Common use of Right to Cancel Orders Clause in Contracts

Right to Cancel Orders. You agree and understand that we and/or the Liquidity Providers reserve the right to cancel any Order or part of an Order if such Order was placed during scheduled or unscheduled downtime, violates this Agreement, violates limits or other requirements set by a Liquidity Provider or is “non-marketable”. Non-marketable for our purposes means a buy Order where the limit price is below the asking price or a sell Order where the limit price is above the bid price. We have the right to determine, at our sole discretion, whether or not to accept any Order or instruction for your Crypto Account. We are not responsible for any losses incurred as a result of our or a Liquidity Provider’s decision to cancel an Order or any part of an Order or refuse to execute an Order placed by you.

Appears in 2 contracts

Sources: Crypto Account Agreement, Crypto Account Agreement

Right to Cancel Orders. You agree and understand that we and/or the Liquidity Providers reserve the right to cancel any Order or part of an Order if such Order was placed during scheduled or unscheduled Site downtime, violates this Agreement, violates limits or other requirements set by a Liquidity Provider or is “non-marketable”. Non-marketable Nonmarketable for our purposes means a buy Order where the limit price is below the asking price or a sell Order where the limit price is above the bid price. We have the right to determine, at our sole discretion, whether or not to accept any Order or instruction for your Crypto Account. We are not responsible for any losses incurred as a result of our or a Liquidity Provider’s decision to cancel an Order or any part of an Order or refuse to execute an Order placed by you.

Appears in 1 contract

Sources: Client Account Agreement