Acceptance of Orders; Position Limits. (i) Mxxxxx Sxxxxxx shall have the right to limit the size of open positions (net or gross) of Customer with respect to the Account at any time and to refuse acceptance of orders to establish new positions, without regard to whether such refusal or limitation is required by, or based on position limits imposed under, Applicable Law. Mxxxxx Sxxxxxx shall make commercially reasonable efforts to provide Customer with a list of any position limits it intends to apply to the Account. Mxxxxx Sxxxxxx shall promptly notify Customer of its rejection of any order. To the extent permitted by Applicable Law, Mxxxxx Sxxxxxx is authorized to combine orders for Customer’s Account with orders for other customers. Unless specified by Customer, Mxxxxx Sxxxxxx may designate the exchange or other markets (including, without limitation, an exchange’s electronic trading platform) on or through which it will attempt to execute orders.
Appears in 3 contracts
Samples: Commodity Futures Customer Agreement (Morgan Stanley Smith Barney Charter Aspect L.P.), Commodity Futures Customer Agreement (Morgan Stanley Smith Barney Charter Campbell Lp), Commodity Futures Customer Agreement (Morgan Stanley Smith Barney Spectrum Select Lp)
Acceptance of Orders; Position Limits. (i) Mxxxxx Sxxxxxx Xxxxxx Xxxxxxx shall have the right to limit the size of open positions (net or gross) of Customer with respect to the Account at any time and to refuse acceptance of orders to establish new positions, without regard to whether such refusal or limitation is required by, or based on position limits imposed under, Applicable Law. Mxxxxx Sxxxxxx Xxxxxx Xxxxxxx shall make commercially reasonable efforts to provide Customer with a list of any position limits it intends to apply to the Account. Mxxxxx Sxxxxxx Xxxxxx Xxxxxxx shall promptly notify Customer of its rejection of any order. To the extent permitted by Applicable Law, Mxxxxx Sxxxxxx Xxxxxx Xxxxxxx is authorized to combine orders for Customer’s Account with orders for other customers. Unless specified by Customer, Mxxxxx Sxxxxxx Xxxxxx Xxxxxxx may designate the exchange or other markets (including, without limitation, an exchange’s electronic trading platform) on or through which it will attempt to execute orders.
Appears in 2 contracts
Samples: Futures Customer Agreement, Commodity Futures Customer Agreement (Managed Futures Premier BHM L.P.)
