Arbitrage. 25.1. Internet, connectivity delays, and price feed errors sometimes create a situation where the prices displayed on Online Systems do not accurately reflect the market rates. The concept of "arbitrage" and "scalping", or taking advantage of these Internet delays, cannot exist in a Market where the client is buying or selling directly from the market maker. We do not permit the practice of arbitrage on Online Systems. Transactions that rely on price latency arbitrage opportunities may be revoked. We reserve the right to make the necessary corrections or adjustments on the Account involved. Accounts that rely on arbitrage strategies may at our sole discretion be subject to our intervention and our approval of any orders. Any dispute arising from such quoting or execution errors will be resolved by us in our sole and absolute discretion. 25.2. We shall have any obligation to contact you and advise you upon appropriate action in light of changes in market conditions or otherwise. You acknowledge that the Market is highly speculative and volatile and that, following execution of any transaction, you are solely responsible for making and maintaining contact with us for the purpose of monitoring the position and ensuring that any further instructions are given on a timely basis. In the event of any failure to do so, we can give no assurance that it will be possible for them to contact you and we accept no liability for loss alleged to be suffered as a result of any failure by you to do so. 25.3. You agree to indemnify and hold us, our Affiliates, and any of our/their directors, officers, employees and agents harmless from and against any and all liabilities, losses, damages, costs and expenses, including legal fees, incurred in connection with the provision of the services under this Annex 1 to you provided that any such liabilities, losses, damages, costs and expenses have not arisen for our negligence, fraud or wilful default.
Appears in 2 contracts
Samples: Standard Terms of Business, Standard Terms of Business
Arbitrage. 25.1. Internet, connectivity delays, and price feed errors sometimes create a situation where the prices displayed on Online Systems do not accurately reflect the market rates. The concept of "arbitrage" and "scalping", or taking advantage of these Internet delays, cannot exist in a Market where the client is buying or selling directly from the market maker. We do not permit the practice of arbitrage on Online Systems. Transactions that rely on price latency arbitrage opportunities may be revoked. We reserve the right to make the necessary corrections or adjustments on the Account involved. Accounts that rely on arbitrage strategies may at our sole discretion be subject to our intervention and our approval of any orders. Any dispute arising from such quoting or execution errors will be resolved by us in our sole and absolute discretion.
25.2. We shall have any obligation to contact you and advise you upon appropriate action in light of changes in market conditions or otherwise. You acknowledge that the Market is highly speculative and volatile and that, following execution of any transaction, you are solely responsible for making and maintaining contact with us for the purpose of monitoring the position and ensuring that any further instructions are given on a timely basis. In the event of any failure to do so, we can give no assurance that it will be possible for them to contact you and we accept no liability for loss alleged to be suffered as a result of any failure by you to do so.
25.3. You agree to indemnify and hold us, our Affiliates, and any of our/their directors, officers, employees and agents harmless from and against any and all liabilities, losses, damages, costs and expenses, including legal fees, incurred in connection with the provision of the services under this Annex 1 to you provided that any such liabilities, losses, damages, costs and expenses have not arisen for our negligence, fraud or wilful default.
Appears in 1 contract
Samples: Standard Terms of Business
Arbitrage. 25.1. 25.1 Internet, connectivity delays, and price feed errors sometimes create a situation where the prices displayed on the RoboOption Online Systems Facility do not accurately reflect the market rates. The concept of "arbitrage" and "scalping", arbitrage or taking advantage of these Internet delays, delays cannot exist in a Market where the client is buying or selling directly from the market maker. We do not permit the practice of arbitrage on the RoboOption Online SystemsFacility. Transactions that rely on price latency arbitrage opportunities may be revoked. We reserve the right to make the necessary corrections or adjustments on the Account account involved. Accounts that rely on arbitrage strategies may at our sole discretion be subject to our intervention and our approval of any orders. Any dispute arising from such quoting or execution errors will be resolved by us in our sole and absolute discretion.
