Common use of Transaction execution Clause in Contracts

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.

Appears in 1 contract

Sources: Terms and Conditions

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 requireddocumentsrequired documents. 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 typesordertypes. 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-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.

Appears in 1 contract

Sources: Terms and Conditions