Common use of Types of Orders Accepted Clause in Contracts

Types of Orders Accepted. 12.1 Some of the types of orders ▇▇▇▇▇▇▇▇▇ accepts include, but are not limited to: a) Good till Cancelled ("GTC") - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled at the end of the Business Day on which they are placed. b) Limit - An order (other than a market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be executed when the ask price equals or falls below the bid price that you specify in the limit order. A limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. c) Market- An order to buy or sell the identified market at the current market price that Demeterer provides via the Online Trading System. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) One Cancels the Other ("OCO") - is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. e) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Thereafter, you must monitor your Account frequently when you have open positions in the Account. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period. g) Gap - a break between prices that occurs when the price of an asset makes a sharp move up or down with no trading occurring in between. Gaps can be created by a number of factors including regular buying or selling pressure, earning announcements, or any other type of news release. If a market gaps through all orders will be filled on a best efforts basis at first available price (not order level). 12.2 In the event that the cTrader client terminal is closed, trailing stop will not work. This happens as the trailing stop works on the client terminal side and in this respect, if the client terminal is closed, only the stop loss that was placed by trailing stop before the closing of the terminal can trigger.

Appears in 5 contracts

Sources: Terms and Conditions, Terms and Conditions, Terms and Conditions

Types of Orders Accepted. 12.1 Some of the types of orders ▇▇▇▇▇▇▇▇▇ accepts include, but are not limited to: a) Good till Cancelled ("GTC") - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled at the end of the Business Day on which they are placed. b) Limit - An order (other than a market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be executed when the ask price equals or falls below the bid price that you specify in the limit order. A limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. c) Market- An order to buy or sell the identified market at the current market price that Demeterer provides via the Online Trading System. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) One Cancels the Other ("OCO") - is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. e) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Thereafter, you must monitor your Account frequently when you have open positions in the Account. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period. g) Gap - a break between prices that occurs when the price of an asset makes a sharp move up or down with no trading occurring in between. Gaps can be created by a number of factors including regular buying or selling pressure, earning announcements, or any other type of news release. If a market gaps through all orders will be filled on a best efforts basis at first available price (not order level). 12.2 In the event that the cTrader MetaTrader 4 client terminal is closed, trailing stop will not work. This happens as the trailing stop works on the client terminal side and in this respect, if the client terminal is closed, only the stop loss that was placed by trailing stop before the closing of the terminal can trigger.

Appears in 2 contracts

Sources: Client Agreement, Client Agreement

Types of Orders Accepted. 12.1 13.1 Some of the types of orders ▇▇▇▇▇▇▇▇▇ accepts include, but are not limited to: a) Good till Cancelled Canceled ("GTC") - An order (other than a market order), that by its terms is effective until filled or cancelled canceled by Client. GTC Orders are not automatically cancelled at the end of the Business Day on which they are placed. b) Limit - An order (other than a market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be executed when the ask price equals or falls below the bid price that you specify in the limit order. A limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. c) Market- An order to buy or sell the identified market at the current market price that Demeterer provides via the Online Trading System. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) One Cancels the Other ("OCO") - is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. e) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Thereafter, you must monitor your Account frequently when you have open positions in the Account. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period. g) Gap - a break between prices that occurs when the price of an asset makes a sharp move up or down with no trading occurring in between. Gaps can be created by a number of factors including regular buying or selling pressure, earning announcements, or any other type of news release. If a market gaps through all orders will be filled on a best efforts basis at first available price (not order level). 12.2 13.2 In the event that the cTrader MetaTrader 4 client terminal is closed, trailing stop will not work. This happens as the trailing stop works on the client terminal side and in this respect, if the client terminal is closed, only the stop loss that was placed by trailing stop before the closing of the terminal can trigger.