25.2. 25.2 We shall have any obligation to contact you and advise you upon appropriate action in light of changes in market conditions or otherwise. You acknowledge that the Market is highly speculative and volatile and that, following execution of any transaction, you are solely responsible for making and maintaining contact with us for the purpose of monitoring the position and ensuring that any further instructions are given on a timely basis. In the event of any failure to do so, we can give no assurance that it will be possible for them to contact you and we accept no liability for loss alleged to be suffered as a result of any failure by you to do so.
25.3. 25.3 You agree to indemnify and hold us, our Affiliates, and any of our/our/ their directors, officers, employees and agents harmless from and against any and all liabilities, losses, damages, costs and expenses, including legal fees, incurred in connection with the provision of the services under this Annex 1 to you provided that any such liabilities, losses, damages, costs and expenses have not arisen for our negligence, fraud or wilful willful default.
Appears in 1 contract
Samples: Client Agreement
Arbitrage. 25.126.1. Internet, connectivity delays, and price feed errors sometimes create a situation where the prices displayed on Finalto Online Systems do not accurately reflect the market rates. The concept of "arbitrage" arbitrage and "scalping", or taking advantage of these Internet delays, cannot exist in a Market where the client is buying or selling directly from the market maker. We do not permit the practice of arbitrage on Finalto Online Systems. Transactions that rely on price latency arbitrage opportunities may be revoked. We reserve the right to make the necessary corrections or adjustments on the Account involved. Accounts that rely on arbitrage strategies may at our sole discretion be subject to our intervention and our approval of any orders. Any dispute arising from such quoting or execution errors will be resolved by us in our sole and absolute discretion.
25.226.2. We shall have any obligation to contact you and advise you upon appropriate action in light of changes in market conditions or otherwise. You acknowledge that the Market is highly speculative and volatile and that, following execution of any transaction, you are solely responsible for making and maintaining contact with us for the purpose of monitoring the position and ensuring that any further instructions are given on a timely basis. In the event of any failure to do so, we can give no assurance that it will be possible for them to contact you and we accept no liability for loss alleged to be suffered as a result of any failure by you to do so.
25.326.3. You agree to indemnify and hold us, our Affiliates, and any of our/their directors, officers, employees and agents harmless from and against any and all liabilities, losses, damages, costs and expenses, including legal fees, incurred in connection with the provision of the services under this Annex 1 to you provided that any such liabilities, losses, damages, costs and expenses have not arisen for our negligence, fraud or wilful default.
Appears in 1 contract
Samples: Terms of Business
Arbitrage. 25.126.1. Internet, connectivity delays, and price feed errors sometimes create a situation where the prices displayed on Finalto Online Systems do not accurately reflect the market rates. The concept of "arbitrage" arbitrage and "scalping", or taking advantage of these Internet delays, cannot exist in a Market where the client is buying or selling directly from the market maker. We do not permit the practice of arbitrage on Finalto Online Systems. Transactions that rely on price latency arbitrage opportunities may be revoked. We reserve the right to make the necessary corrections or adjustments on the Account involved. Accounts that rely on arbitrage strategies may at our sole discretion be subject to our intervention and our approval of any orders. Any dispute arising from such quoting or execution errors will be resolved by us in our sole and absolute discretion.
25.226.2. We shall not have any obligation to contact you and advise you upon appropriate action in light of changes in market conditions or otherwise. You acknowledge that the Market is highly speculative and volatile and that, following execution of any transaction, you are solely responsible for making and maintaining contact with us for the purpose of monitoring the position and ensuring that any further instructions are given on a timely basis. In the event of any failure to do so, we can give no assurance that it will be possible for them to contact you and we accept no liability for loss alleged to be suffered as a result of any failure by you to do so.
25.326.3. You agree to indemnify and hold us, our Affiliates, and any of our/their directors, officers, employees and agents harmless from and against any and all liabilities, losses, damages, costs and expenses, including legal fees, incurred in connection with the provision of the services under this Annex 1 to you provided that any such liabilities, losses, damages, costs and expenses have not arisen for our negligence, fraud or wilful default.
Appears in 1 contract
Samples: Odp to FSP Liquidity Terms