Common use of CANCELLATION OF TRANSACTIONS Clause in Contracts

CANCELLATION OF TRANSACTIONS. The Company has the right to cancel a transaction if it has adequate reasons / evidence to believe that one of the following has incurred: (a) Fraud / illegal actions led to the transaction, (b) Orders placed on prices that have been displayed as a result of system errors or systems malfunctions either of those of the Company or of its third party service providers. (c) The Company has not acted upon Client’s instructions. (d) The Transaction has been performed in violation to the provisions of this Agreement. (e) The Company reserves the right to cancel executed trades if the trade cancellation feature is abused. An acceptable rate of cancellation is 1 cancelled trade per 5 executed trades. A rate of cancellation equal or higher than 0.2 cancelled trades per executed trade will be considered abuse of the cancellation feature. The Company offers clients the ability to cancel trades within 3 seconds of opening the position, if they find the position to be undesirable.

CANCELLATION OF TRANSACTIONS. The Company has the right to cancel a transaction if it has adequate reasons / evidence to believe that one of the following has incurred: (a) Fraud / illegal actions led to the transaction, (b) Orders placed on prices that have been displayed as a result of system errors or systems malfunctions either of those of the Company or of its third party service providers. (c) The Company has not acted upon Client’s instructions. (d) The Transaction has been performed in violation to the provisions of this Agreement. (e) The Company reserves the right to cancel executed trades if the trade cancellation feature is abused. An acceptable rate of cancellation is 1 cancelled canceled trade per 5 executed trades. A rate of cancellation equal or higher than 0.2 cancelled canceled trades per executed trade will be considered abuse of the cancellation feature. The Company offers clients the ability to cancel trades within 3 seconds of opening the position, if they find the position to be undesirable.