Examination and Notification of Errors. Subsequent to the close of trading on each trading day, GAIN will make available to Broker on an electronic basis a daily preliminary repollt recapping the day’s trades made with Customers. In addition, GAIN shall make available on an electronic basis daily equity and margin runs to Broker reporting all Customers’ trades for the previous trading day as well as all open or rollover positions for Customers. Broker has the obligation to examine each of the aforementioned reports and thereby check trades Broker has executed for its Customers’ accounts via Broker’s trade desk by orally transmitting order information to GAIN (“Orally-transmitted Trades”). Broker will use reasonable efforts to notify GAIN of any patent error regarding Orally-transmitted Trades claimed by Broker in any account prior to 9:00 AM (eastern time) on the trading day subsequent to the execution of the transaction in dispute, provided that Broker is given sufficient and timely information to identify the error. Solely GAIN, and not Broker, is responsible for any and all trading or reporting errors for trades executed by GAIN or Customer.
Appears in 2 contracts
Sources: Forex Introducing Broker Agreement (GAIN Capital Holdings, Inc.), Forex Introducing Broker Agreement (GAIN Capital Holdings, Inc.)