Access to electronic order routing system Sample Clauses
The 'Access to electronic order routing system' clause defines the terms under which parties are permitted to use a platform or network for submitting and managing orders electronically. Typically, this clause outlines eligibility requirements, user responsibilities, and any technical or security protocols that must be followed when accessing the system. For example, it may specify that only authorized users with valid credentials can place trades or that certain software standards must be met. The core function of this clause is to ensure secure, controlled, and reliable access to the electronic order routing system, thereby protecting the integrity of transactions and minimizing operational risks.
Access to electronic order routing system. If MTC provides the Client with access to an electronic order routing system, then the Client agrees and acknowledges that:
(a) MTC may establish an electronic facility over the internet that allows Clients to view, download and print the confirmations of Contracts, daily statements, monthly statements and other reports that MTC provides;
(b) the Client has the necessary skills, facilities and procedures to operate such a system
(c) MTC is authorised to use the electronic facility as the means of providing Client confirmations of Contracts, daily statements, monthly statements and other reports from MTC;
(d) the Client will access and use such electronic facility to:
(i) receive the confirmations of Contracts, daily statements, monthly statements and other reports MTC provides;
(ii) confirm all Contracts; and
(iii) monitor Client obligations under this Agreement;
(e) the confirmation of the Contract, daily statement, monthly statement or other report is made available to the Client as at the time the relevant document is posted by MTC on the electronic facility;
(f) the Client understand the risks and obligations attaching to the use of such a system, including the risks in trading through an electronic order routing system which is serviced by means of computer and telecommunication systems. Such systems may not be secure and cannot be operated in all circumstances without error and errors may result in delay in telecommunications services to the Client or interrupted or terminated services to the Client
(g) the Client is bound by instructions s/he transmits through the system; and
(h) the Client will maintain the confidentiality of passwords used to access the system and ensure all security procedures are implemented and followed as determined by MTC; and
(i) your ability to trade through the system will be subject to limitations imposed by MTC. Access to the system may be restricted or terminated at any time without notice; and
(j) the Trading Software constitutes an electronic facility for the purposes of this Clause 16; and
Access to electronic order routing system. If LCM provides the Client with access to an electronic order routing system, then the Client agrees and acknowledges that:
(a) LCM may establish an electronic facility over the internet that allows Clients to view, download and print the confirmations of Contracts, daily statements, monthly statements and other reports that LCM provides;
(b) the Client has the necessary skills, facilities and procedures to operate such a system
(c) LCM is authorised to use the electronic facility as the means of providing Client confirmations of Contracts, daily statements, monthly statements and other reports from LCM;
(d) the Client will access and use such electronic facility to:
(i) receive the confirmations of Contracts, daily statements, monthly statements and other reports LCM provides;
(ii) confirm all Contracts; and
(iii) monitor Client obligations under this Agreement;
(e) the confirmation of the Contract, daily statement, monthly statement or other report is made available to the Client as at the time the relevant document is posted by LCM on the electronic facility;