Common use of CANCELLATION AND MODIFICATION REQUESTS Clause in Contracts

CANCELLATION AND MODIFICATION REQUESTS. The Customer agrees that the Company cannot guarantee that the Customer’s request to cancel or modify an order the Customer placed will be effective, regardless of whether such request was submitted prior to receiving notice that the order was executed or not. The Customer also acknowledges that a requested cancellation or modification of prior order will not be affected unless the Company has had sufficient time to forward the request to the relevant Marketplace, the request was received by the Marketplace, and the Marketplace had matched the request to the relevant Marketplace, the request with the Customer’s order before it was executed. The Company does not warrant that the Marketplace will match the Customer’s cancellation or modification request with the Customer’s prior order, regardless of whether such a request was received by the same Marketplace before the order was executed. The Customer further acknowledges that attempts to modify, cancel or replace an order may result in an over-execution of the order or the execution of duplicate orders, and the Customer shall be responsible for all such executions.

Appears in 2 contracts

Samples: Investment Portfolio Agreement, Investment Portfolio Agreement

AutoNDA by SimpleDocs

CANCELLATION AND MODIFICATION REQUESTS. The Customer agrees that the Company cannot guarantee that the Customer’s request to cancel or modify an order the Customer placed will be effective, regardless of whether such request was submitted prior to receiving notice that the order was executed or not. The Customer also acknowledges that a requested cancellation or modification of a prior order will not be affected effected unless the Company has had sufficient time to forward the request to the relevant Marketplace, the request was received by the Marketplace, and the Marketplace had has matched the request to the relevant Marketplace, the request with the Customer’s order before it was executed. The Company does not warrant that the Marketplace will match the Customer’s cancellation or modification request with the Customer’s prior order, regardless of whether such a request was received by the same Marketplace before the order was executed. The Customer further acknowledges that attempts to modify, cancel or replace an order may result in an over-execution of the order or the execution of duplicate orders, orders and the Customer shall be responsible for all such executions. 17. Order Routing a) All the orders of the Customer shall be executed on first come first served basis.

Appears in 1 contract

Samples: Customer Trading Account Agreement (Corporate Account)

AutoNDA by SimpleDocs

CANCELLATION AND MODIFICATION REQUESTS. The Customer agrees that the Company cannot guarantee that the Customer’s request to cancel or modify an order the Customer placed will be effective, regardless of whether such request was submitted prior to receiving notice that the order was executed or not. The Customer also acknowledges that a requested cancellation or modification of a prior order will not be affected effected unless the Company has had sufficient time to forward the request to the relevant Marketplace, the request was received by the Marketplace, and the Marketplace had has matched the request to the relevant Marketplace, the request with the Customer’s order before it was executed. The Company does not warrant that the Marketplace will match the Customer’s cancellation or modification request with the Customer’s prior order, regardless of whether such a request was received by the same Marketplace before the order was executed. The Customer further acknowledges that attempts to modify, cancel or replace an order may result in an over-execution of the order or the execution of duplicate orders, orders and the Customer shall be responsible for all such executions.

Appears in 1 contract

Samples: Investment Portfolio Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!