placed during market hours. Prices will be delayed 15-20 minutes behind the actual market. The transaction will automatically appear in the trader's portfolio and transaction history.

Market orders placed while the markets are closed will be executed as market conditions permit shortly after the market opens. If the stock requested has not traded that day, then the trade will be canceled.

Trades placed after market hours can be viewed in the Pending Orders screen. Pending orders can be canceled until 9:25 a.m. ET on the day the trade is scheduled for execution. Pending market orders placed on halted stocks will be canceled if trading does not resume by the end of the day. Limit and stop orders may be placed as "Day" orders, which are good for the day only, or as "GTC" orders, which are good until canceled.

If a participant does not have adequate cash or buying power to process a trade, then the numbers of shares will be adjusted to allow the trade to be filled as best it can. Option orders include buying and selling long positions of calls and puts using market, limit and stop orders. For options trading on margin such as writing equity covered and naked calls and puts, appropriate CBOE option margin calculations apply.

6. Commissions - Each trade will incur a broker commission fee of $7.00, which will be subtracted from the participant’s fantasy portfolio cash balance.

7. Buying on Margin - Buying on margin is allowed for all securities with a price of $5.00 or higher. This means that the participant can borrow additional virtual funds from the virtual broker-dealer based on an initial margin requirement of 50%.

8. Splits, Dividends and other Corporate Actions - Most stock splits, dividends, and other corporate actions reported by the news wires will be accounted for after the markets have closed and prior to the next market opening. These situations may cause account values to be misrepresented until the reconciliation occurs for the next open business day.

9. Trading Halts - Halted, restricted, and blocked stocks will not be available for trading. Any trade that is confirmed after trading has been halted will be reversed.

10. Cancelling Market Orders - Participants cannot cancel market orders placed during market hours.

11. Exercising Options - All options are treated as American-Style options, and in-the-money options are exercised automatically on expiration. Options are cash settled.

12. Discrepancies - Participants should report any account discrepancy within one week from the transaction date. StockTrak Group, Inc. will, at its sole discretion, investigate and adjust any legitimate discrepancy. Discrepancies reported after one week may or may not be adjusted. StockTrak Group, Inc. can be reached at help-desk@stocktrak.com. Replies are usually within 24 hours by return email.

13. Day Trading – Day trading is permitted.

14. Interest – Interest on positive cash balances in your account earns 0.10% and interest charged on margin loans are calculated at the rate of 7.25%.