Agency Trading Clause Samples

The Agency Trading clause defines the arrangement where a broker or agent executes trades on behalf of a client rather than for their own account. In practice, this means the agent acts as an intermediary, placing orders and managing transactions according to the client's instructions, and the client retains the benefits and risks of the trades. This clause ensures that the roles and responsibilities of the agent and principal are clearly delineated, helping to prevent conflicts of interest and ensuring transparency in trading activities.
Agency Trading. GTJAF will act as the Client’s agent in effecting transactions unless GTJAF indicates (in the contract note for the relevant transaction or otherwise) that GTJAF is acting as principal. Unless otherwise disclosed to the Client orally or in writing, GTJAF and its directors and employees will carry out Instruction and effect transactions for the Account as agent for the Client and not as principal. Unless otherwise proved to the contrary, the Client acknowledges that any sale or purchase of Derivatives effected by GTJAF pursuant to the Client’s Instruction or any Authorized Person on behalf of the Client as aforesaid will not result from the selection or advice in the selection of such Derivatives by GTJAF.
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Agency Trading. Fund/Agent desires that NFS serve as limited agent for the purpose of accepting Orders by (i) Intermediary Plans, (ii) SAI Funds, and (iii) Charitable Gift Fund Pools. The terms governing such agency trading arrangement are set forth on Exhibit D.
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Agency Trading. Fund/Agent hereby appoints NFS as its agent for the sole and limited purpose of accepting Orders. NFS hereby accepts its appointment on the terms and conditions set forth herein. Notwithstanding anything in this Agreement to the contrary, NFS shall not be acting as agent for Fund/Agent in any manner whatsoever, except in accepting such Orders. NFS may appoint a third party as its agent (“NFS’ Agent”) for the purpose of receiving Orders on behalf of NFS. Such Orders received by NFS’ Agent shall be deemed received by NFS, and accordingly by Fund/Agent, simultaneously. NFS’ Agent may also appoint intermediaries as subagents for the limited purpose of receiving Orders on behalf of NFS. If such Orders are received by NFS or NFS’ Agent prior to the Close of Trading on a Business Day or such other time as designated in writing to NFS by Fund/Agent, they shall be treated as having been received by Fund/Agent on such Business Day (“Trade Date”). The parties acknowledge that some Orders may, pursuant to the practices and procedures of the NSCC, be transmitted through the NSCC Defined Contribution Clearance and Settlement System. For such Orders, NFS will, by the later of: (i) 7:30 A.M. Eastern Time or (ii) FundSERV cycle 8, or other mutually agreed upon time, each Business Day following Trade Date (“TD + 1”), provide to Fund/Agent either summarized trading instructions for the net purchase or net redemption of Shares of the Funds or detailed trading instructions based on Orders accepted by NFS or NFS’ Agent prior to Close of Trading on the prior Business Day. Under limited contingency circumstances, NFS may provide such instructions as late as 9:00 A.M. Eastern Time. NFS will provide both summarized and detailed trading instructions to Fund/Agent on TD+1 via Fund/SERV. Such instructions shall be effected at the public offering price, or such other price as may apply to the transaction, of the Shares of the respective Fund calculated as of the Close of Trading on the Business Day on which the Order was accepted by NFS or NFS’ Agent.
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Agency Trading. CCBIS will act as the Client’s agent in effecting transactions unless CCBIS indicates (in the contract note for the relevant transaction or otherwise) that CCBIS is acting as principal. Before entering into any contract for Futures or Options, the Client shall satisfy itself that such contract is suitable for the Client’s purposes.
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Related to Agency Trading

  • Secondary Market Trading In the event the Public Securities are not listed on the Nasdaq Capital Market or another national securities exchange, the Company will (i) apply to be included in Mergent, Inc. Manual for a period of five (5) years from the consummation of a Business Combination, (ii) take such commercially reasonable steps as may be necessary to obtain a secondary market trading exemption for the Company’s securities in such jurisdictions and (iii) take such other action as may be reasonably requested by the Representative to obtain a secondary market trading exemption in such other states as may be requested by the Representative; provided that no qualification shall be required in any jurisdiction where, as a result thereof, the Company would be subject to service of general process or to taxation as a foreign entity doing business in such jurisdiction.

  • PRINCIPAL MARKET REGULATION The Company shall not issue any Put Shares, and the Investor shall not have the right to receive any Put Shares, if the issuance of such Put Shares would exceed the aggregate number of shares of Common Stock which the Company may issue without breaching the Company’s obligations under the rules or regulations of the Principal Market (the “Exchange Cap”).

  • Secondary Market Trading and Standard & Poor’s If the Company does not maintain the listing of the Public Securities on Nasdaq or another national securities exchange, the Company will (i) apply to be included in Standard & Poor’s Daily News and Corporation Records Corporate Descriptions for a period of five years from the consummation of a Business Combination, (ii) take such commercially reasonable steps as may be necessary to obtain a secondary market trading exemption for the Company’s securities in the State of California and (iii) take such other action as may be reasonably requested by the Representative to obtain a secondary market trading exemption in such other states as may be requested by the Representative; provided that no qualification shall be required in any jurisdiction where, as a result thereof, the Company would be subject to service of general process or to taxation as a foreign corporation doing business in such jurisdiction.

  • Trading Subject to the terms and conditions of this Agreement, Nationwide shall be appointed to, and agrees to act, as a limited agent of the Company for the sole purpose of receiving instructions from duly authorized parties for the purchase and redemption of Fund shares prior to the close of regular trading each Business Day. A "

  • Trading of the Public Securities on the Nasdaq Capital Market As of the Effective Date and the Closing Date, the Public Securities will have been authorized for listing on the Nasdaq Capital Market and no proceedings have been instituted or threatened which would effect, and no event or circumstance has occurred as of the Effective Date which is reasonably likely to effect, the listing of the Public Securities on the Nasdaq Capital Market.