Common use of Abusive Trading Techniques Clause in Contracts

Abusive Trading Techniques. Internet, connectivity delays, market events and price feed errors sometimes create a situation where the prices displayed on the eToro Platform do not actually reflect the market rates, either generally as a result of connectivity delays, upon the occurrence of a market event or an abnormal trading conditions. Trading strategies aimed at exploiting errors in prices or concluding trades at off-market prices, or taking advantage of these internet delays (such a scalping or sniping), cannot exist in an OTC market where the client is buying or selling directly from the market maker. Such trading strategies are not permissible on the eToro Platform. You are also prohibited from entering into transactions or combinations of transactions which taken together or separately are for the purpose of manipulating the eToro Platform. If we can reasonably demonstrate that you, based on your trading strategy or other behavior, deliberately or systematically exploited or attempted to exploit such errors in prices, off-market prices or performed prohibited trading activities, we are entitled to remedy such errors or take such action as we deem necessary, including without limitation, terminating the Account immediately.

Appears in 3 contracts

Samples: Etoro Usa, Etoro Usa LLC Customer Agreement, Etoro Usa LLC Customer Agreement

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Abusive Trading Techniques. Internet, connectivity delays, market events and price feed errors sometimes create a situation where the prices displayed on the eToro XXXX.xxx Platform do not actually reflect the market rates, either generally as a result of connectivity delays, upon the occurrence of a market event or an abnormal trading conditions. Trading strategies aimed at exploiting errors in prices or concluding trades at off-market prices, or taking advantage of these internet delays (such a scalping or sniping), cannot exist in an OTC market where the client is buying or selling directly from the market maker. Such trading strategies are not permissible on the eToro XXXX.xxx Platform. You are also prohibited from entering into transactions or combinations of transactions which taken together or separately are for the purpose of manipulating the eToro XXXX.xxx Platform. If we can reasonably demonstrate that you, based on your trading strategy or other behavior, deliberately or systematically exploited or attempted to exploit such errors in prices, off-market prices or performed prohibited trading activities, we are entitled to remedy such errors or take such action as we deem necessary, including without limitation, terminating the Account immediately.

Appears in 1 contract

Samples: Customer Agreement

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