Common use of Limit Orders and Stop Loss Orders Clause in Contracts

Limit Orders and Stop Loss Orders. It is the client’s responsibility to ensure that any limit orders or stop loss orders on their account are managed correctly including cancellation when they are no longer required. Orders have a limited time period usually of 3months after which they automatically expire. Limit orders and stop loss orders are not guaranteed. If an order it not cancelled this may trigger a position being executed (either bought or sold) which the client will be liable for.