Common use of COMMUNICATION BETWEEN THE CLIENT AND THE COMPANY Clause in Contracts

COMMUNICATION BETWEEN THE CLIENT AND THE COMPANY. CLIENT’S ORDERS 17.1. All notices and communications supplied by the Company in conformity with this Agreement, including Account statements and Transaction confirmations, may, at the Company’s discretion, be sent to the Client by e-mail or made available in the Client’s Account on the Trading Platform. However, the account information posted on the Company’s Trading Platform shall be conclusive evidence of the Client’s transactions and/or contracts, open positions, margin and cash balances, and shall be conclusive and binding on the Client. 17.2. All notices/information provided by the Company or received from the Clients should be in English. Translation or information provided in languages other than English in our website is for informational purposes only and do not bind us or have any legal effect whatsoever; we have no responsibility or liability regarding the correctness of the information therein. 17.3. Such notices/communications shall be deemed to have been received by the Client and transmitted in the proper manner once the Company has placed them on the Platform or sent them by e- mail. The Company shall not be liable for any delay, modification, re- routing or any other modification that the message might undergo after being sent by the Company. 17.4. The Company shall accept the following communication methods used by the Client to con- tact and transmit instructions to the Company: • orders placed in the Trading Terminal of the Client; • orders placed in writing and duly signed; • orders placed by telephone; and • orders placed by live “chat”. 17.5. The Client is given the option to place with the Company the following Orders for execution: • The Client places a “Market Order” which is an Order instantly executed against a price that the Company has provided. The Client may attach to a Market Order a Stop Loss and/or Take Profit. Stop Loss is an Order to limit Client’s loss, whereas Take Profit is an Order to limit Client’s profit. • The Client places a “Pending Order“, which is an Order to be executed at a later time at the price that the Client specifies. The Company will monitor the Pending Order and when the price provided by the Company reaches the price specified by the Client, the Order will be executed at that price. The following types of Pending Orders are available: Buy Limit, Buy Stop, Sell Limit and Sell Stop. The Client may attach to any Pending Order a Stop Loss and/ or Take Profit. • The Company will cancel any Orders that remain non-executed for three months from the date the Order was placed. 17.6. The Client will have the right to change the communication method he uses with the Company at any time and the Company shall not make any checks in relation to this, and accepts these two communication methods. 17.7. The Client confirms that he is aware of the risks associated with using these communication methods, in particular the risks that could result from a fault or a misunderstanding at the time instructions are transmitted. The Client declares that he assumes responsibility for all consequences that could result there from. 17.8. The Company shall not incur any liability by refusing to carry out orders given by a person whose identity has not in its opinion been sufficiently verified. 17.9. The Client shall be responsible for all orders and for the accuracy of all information sent via Internet following the use of the Client’s name, his password or any other personal identification method set up to identify the Client, regardless of who the actual user is. Any person who identifies himself in accordance with the Client’s identification methods shall be considered as being authorised to use the Company’s services. The Company shall consider such orders or communications as having been authorised and issued by the Client. It is the Client’s responsibility to keep passwords confidential and to prevent unauthorised use of his passwords and his Trading Terminals. 17.10. For the orders placed in writing, the Company will verify the Client’s signature with the sample signatures lodged with the Company. The Company shall not be liable for any fraud and/or lack of identification that it has not been discovered. 17.11. Prior to any transfer order, the Company may request an original written confirmation duly signed by the Client. 17.12. For orders placed by telephone, the Company will verify the Client’s identity and then transmit the order. The Company has the right not to transmit the order if the actions of the Client are not clear and do not include all the required data. 17.13. Orders received by the Company in any means other than through the Trading Platform, will be transmitted by the Company to the Trading Platform and processed in the same way as though it was received through the Trading Platform. 17.14. Any order sent by the Client via the Trading Platform shall only be considered as having been received, and shall not constitute a valid instruction and/or a Contract between the Company and the Client, until the instruction has been registered as executed by the Company and con- firmed to the Client by means of a Transaction confirmation. 17.15. The Company bears no responsibility for delays or errors occurring during the transmission of orders or other communication messages via computer, for the accuracy of information received via computer or for any loss that may be incurred by the Client as a result of the inaccuracy of this information. 17.16. The Client has the right to use a Power of Attorney to authorise a third person (representative) to act on behalf of the Client in all business relationships with the Company as defined in this Agreement. The Power of Attorney should be provided to the Company, accompanied by all the requested identification documents of the representative. If there is no expiry date, the Power of Attorney will be considered valid until revoked by a written termination by the Client. 17.17. The Company has the right to refuse to transmit a Client’s order for execution without giving any notice and/or explanation to the Client. Among, but not limited to, the cases that the Company is entitled to do so are the following: • If the Client does not have the required funds deposited in the Company’s Client Account; • If the order violates the smooth operation of the Trading Platform; • If the order is a result of the use of inside confidential information (xxxxxxx xxxxxxx); and • If the order aims at manipulating the market of the specific Financial Instrument; • If the order aims to legalise the proceeds from illegal acts or activities (i.e. money laundering). 17.18. The Client needs to be aware that the Company will refuse to accept or it may cancel any orders placed and/or executed via the Trading Terminal without any notice if it comes to its attention that the logic behind those orders is to abuse the whole system (i.e. use of specific expert advisors to generate volume by opening and closing positions at the same price) in or- der this way to gain unfairly benefits for the Client and which is beyond the traditional cope of fair trading. 17.19. The Company, at its own discretion and without notice, might impose on an account or instrument basis a limit on the Net Open Position. The company has the right to reject to open any new positions if the result after opening the positions would increase the Net Open Position of a certain instrument above the limit set. 17.20. The Client understands that reports and confirmations of order executions, cancellations or modifications may be erroneous for various reasons. Such confirmations are also subject to change at the Company’s discretion, in which case the Client shall be bound by the actual or- der execution, so long as it is consistent with the Client’s order. In the event that the Company confirms an execution or cancellation in error and the Client unreasonably delays in reporting such an error more than 24 hours, the Company reserves the right to require from the Client to accept the trade, or remove the trade from the Client’s Account, in the Company’s sole discretion.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

