Common use of Limit Orders Clause in Contracts

Limit Orders. You may be able to place Limit Orders with Vivid NL. Limit Orders are conditional Buy or Sell Orders for which You need to set a target price for their execution. When the market price of the relevant Financial Instruments ‘hits’ the target price, We transmit Your Order for execution to an Executing Broker. The funds needed to execute Your Limit Order are reserved in Your Invest Cash Pocket from the moment you place Your Limit Order until execution or cancellation. This means that during that time, the funds remain in Your Invest Cash Pocket but You can not dispose of them (for example to place a normal Buy Order (Market Order)). Any cancellation of - or changes to - a Limit Order can only be made in accordance with the instructions provided to You in the App or Web Terminal. All Your outstanding Limit Orders will be automatically cancelled upon termination of this Client Agreement.

Limit Orders. You may be able to place Limit Orders with Vivid NL. Limit Orders are conditional Buy or Sell Orders for which You need to set a target price for their execution. When the market price of the relevant Financial Instruments ‘hits’ the target price, We transmit Your Order for execution to an Executing Broker. The funds needed to execute Your Limit Order are reserved in the cash section of Your Invest Cash Pocket Investment Account from the moment you place Your Limit Order until execution or cancellation. This means that during that time, the funds remain in the cash section of Your Invest Cash Pocket Investment Account but You can not dispose of them (for example to place a normal Buy Order (Market Order)). Any cancellation of - or changes to - a Limit Order can only be made in accordance with the instructions provided to You in the App or Web TerminalInvest App. All Your outstanding Limit Orders will be automatically cancelled upon termination of this Client Agreement.