Common use of OBTAINING A QUOTE AND ORDER PLACEMENT Clause in Contracts

OBTAINING A QUOTE AND ORDER PLACEMENT. 3.1. At any time you wish to enter into a CFD Transaction, or to close all or part of a CFD Transaction, you may request a quote to open a CFD Transaction with us during the normal hours of trading for the relevant CFD Instrument. We at our sole discretion can provide quotes outside normal hours of trading if requested by you. 3.2. CFD Transactions will be initiated by you placing a CFD Order offering to enter into a CFD Transaction in respect of a CFD Instrument at the price quoted to you. 3.3. Each CFD Order must be an instruction to “buy” or “sell”. A “buy” CFD Transaction may also be referred to as a “long” or “long position” and a “sell” CFD Transaction may also be referred to as a “short” or “short position”.