Close Out of Positions. At any time, with or without notice to the Client, and in addition to any other rights SMFX may have under this Agreement, SMFX 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) SMFX reasonably consider there are abnormal market or trading conditions; or b) SMFX are unable to quote prices in the relevant market due to lack of market information (for whatever reason) or c) SMFX consider that a Client may be in breach of a relevant regulation or law; 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the Client’s orders and/or all other orders for a Contract exceeds SMFX Normal Trading Size; or f) Where a Contract is withdrawn from SMFX Product Schedule; or g) SMFX are requested to close out or limit a Client’s position by an authorised regulatory agency; or h) SMFX exercises our rights under Clause 26.1 of these General Terms and Conditions.
Appears in 2 contracts
Sources: Client Services Agreement, Client Services Agreement