Available Order Types Sample Clauses
The 'Available Order Types' clause defines the specific types of orders that parties may use when transacting under the agreement. It typically outlines which order formats—such as market orders, limit orders, or stop orders—are permitted, and may specify any restrictions or conditions for their use. By clearly listing and describing the permissible order types, this clause ensures both parties understand the mechanisms available for executing trades, thereby reducing confusion and minimizing the risk of disputes over order processing.
Available Order Types. IBIE will only accept certain types of orders for fractional Shares (e.g., market orders, limit orders, stop orders, stop limit orders, etc.). In the event that a client chooses to place an unmarketable limit order with a fractional Share component, the fractional component may not execute until the order becomes marketable (and therefore may not execute at all), even if the fractional Share component of the order might have executed earlier if submitted for a whole Share quantity.