Common use of Limit Orders Clause in Contracts

Limit Orders. (a) Limit Order facility (i) PKF Capital may, on the request of a Client by way of the Trading Platform, agree to a Limit Order in relation to a Margin Transaction. (ii) PKF Capital may charge a fee it deems appropriate for the Limit Order. (iii) The Client authorises PKF Capital to withdraw this fee from the Segregated Funds Account when the Limit Order is entered into. (b) No guarantee that Limit Order will be at market in every case (i) while the Limit Order will be entered into at the price or rate set out in the Limit Order, market conditions, including Abnormal Market Conditions, may arise such that PKF Capital may only be able to enter into the Margin Transaction the subject of the Limit Order at a price or rate that is substantially different from the prices or rates prevailing in the relevant market at the time of entry into of the Margin Transaction; and (ii) the Client accepts this risk accordingly.