Common use of Close Out of Positions Clause in Contracts

Close Out of Positions. At any time, with or without notice to the Client, and in addition to any other rights MTC may have under this Agreement, MTC may choose to close out or limit the size of a Client’s open position(s) (net or gross) if any of the following circumstances occur: (a) MTC reasonably consider there are abnormal market or trading conditions; or (b) MTC are unable to quote prices in the relevant market due to lack of market information (for whatever reason); or (c) MTC consider that a Client may be in breach of a relevant regulation or law or be privy to “inside information” within the meaning of various globally recognized Securities Markets Acts; or (d) A Client has failed to provide any margin, deposit or other sum due under this Agreement in respect of any Contract or such margin amounts or Collateral fall below our margin requirements; or (e) The combined size of all the Client’s orders and/or all other orders for a Contract exceeds MTC’s Normal Trading Size; or (f) Where a Contract is withdrawn from MTC’s Product Schedule; or (g) MTC are requested to close out or limit a Client’s position by any of MTC’s Securities Commission or other regulatory body; or (h) MTC exercises our rights under Clause 26.1 of these General Terms and Conditions. (i) MTC determines that the client is conducting unethical, or predatory trading practices which may cause problems with their Prime Brokers or Liquidity Providers.