AutoNDA by SimpleDocs

COMMUNICATION BETWEEN THE CLIENT AND THE COMPANY. CLIENT’S ORDERS 17.1. 15.1 All notices and communications supplied by the Company in conformity with this Agreement, including Account statements and Transaction confirmations, may, at the Company’s discretion, be sent to the Client by e-mail or made available in the Client’s Account on the Trading Platform. However, the account information posted on the Company’s Trading Platform shall be conclusive evidence of the Client’s transactions and/or contracts, open positions, margin and cash balances, and shall be conclusive and binding on the Client. 17.2. 15.2 All notices/information provided by the Company or received from the Clients should be in English. Translation or information provided in languages other than English in our website is for informational purposes only and do not bind us or have any legal effect whatsoever; we have no responsibility or liability regarding the correctness of the information therein. 17.3. Such notices15.3 Suchnotices/communications shall be deemed to have been received by the Client and transmitted in the proper manner once the Company has placed them on the Platform or sent them by e- mail. The Company Compa- ny shall not be liable for any delay, modification, re- re-routing or any other modification that the message might undergo after being sent by the Company. 17.4. 15.4 The Company shall accept the following communication methods used by the Client to con- tact contact and transmit instructions to the Company: • orders placed in the Trading Terminal of the Client; • orders placed in writing and duly signed; • orders placed by telephone; and • orders placed by live “chat”.” Page13 Email : xxxxxxx@xxxxxxxxxxxxxx.xxx 17.5. 15.5 The Client is given the option to place with the Company the following Orders for execution: • The Client places a “Market Order” which is an Order instantly executed against a price that the Company has provided. The Client may attach to a Market Order a Stop Loss and/or Take Profit. Stop Loss is an Order to limit Client’s loss, whereas Take Profit is an Order to limit Client’s profit. • The Client places a “Pending Order“, which is an Order to be executed at a later time at the price that the Client specifies. The Company will monitor the Pending Order and when the price provided by the Company reaches the price specified by the Client, the Order will be executed at that price or the first available price. .. The following types of Pending Orders are available: Buy Limit, Buy Stop, Sell Limit and Sell Stop. The Client may attach to any Pending Order a Stop Loss and/ or and/or Take Profit. • The Company will cancel any Orders that remain non-non executed for three months from the date the Order was placed. 17.6. 15.6 The Client will have the right to change the communication method he uses with the Company at any time and the Company shall not make any checks in relation to this, and accepts these two communication methods. 17.7. 15.7 The Client confirms that he is aware of the risks associated with using these communication methods, in particular ; inparticular the risks that could result from a fault or a misunderstanding amisunderstanding at the time instructions are transmitted. The Client declares that he assumes responsibility for all consequences that could result there from. 17.8. 15.8 The Company shall not shallnot incur any liability by refusing to carry out orders given by a person whose identity has not in its opinion been sufficiently sufciently verified. 17.9. 15.9 The Client shall be responsible for all orders and for the accuracy of all information sent via Internet following the use of the Client’s name, his password or any other personal identification method set up to identify the Client, regardless of who the actual user is. Any person who identifies himself in accordance with the Client’s identification methods shall be considered as being authorised to use the Company’s services. The Company shall consider such orders or communications as having been authorised and issued by the Client. It is the Client’s responsibility to keep passwords confidential and to prevent unauthorised use of his passwords and his Trading Terminals. 17.10. 