Common use of Authorization to Trade for Customer’s Account Clause in Contracts

Authorization to Trade for Customer’s Account. Subject to the terms of this Agreement and all related agreements, including the Risk Disclosure Statement and Service Provider Trading Policies herein, the Customer Account Application and any applicable Addenda thereto, Customer authorizes Service Provider and its Technology Providers to instruct the designated counterparty or counterparties to enter, purchase, sell, and clear Contracts on a spot basis for the Customer’s Account in accordance with Customer’s electronic, written or oral instructions received through the Service Provider Internet Trading Platform, an online trading system. Customer agrees to be responsible for any transaction instruction received by Service Provider either electronically via the Service Provider Internet Trading Platform. Before executing a transaction, Customer is required to provide the Access Code authorization electronically via a login procedure. Service Provider may use such information to authenticate the Customer and allow the Customer the authorized Service Provider Account for that authentication for the purpose of transactions under this Agreement. If Customer’s Account is a Joint Account, Service Provider is authorized to act on the instructions of any one owner without further inquiry, with regard to trading in the Account and/or the disposition of any and all assets in the Account. Service Provider shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by Service Provider and any of its employees in reliance on any such instructions or on the apparent authority of any such authorized person(s).

Authorization to Trade for Customer’s Account. Subject to the terms of this Agreement and all related agreements, including the Risk Disclosure Statement and Service Provider Trading Policies herein, the Customer Account Application and any applicable Addenda thereto, Customer authorizes Service Provider and its Technology Providers to instruct the designated counterparty or counterparties to enter, purchase, sell, and clear Contracts on a spot spot, forward or future basis for the Customer’s 's Account in accordance with Customer’s 's electronic, written or oral instructions received through the Service Provider Internet Trading Platform, an online trading system. Customer agrees to be responsible for any transaction instruction received by Service Provider either electronically via the Service Provider Internet Trading Platform. Before executing a transaction, Customer is required to provide the Access Code authorization electronically via a login procedure. Service Provider may use such information to authenticate the Customer and allow the Customer the authorized Service Provider Account for that authentication for the purpose of transactions under this Agreement. If Customer’s 's Account is a Joint Account, Service Provider is authorized to act on the instructions of any one owner without further inquiry, with regard to trading in the Account and/or the disposition of any and all assets in the Account. Service Provider shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by Service Provider and any of its employees in reliance on any such instructions or on the apparent authority of any such authorized person(s).