Appears in 1 contract

Sources: Terms and Conditions

Types of Orders Accepted. 12.1 a) Some of the types of orders ▇▇▇▇▇▇▇▇▇ JME Financial Services (Pty) Ltd accepts include, but are not limited to: a) i. Good till Cancelled ("GTC") - “GTC”)- An order (other than a market order), that by its terms is effective until filled or cancelled by ClientCustomer. GTC Orders are do not automatically cancelled cancel at the end of the Business Day business day on which they are placed. b) Limit - ii. Limit- An order (other than a market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be executed when the ask asking price equals or falls below the bid price that you specify in the limit order. A limit order to sell generally will be executed when the bid price equals or exceeds the ask asking price that you specify in the limit order. c) iii. Market- An order to buy or sell the identified market at the current market price that Demeterer JME Financial Services (Pty) Ltd provides either via the JME Financial Services (Pty) Ltd Online Trading SystemSystem or over the telephone through one of the dealers. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. The Customer acknowledges and accepts that as the order is executed at market price, the execution price may be different from the price indicated when entering the order due to a change in market price at the time of execution. d) One Cancels the Other ("OCO") - is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. e) iv. Stop Loss - Loss- A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note The Customer acknowledges and accepts that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) v. Trailing Stop - Stop- A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client Customer has purchased a long open position and the market ask asking price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by ClientCustomer. If the market ask asking price then decreases, the trailing stop price will remain fixed at its last position and if the market ask asking price reaches the trailing stop price, the order will be executed. Please note The Customer acknowledges and accepts that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. vi. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Thereafter, you must monitor your Account frequently when you have open positions in the Account. vii. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period. g) Gap - a break between prices that occurs when the price of an asset makes a sharp move up or down with no trading occurring in between. Gaps can be created by a number of factors including regular buying or selling pressure, earning announcements, or any other type of news release. If a market gaps through all orders will be filled on a best efforts basis at first available price (not order level). 12.2 In the event that the cTrader client terminal is closed, trailing stop will not work. This happens as the trailing stop works on the client terminal side and in this respect, if the client terminal is closed, only the stop loss that was placed by trailing stop before the closing of the terminal can trigger.

Appears in 1 contract

Sources: Client Agreement

Types of Orders Accepted. 12.1 Some of the types of orders ▇▇▇▇▇▇▇▇▇ Orders ABRAJ GLOBAL accepts include, but are not limited to: a) : ▪ Good till Cancelled ("GTC") - An order Order (other than a market orderMarket Order), that by its terms is effective until filled or cancelled by ClientCustomer. GTC Orders are do not automatically cancelled cancel at the end of the Business Day on which they are placed. b) . ▪ Limit - An order Order (other than a market orderMarket Order) to buy or sell the identified market at a specified price. A limit order Limit Order to buy generally will be executed when the ask price Ask Price equals or falls below the bid price Bid Price that you specify in the limit orderLimit Order. A limit order Limit Order to sell generally will be executed when the bid price Bid Price equals or exceeds the ask price Ask Price that you specify in the limit order. c) Market- Limit Order. ▪ Market – An order Order to buy or sell the identified market at the current market price that Demeterer ABRAJ GLOBAL provides either via the Online Trading SystemSystem or over the telephone through one of the dealers. An order Order to buy is executed at the current market ask price Ask Price and an order Order to sell is executed at the current market bid price. d) Bid Price. ▪ One Cancels the Other ("OCO") - – An Order that is a pair linked to another Order. If one of conditional orders stipulating that if one order executesthe Orders is executed, then the other order is will be automatically canceled. e) cancelled. ▪ Stop Loss - A stop loss order Stop Loss Order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order Stop Loss Order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order Stop Loss Order and as such, stop loss orders Stop Loss Orders are not guaranteed to take effect at the price for which they are set. f) . ▪ Trailing Stop - A trailing stop Trailing Stop is the same as a stop loss order Stop Loss Order with the only difference being that, instead of setting a price at which the order Order is activated, the trailing stop order Trailing Stop Order is activated at a fixed distance from the market price. For example, if Client Customer has purchased a long open position and the market ask price Ask Price increases, the trailing stop Trailing Stop price will also increase and will trail behind the market ask price Ask Price at the fixed distance set by ClientCustomer. If the market ask price Ask Price then decreases, the trailing stop Trailing Stop price will remain fixed at its last position and if the market ask price Ask Price reaches the trailing stop Trailing Stop price, the order Order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order Trailing Stop Order and as such, trailing stop orders Trailing Stop Orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an orderOrder, it is your sole responsibility to remain available for order Order and fill Fill confirmations, and other communications regarding your Account until all open orders Orders are completed. Thereafter, you must monitor your Account frequently when you have open positions Open Positions in the Account. Your order Order shall be valid in accordance with the type and time of the given orderOrder, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period. g) Gap - a break between prices . Kindly note that occurs when any specific instructions from you may prevent us from taking the price steps that ABRAJ GLOBAL has designed and implemented in its execution policy as explained below to obtain the best possible result for the execution of an asset makes a sharp move up or down with no trading occurring your order/s in between. Gaps can be created by a number of factors including regular buying or selling pressure, earning announcements, or any other type of news release. If a market gaps through all orders will be filled on a best efforts basis at first available price (not order level). 12.2 In the event that the cTrader client terminal is closed, trailing stop will not work. This happens as the trailing stop works on the client terminal side and in this respect, if the client terminal is closed, only the stop loss that was placed by trailing stop before the closing respect of the terminal can triggerelements covered by your instructions.

