Common use of System Failure Clause in Contracts

System Failure. The Customer acknowledges and agrees that there are risks of trading system or component failure. In the event of system or component failure, the Customer may not be able for a certain period of time to execute new orders, execute existing orders or modify or cancel orders which are previously executed. The system or component failure may also result in loss of orders or order priority. Neither the Company nor any Relevant Third Party shall be liable in any manner for any malfunction in the trading system or for any component failures and orders.