Common use of Client’s Orders/Instructions Clause in Contracts

Client’s Orders/Instructions. The Client understands and acknowledges that all orders executed between the Client and the Company are orders executed outside a regulated market or MTF. The Client may give instructions to the Company in (a) writing and duly signed or (b) by electronic means provided that the Company is satisfied, at its absolute discretion, of the caller’s/Client’s identity and clarity of instructions. The Company may refuse the Client the execution of Transactions in case of lack of clarity, or if the instructions do not include essential operations such as opening position, closing position, changing or removing Orders. In case of an Order received by the Company by means other than through the Electronic Trading Platform, the Order will be transmitted by the Company to the Electronic Trading Platform and processed as if it was received by the Client through the Electronic Trading Platform. The Client may send instructions for the following types of orders: • A market order, and/or • A pending order In terms of pending orders, the Client may send an instruction for: i. Buy Limit: An order to buy a contract at a specified price lower than the current market price; the price is set above the current market price and the order is triggered when the market price reaches the ‘limit price’ instructions. Buy Limit orders once triggered are executed at the ‘limit price’ or better.

Client’s Orders/Instructions. The Client understands and acknowledges that all orders executed between the Client and the Company are orders executed outside a regulated market or MTF. The Client may give instructions to the Company in (a) writing and duly signed or (b) by electronic means provided that the Company is satisfied, at its absolute discretion, of the caller’s/Client’s identity and clarity of instructions. The Company may refuse the Client the execution of Transactions in case of lack of clarity, or if the instructions do not include essential operations such as opening position, closing position, changing or removing Orders. In case of an Order received by the Company by means other than through the Electronic Trading Platform, the Order will be transmitted by the Company to the Electronic Trading Platform and processed as if it was received by the Client through the Electronic Trading Platform. The Client may send instructions for the following types of orders: • A market order, and/or • A pending order In terms of pending orders, the Client may send an instruction for: i. Buy Limit: An order to buy a contract at a specified price lower than the current market price; the price is set above the current market price and the order is triggered when the market price reaches the ‘limit price’ instructions. Buy Limit orders once triggered are executed at the ‘limit price’ or better’.