Appears in 1 contract

Sources: Interpretation Agreement

Types of Orders Accepted. 12.1 a) Some of the types of orders ▇▇▇▇▇▇▇▇▇ Stream Capital Markets (Pty) Ltd accepts include, but are not limited to: a) i. Good till Cancelled ("GTC") - “GTC”)- An order (other than a market order), that by its terms is effective until filled or cancelled by ClientCustomer. GTC Orders are do not automatically cancelled cancel at the end of the Business Day business day on which they are placed. b) Limit - ii. Limit- An order (other than a market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be executed when the ask asking price equals or falls below the bid price that you specify in the limit order. A limit order to sell generally will be executed when the bid price equals or exceeds the ask asking price that you specify in the limit order. c) iii. Market- An order to buy or sell the identified market at the current market price that Demeterer Stream Capital Markets (Pty) Ltd provides either via the Stream Capital Markets (Pty) Ltd Online Trading System. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. The Customer acknowledges and accepts that as the order is executed at market price, the execution price may be different from the price indicated when entering the order due to a change in market price at the time of execution. d) One Cancels the Other ("OCO") - is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. e) iv. Stop Loss - Loss- A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note The Customer acknowledges and accepts that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) v. Trailing Stop - Stop- A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client Customer has purchased a long open position and the market ask asking price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by ClientCustomer. If the market ask asking price then decreases, the trailing stop price will remain fixed at its last position and if the market ask asking price reaches the trailing stop price, the order will be executed. Please note The Customer acknowledges and accepts that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. vi. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Thereafter, you must monitor your Account frequently when you have open positions in the Account. vii. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period. g) Gap - a break between prices that occurs when the price of an asset makes a sharp move up or down with no trading occurring in betweenviii. Gaps Orders can be created by a number of factors including regular buying placed, and (if allowed) changed or selling pressure, earning announcements, removed within or any other outside the Trading Hours for each type of news release. If a market gaps through all orders will be filled on a best efforts basis at first available price (not order level). 12.2 In the event that the cTrader client terminal is closed, trailing stop will not work. This happens as the trailing stop works CFD appearing on the client terminal side and in this respectCompany’s Website and/or the Platform, if as amended from the client terminal is closed, only the stop loss that was placed by trailing stop before the closing of the terminal can triggerCompany from time to time.

Appears in 1 contract

Sources: Client Agreement