15.10 For the orders placed in writing, the Company will verify the Client’s signature with the sample signatures lodged with the Company. The Company shall not be liable for any fraud and/or lack of identification that it has not been discovered. 17.11. 15.11 Prior to any transfer order, the Company may request an original written confirmation duly signed by the Client. 17.12. 15.12 For orders placed by telephone, the Company will verify the Client’s identity and then transmit the order. The Company has the right not to transmit the order if the actions of the Client are not clear and do not include all the required data.. Page14 17.13. 15.13 Orders received by the Company in any means other than through the Trading Platform, will be transmitted by the Company to the Trading Platform and processed in the same way as though it was received through Email : xxxxxxx@xxxxxxxxxxxxxx.xxx the Trading Platform. 17.14. 15.14 Any order sent by the Client via the Trading Platform shall only be considered as having been received, and shall not constitute a valid instruction and/or a Contract between the Company and the Client, until the instruction has been registered as executed by the Company and con- firmed confirmed to the Client by means of a Transaction confirmation. 17.15. 15.15 The Company bears no responsibility for delays or errors occurring during the transmission of orders or other communication messages via computer, for the accuracy of information received via computer or for any loss that may be incurred by the Client as a result of the inaccuracy of this information. 17.16. 15.16 The Client has the right to use a Power of Attorney to authorise a third person (representative) to act on behalf of the Client in all business relationships with the Company as defined in this Agreement. The Power of Attorney should be provided to the Company, accompanied by all the requested identification documents of the representative. If there is no expiry date, the Power of Attorney will be considered valid until revoked by a written termination by the Client. 17.17. 15.17 The Company has the right to refuse to transmit a Client’s order for execution without giving any notice and/or explanation to the Client. Among, but not limited to, the cases that the Company is entitled to do so are the following: • If the Client does not have the required funds deposited in the Company’s Client Account; • If the order violates the smooth operation of the Trading Platform; • If the order aims at manipulating the market of the specific Financial Instrument; • If the order is a result of the use of inside confidential information (xxxxxxx xxxxxxx); and • If the order aims at manipulating the market of the specific Financial Instrument; • If the order aims to legalise the proceeds from illegal acts or activities (i.e. money laundering). 17.18. 15.18 The Client needs to be aware that the Company will refuse to accept or it may cancel any orders placed and/or executed via the Trading Terminal without any notice if it comes to its attention that the logic behind those orders is to abuse the whole system (i.e. use of specific expert advisors to generate volume by opening and closing positions at the same price) in or- der order this way to gain unfairly benefits for the Client and which is beyond the traditional cope scope of fair trading. 17.19. 15.19 The Company, at its own discretion and without notice, might impose on an account or instrument basis a limit on the Net Open Position. The company has the right to reject to open any new positions if the result after opening the positions would increase the Net resultafteropeningthepositionswouldincreasetheNet Open Position of a certain instrument above the limit setPositionofacertaininstrumentabovethelimitset. 17.20. 15.20 The Client understands that reports and confirmations of order executions, cancellations or modifications may be erroneous for various reasons. Such confirmations are also subject to change at the Company’s discretion, in which case the Client shall be bound by the actual or- der order execution, so long as it is consistent with the Client’s order. In the event that the Company confirms an execution or cancellation in error and the Client unreasonably delays in reporting such an error more than 24 hours, the Company reserves the right to require from the Client to accept the trade, or remove the trade from the Client’s Account, in the Company’s sole discretion.

