Common use of Arbitrage Clause in Contracts

Arbitrage. There are certain situations, including, but not limited to, internet issues, connectivity delays and/or price feed errors, where prices displayed on the Trading Platform or any other licensed trading platform are inaccurate and do not reflect proper market rates. Taking advantage of these Internet delays or issues, otherwise known as latency arbitrage or “scalping,” is a detrimental manipulation of the OTC market and cannot be permitted where clients directly buy or sell from the market maker. Therefore, the practice of latency arbitrage is strictly forbidden and constitutes a material breach of the Agreement. FXDD reserves the right to revoke any transaction that relies upon price latency arbitrage opportunities. FXDD further reserves the right to amend, correct, or adjust as necessary any account involved in arbitrage. At FXDD’s sole discretion, any such accounts may be subject to risk desk intervention including specific approval of any and all orders or even termination of an account, including any other related account established by the Client. Any dispute arising from such arbitrage and/or manipulation will be resolved in FXDD’s sole and absolute discretion. Until such matters reach a resolution, FXDD reserves its right to place a hold on any account withdrawals. Notwithstanding any actions or resolution, it may have under this provision, FXDD expressly reserves its right to further pursue any and all rights and remedies it may have against the Client. Nothing stated herein shall act as a waiver or prejudice such rights or remedies.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

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Arbitrage. There are certain situations, including, but not limited to, internet issues, connectivity delays and/or price feed errors, where prices displayed on the Trading Platform or any other licensed trading platform are inaccurate and do not reflect proper market rates. Taking advantage of these ofthese Internet delays or issuesorissues, otherwise known as latency arbitrage or “scalpingor“scalping,” is a isa detrimental manipulation of the ofthe OTC market and cannot be permitted where clients directly buy or sell from the market maker. Therefore, the practice of latency arbitrage is strictly forbidden and constitutes a material breach of the Agreement. FXDD Tradeview Ltd. reserves the right to revoke any transaction that relies upon price latency arbitrage opportunities. FXDD Tradeview Ltd. further reserves the right to amend, correct, or adjust as necessary any account involved in arbitrage. At FXDDTradeview Ltd’s sole discretion, any such accounts may be subject to risk desk intervention including specific approval of any and all orders or even termination of an account, including any other related account established by the Client. Any dispute arising from such arbitrage and/or manipulation will be resolved in FXDDTradeview Ltd’s sole and absolute discretion. Until such matters reach a resolution, FXDD Tradeview Ltd. reserves its right to place a hold on any account withdrawals. Notwithstanding any actions or resolution, it may have under this provision, FXDD Tradeview Ltd. expressly reserves its right to further pursue any and all rights and remedies it may have against the Client. Nothing stated herein shall act as a waiver or prejudice such rights or remedies.

Appears in 1 contract

Samples: Client Agreement

Arbitrage. There are certain situations, including, but not limited to, internet issues, connectivity delays and/or price feed errors, where prices displayed on the Trading Platform or any other licensed trading platform are inaccurate and do not reflect proper market rates. Taking advantage of these Internet delays or issues, otherwise known as latency arbitrage or “scalping,” is a detrimental manipulation of the OTC market and cannot be permitted where clients directly buy or sell from the market maker. Therefore, the practice of latency arbitrage is strictly forbidden and constitutes a material breach of the Agreement. FXDD reserves the right to revoke any transaction that relies upon price latency arbitrage opportunities. FXDD further reserves the right to amend, correct, or adjust as necessary any account involved in arbitrage. At FXDD’s sole discretion, any such accounts may be subject to risk desk intervention including specific approval of any and all orders or even termination of an account, including any other related account established by the Client. Any dispute arising from such arbitrage and/or manipulation will be resolved in FXDD’s sole and absolute discretion. Until such matters reach a resolution, FXDD reserves its right to place a hold on any account withdrawals. Notwithstanding any actions or resolution, it may have under this provision, FXDD expressly reserves its right to further pursue any and all rights and remedies it may have against the Client. Nothing stated herein shall act as a waiver or prejudice such rights or remedies.

Appears in 1 contract

Samples: Customer Agreement

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Arbitrage. There are certain situations, including, but not limited to, internet issues, connectivity delays and/or price feed errors, where prices displayed on the Trading Platform or any other licensed trading platform are inaccurate and do not reflect proper market rates. Taking advantage of these Internet delays or issues, otherwise known as latency arbitrage or “scalping,” is a detrimental manipulation of the OTC market and cannot be permitted where clients directly buy or sell from the market maker. Therefore, Therefore the practice of latency arbitrage is strictly forbidden and constitutes a material breach of the Agreement. FXDD reserves the right to revoke any transaction that relies upon price latency arbitrage opportunities. FXDD further reserves the right to amend, correct, or adjust as necessary any account involved in arbitrage. At FXDD’s sole discretion, any such accounts may be subject to risk desk intervention including specific approval of any and all orders or even termination of an account, including any other related account established by the Client. Any dispute arising from such arbitrage and/or manipulation will be resolved in FXDD’s sole and absolute discretion. Until such matters reach a resolution, FXDD reserves its right to place a hold on any account withdrawals. Notwithstanding any actions or resolution, resolution it may have under this provision, FXDD expressly reserves its right to further pursue any and all rights and remedies it may have against the Client. Nothing stated herein shall act as a waiver or prejudice such rights or remedies.

Appears in 1 contract

Samples: Customer Agreement

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