Common use of Stop Loss Orders and Limit Orders Clause in Contracts

Stop Loss Orders and Limit Orders. 8.7.1 MERJ may agree to a Stop Loss Order by the User in relation to a Margin Transaction. 8.7.2 MERJ may charge a fee it deems appropriate for the Stop Loss Order, as set out in the relevant Fee Schedule. 8.7.3 The User authorises MERJ to withdraw this fee from the Segregated Funds Account when the Margin Transaction relating to the Stop Loss Order is entered into. 8.7.4 Subject to clause 8.7.5, MERJ will close out the relevant Margin Transaction in accordance with the Stop Loss Order. 8.7.5 In respect of a Margin Transaction concluded in respect of a Stop Loss Order, the User acknowledges that – 8.7.5.1 market conditions, including Abnormal Market Conditions, may arise such that MERJ may only be able to terminate and close out the Margin Transaction at a price or rate that is substantially less than that in the Stop Loss Order; 8.7.5.2 once the Stop Loss Order is triggered, MERJ will close out the Margin Transaction at whatever price or rate it is able to obtain for the User in the market, and 8.7.5.3 the User accepts these risks accordingly. 8.7.6 MERJ may agree to a Limit Order placed by the User in relation to a Margin Transaction. 8.7.7 MERJ may charge a fee it deems appropriate for the Limit Order. 8.7.8 In respect of the Margin Transaction concluded in terms of a Limit Order, the User acknowledges that, 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 MERJ may only be able to enter into the Margin Transaction 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 the User accepts this risk accordingly.

Stop Loss Orders and Limit Orders. 8.7.1 MERJ may 8.11.1 Velocity Trade may, on the request of a Client by way of the Trading Platform, agree to a Stop Loss Order by the User in relation to a Margin Transaction. 8.7.2 MERJ 8.11.2 Velocity Trade may charge a fee it deems appropriate for the Stop Loss Order, as set out in the relevant Fee Schedule. 8.7.3 8.11.3 The User Client authorises MERJ Velocity Trade to withdraw this fee from the Segregated Funds Account when the Margin Transaction relating to the Stop Loss Order is entered into. 8.7.4 8.11.4 Subject to clause 8.7.58.11.5, MERJ Velocity Trade will close out the relevant Margin Transaction in accordance with the Stop Loss Order. 8.7.5 In respect of a Margin Transaction concluded in respect of a Stop Loss Order8.11.5 However, the User Client acknowledges that –that: 8.7.5.1 8.11.5.1 market conditions, including Abnormal Market Conditions, may arise such that MERJ Velocity Trade may only be able to terminate and close out the Margin Transaction the subject of the Stop Loss Order at a price or rate that is substantially less than that in the Stop Loss Order; 8.7.5.2 8.11.5.2 once the Stop Loss Order is triggered, MERJ Velocity Trade will close out the Margin Transaction at whatever price or rate it is able to obtain for the User Client in the market, ; and 8.7.5.3 8.11.5.3 the User Client accepts these risks accordingly. 8.7.6 MERJ may 8.11.6 Velocity Trade may, on the request of a Client by way of the Trading Platform, agree to a Limit Order placed by the User in relation to a Margin Transaction. 8.7.7 MERJ 8.11.7 Velocity Trade may charge a fee it deems appropriate for the Limit Order. 8.7.8 In respect of the Margin Transaction concluded in terms of a Limit Order8.11.8 However, the User Client acknowledges that, : 8.11.8.1 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 MERJ Velocity Trade 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 and 8.11.8.2 the User Client accepts this risk accordingly.