Appears in 1 contract

Samples: Client Agreement

COMMUNICATION BETWEEN THE CLIENT AND THE COMPANY. CLIENT’S ORDERS 17.118.1. All notices and communications supplied by the Company in conformity with this Agreement, including Account statements and Transaction confirmations, may, at the Company’s discretion, be sent to the Client by e-mail or made available in the Client’s Account on the Trading Platform. However, the account information posted on the Company’s Trading Platform shall be conclusive evidence of the Client’s transactions and/or contracts, open positions, margin and cash balances, and shall be conclusive and binding on the Client. 17.218.2. All notices/information provided by the Company or received from the Clients should be in English. Translation or information provided in languages other than English in our website is for informational purposes only and do not bind us or have any legal effect whatsoever; we have no responsibility or liability regarding the correctness of the information therein. 17.318.3. Such notices/communications shall be deemed to have been received by the Client and transmitted in the proper manner once once, the Company has placed them on the Platform or sent them by e- e-mail. The Company shall not be liable for any delay, modification, re- re-routing or any other modification that the message might undergo after being sent by the Company. 17.418.4. The Company shall accept the following communication methods used by the Client to con- tact contact and transmit instructions to the Company: • orders placed in the Trading Terminal of the Client; • orders placed in writing and duly signed; • orders placed by telephone; and • orders placed by live “chat”. 17.518.5. The Client is given the option to place with the Company the following Orders for execution: • The Client places a “Market Order” which is an Order instantly executed against a price that the Company has provided. The Client may attach to a Market Order a Stop Loss and/or Take Profit. Stop Loss is an Order to limit Client’s loss, whereas Take Profit is an Order to limit Client’s profit. • The Client places a “Pending Order, which is an Order to be executed at a later time at the price that the Client specifies. The Company will monitor the Pending Order and when the price provided by the Company reaches the price specified by the Client, the Order will be executed at that price or the first available price. The following types of Pending Orders are available: Buy Limit, Buy Stop, Sell Limit and Sell Stop. The Client may attach to any Pending Order a Stop Loss and/ or and/or Take Profit. • The Company will cancel any Orders that remain non-non executed for three months from the date the Order was placed. 17.618.6. The Client will have the right to change the communication method he uses with the Company at any time and the Company shall not make any checks in relation to this, and accepts these two communication methods. 17.718.7. The Client confirms that he is aware of the risks associated with using these communication methods, in particular the risks that could result from a fault or a misunderstanding at the time instructions are transmitted. The Client declares that he assumes responsibility for all consequences that could result there from. 17.818.8. The Company shall not incur any liability by refusing to carry out orders given by a person whose identity has not in its opinion been sufficiently verified. 17.918.9. The Client shall be responsible for all orders and for the accuracy of all information sent via Internet following the use of the Client’s name, his password or any other personal identification method set up to identify the Client, regardless of who the actual user is. Any person who identifies himself in accordance with the Client’s identification methods shall be considered as being authorised to use the Company’s services. The Company shall consider such orders or communications as having been authorised and issued by the Client. It is the Client’s responsibility to keep passwords confidential and to prevent unauthorised use of his passwords and his Trading Terminals. 17.1018.10. For the orders placed in writing, the Company will verify the Client’s signature with the sample signatures lodged with the Company. The Company shall not be liable for any fraud and/or lack of identification that it has not been discovered. 17.1118.11. Prior to any transfer order, the Company may request an original written confirmation duly signed by the Client. 17.1218.12. For orders placed by telephone, the Company will verify the Client’s identity and then transmit the order. The Company has the right not to transmit the order if the actions of the Client are not clear and do not include all the required data. 17.1318.13. Orders received by the Company in any means other than through the Trading Platform, will be transmitted by the Company to the Trading Platform and processed in the same way as though it was received through the Trading Platform. 17.1418.14. Any order sent by the Client via the Trading Platform shall only be considered as having been received, and shall not constitute a valid instruction and/or a Contract between the Company and the Client, until the instruction has been registered as executed by the Company and con- firmed confirmed to the Client by means of a Transaction confirmation. 17.1518.15. The Company bears no responsibility for delays or errors occurring during the transmission of orders or other communication messages via computer, for the accuracy of information received via computer or for any loss that may be incurred by the Client as a result of the inaccuracy of this information. 17.1618.16. The Client has the right to use a Power of Attorney to authorise a third person (representative) to act on behalf of the Client in all business relationships with the Company as defined in this Agreement. The Power of Attorney should be provided to the Company, accompanied by all the requested identification documents of the representative. If there is no expiry date, the Power of Attorney will be considered valid until revoked by a written termination by the Client. 17.1718.17. The Company has the right to refuse to transmit a Client’s order for execution without giving any notice and/or explanation to the Client. Among, but not limited to, the cases that the Company is entitled to do so are the following: • If the Client does not have the required funds deposited in the Company’s Client Account; • If the order violates the smooth operation of the Trading Platform; • If the order aims at manipulating the market of the specific Financial Instrument; • If the order is a result of the use of inside confidential information (xxxxxxx xxxxxxx); and • If the order aims at manipulating the market of the specific Financial Instrument; • If the order aims to legalise the proceeds from illegal acts or activities (i.e. money laundering). 17.1818.18. The Client needs to be aware that the Company will refuse to accept or it may cancel any orders placed and/or executed via the Trading Terminal without any notice if it comes to its attention that the logic behind those orders is to abuse the whole system (i.e. use of specific expert advisors to generate volume by opening and closing positions at the same price) in or- der order this way to gain unfairly benefits for the Client and which is beyond the traditional cope scope of fair trading. 17.1918.19. The Company, at its own discretion and without notice, might impose on an account or instrument basis a limit on the Net Open Position. The company has the right to reject to open any new positions if the result after opening the positions would increase the Net Open Position of a certain instrument above the limit set. 17.2018.20. Please note that it is within the rights of the company and without any prior notice to the client to set an instrument in a close only mode. Therefore, the client consents and acknowledges that he/she will not be able to open new positions on a certain instrument but only to close the existing ones. 18.21. The Client understands that reports and confirmations of order executions, cancellations or modifications may be erroneous for various reasons. Such confirmations are also subject to change at the Company’s discretion, in which case the Client shall be bound by the actual or- der order execution, so long as it is consistent with the Client’s order. In the event that the Company confirms an execution or cancellation in error and the Client unreasonably delays in reporting such an error more than 24 hours, the Company reserves the right to require from the Client to accept the trade, or remove the trade from the Client’s Account, in the Company’s sole discretion.

