Common use of Correction of order Clause in Contracts

Correction of order. If a Firm executes an order but has traded the wrong delivery/expiry month or wrong exercise price, the Firm may offset any Loss arising from the erroneous order against any improvement achieved for the Client in the course of correctly satisfying the order, thus offering the Client only the net improvement, if any.

Appears in 2 contracts

Sources: Professional Client Agreement, Retail Client Agreement