Common use of Cancellation for Technical Error Clause in Contracts

Cancellation for Technical Error. If a position is opened and closed on the Client Terminal erroneously (for example, if the Client Terminal shows that a position was opened but the trade is not covered by liquidity providers), AX Financials reserves the right to cancel the Instruction or Transaction on the grounds of technical error. AX Financials reserves the right to cancel a Client’s executed Order without liability to the Client if the Order appears, in AX Financials ’ unfettered discretion, to be accepted and executed on the Client Terminal as a result of a technical error.

Cancellation for Technical Error. If a position is opened and closed on the Client Terminal erroneously (for exampleerroneously(forexample, if the Client Terminal shows that a position was opened but the trade theClientTerminalshowsthatapositionwasopenedbutthetrade is not covered by liquidity providers), AX Financials reserves the right to cancel the Instruction or Transaction on the grounds of technical error. AX Financials reserves the right to cancel a Client’s executed Order without liability to the Client if the Order appears, in AX Financials ’ unfettered discretion, to be accepted and executed on the Client Terminal as a result of a technical error.