Transaction execution Sample Clauses
The Transaction Execution clause defines the procedures and requirements for carrying out the agreed-upon transaction between the parties. It typically outlines the steps each party must take to complete the transaction, such as delivering goods, transferring funds, or signing necessary documents, and may specify timelines or conditions that must be met. This clause ensures that both parties understand their obligations and the sequence of actions required, thereby reducing the risk of misunderstandings or delays in fulfilling the contract.
Transaction execution. We now describe execution of transactions that update the database. First we describe the algorithm, then the behavior during failures, and ▇▇▇▇▇ show the correctness of the algorithm.
Transaction execution. 7.1.1. The Client places an order with the price that he/she can see in the trading terminal and once the trade is opened then execution starts. The price in the Client’s order may be different from the current market price because of high market volatility or delays that are caused by failures in the Internet connection between the Client’s and Company’s servers. The Client must make trades in his/her own name or entitle somebody else to act on his/her behalf. The latter requires notarized power of attorney and other requireddocuments.
7.1.2. The Company agrees that it will exercise best efforts for the timeliness of the Client’s order execution, however the Company cannot guarantee order execution in exact compliance with the Client’s presets. The Company will immediately notify the Client if it is impossible to execute an order (because of market closure, asset illiquidity, etc.)
7.1.3. A trading order can be placed and executed/deleted only during the Company’s trading hours, however this order will remain valid during the next trading hour’s timeframe.
7.1.4. The Company can change the list of assets that are available for the Client to open options on. For example, if a major asset has a high chance of falling and the Company is aware of this fact, then the Company is entitled to withdraw this asset from its trading platform.
7.1.5. If deemed necessary, the Company may impose limitations on the number of positions a Client can open, or impose other limitations, including:
a) Limitation on the maximum amount per one order.
b) Control of the trading platform in order to identify the Client while he/she is making a trade.
7.1.6. If such limitations are to be imposed, the Company will notify the Client in advance about such changes.
7.1.7. The Client should understand that some financial markets might impose their own limitations on synthetic order types.
7.1.8. In the case the Client has any open positions on the ex-dividend day for a major asset, the Company has the right to close such a position at the last price of the previous trading day and open the equivalent volume of the underlying financial instrument at the first available price on the ex-dividend day. If such a situation is to occur, the Company will inform the Client about such adjustments and no Client consent will be required.
Transaction execution. It is the Unadvised Investment Service whereby Monex shall execute the instructions it receives from the Client, relating to one or more Securities, under the terms instructed by the Client and absent any advice from Monex. Likewise, Monex shall provide the Client the Transaction Execution Service in accordance with the provisions of this Clause and, as applicable, the provisions of this Agreement. Under the Transaction Execution Service, the Client is responsible for verifying that the Securities that it acquires are consistent with its Client Investment Profile and its investment objectives, it is responsible for assessing the risks inherent thereto, therefore, the instructions issued to Monex and the transactions it carries out with such Securities, will be the exclusive responsibility of the Client. The foregoing, notwithstanding the level of knowledge and experience that the Client has regarding the securities market and the prevailing economic environment, with Monex not being liable for the results thereof. The Client acknowledges and accepts that all transactions requested under this Transaction Execution service will not come from a recommendation by Monex, therefore, Monex may be exempted from any liability from providing personalized or general advise, or issuing an opinion with respect to the Securities acquired under the Transaction Execution service. The parties acknowledge and accept that the following, without limitation, will be deemed instructed under the Transaction Execution service: (i) transfers of Securities from other institutions, and of the agreements that the Client has entered into with Monex; (ii) the withdrawals that the Client instructs to Monex, whether these be executed by transfers to other agreements with Monex or with another institution, or under Securities sale instructions; (iii) any trade of Securities where there is no advice from Monex; (iv) any trade of Securities that does not adjust to the Client Investment Profile. The Client acknowledges and accepts that the instructions that Monex issues under the Transaction Execution service may not adjust to the Client Investment Profile and/or be outside the concentration caps established by Monex, and/or be outside the Investment Strategy determined by Monex, therefore, the Client accepts that Monex will not be liable in such cases. The parties acknowledge and accept that in the Transaction Execution Service, the Client is responsible for verifying that its Investment Pr...