Common use of Auto-Liquidation Clause in Contracts

Auto-Liquidation. If your PFI has enabled auto-liquidation for your accounts, you acknowledge and agree that trading will be subject to auto-liquidation as described in your agreement with your PFI. You acknowledge and agree that PFT shall not be liable for any trading losses or any similar claim relating to auto-liquidation. You further acknowledge and agree that auto-liquidation does not offer price certainty for existing positions, nor does it create a “floor” or “limit” on potential trading losses. When possible, PFT recommends that you submit orders to exit open positions. You acknowledge and agree that you will not rely upon auto-liquidation to exit positions.

Appears in 1 contract

Sources: End User Agreement

Auto-Liquidation. If your PFI has enabled auto-liquidation for your accounts, you acknowledge and agree that trading will be subject to auto-liquidation liquidation, without notice, at PFT’s sole discretion, as described in your agreement with your PFI. You acknowledge and agree that PFT shall not be liable for any trading losses or any similar claim relating to auto-liquidation. You further acknowledge and agree that auto-liquidation does not offer price certainty for existing positions, nor does it create a “floor” or “limit” on potential trading losses. When possible, PFT recommends that you submit orders to exit open positions. You acknowledge and agree that you will not rely upon auto-liquidation to exit positions.

Appears in 1 contract

Sources: End User Agreement