Common use of Modification or deletion of orders Clause in Contracts

Modification or deletion of orders. 4.4.1. When the Client sends an order to modify the parameters of the order or pending order (the value of the pending order, Stop Loss and Take Profit for this pending order) the following parameters are required: a) tickers; b) Order levels; c) Order value "Stop Loss" 0.0000 means the order for Stop Loss has not been placed (or deleted due to an error entering the value); The trading server has the right to cancel the order if one or more incorrect values of the required parameters are entered. In this case the "Modify" button is not active. 4.4.2. When the Client sends a request to modify the "Stop Loss" and "Take Profit" orders of the currently open position, the following parameters are required: a) Ticker for open order positions; b) Order value "Stop Loss" 0.0000 means the order for Stop Loss has not been placed (or deleted due to an error entering the value); c) Order value "Take Profit" 0.0000 means the order for Take Profit has not been placed (or deleted due to an error in entering the value); 4.4.3. When a Client sends a request to delete a pending order, the Client is required to select the ticker of the order to be deleted. 4.4.4. When a record of a modification or deletion of an order appears in the server log- file, the order from the relevant Client (modifying or deleting an order) will be processed. 4.4.5. The trading server may refuse a request to modify or delete an order if the order has already been sent before the first offer quote appears at the opening of the market in the Client's trading terminal. If the Dealer continues to process the order from the Client, the Company can cancel the order (modification or deletion of the order). The Client will receive advance notice of this by the Company's internal E-mail or message in the Client's trading terminal.

Appears in 2 contracts

Sources: Client Agreement, Client Agreement