Appears in 1 contract

Samples: Client Agreement

COMMUNICATION BETWEEN THE CLIENT AND THE COMPANY. CLIENT’S ORDERS 17.1. 15.1 All notices and communications supplied by the Company in conformity with this Agreement, including Account account statements and Transaction confirmations, may, at the Company’s discretion, be sent to the Client by e-mail or made available in the Client’s Account on the Trading Platform. However, the account information posted on the Company’s Trading Platform shall be conclusive evidence of the Client’s transactions and/or contracts, open positions, margin and cash balances, and shall be conclusive and binding on the Client. 17.2. 15.2 All notices/information provided by the Company or received from the Clients should be in English. Translation or information provided in languages other than English in our website is for informational purposes only and do not bind us or have any legal effect whatsoever; we have no responsibility or liability regarding the correctness of the information therein. 17.3. 15.3 Such notices/communications shall be deemed to have been received by the Client and transmitted in the proper manner once the Company has placed them on the Platform or sent them by e- e-mail. The Company shall not be liable for any delay, modification, re- re-routing or any other modification that the message might undergo after being sent by the Company. 17.4. 15.4 The Company shall accept the following communication methods used by the Client to con- tact contact and transmit instructions to the Company: • orders placed in the Trading Terminal of the Client; • orders placed in writing and duly signed; • orders placed by telephone; and • orders placed by live “chat”.: 17.5. 15.5 The Client is given the option to place with the Company the following Orders for execution: • The Client places a “Market Order” which is an Order instantly executed against a price that the Company has provided. The Client may attach to a Market Order a Stop Loss and/or Take Profit. Stop Loss is an Order to limit Client’s loss, whereas Take Profit is an Order to limit Client’s profit. • The Client places a “Pending Order“, which is an Order to be executed at a later time at the price that the Client specifies. The Company will monitor the Pending Order and when the price provided by the Company reaches the price specified by the Client, the Order will be executed at that price. The following types of Pending Orders are available: Buy Limit, Buy Stop, Sell Limit and Sell Stop. The Client may attach to any Pending Order a Stop Loss and/ or Take Profit. • The Company will cancel any Orders that remain non-executed for three months from the date the Order was placed.: 17.6. 15.6 The Client will have the right to change the communication method he uses with the Company at any time and the Company shall not make any checks in relation to this, and accepts these two communication methods. 17.7. 15.7 The Client confirms that he is aware of the risks associated with using these communication methods, methods in particular the risks that could result from a fault or a misunderstanding at the time instructions are transmitted. The Client declares that he assumes responsibility for all consequences that could result there from. 17.8. 15.8 The Company shall not incur any liability by refusing to carry out orders given by a person whose identity has not in its opinion been sufficiently verified. 17.9. 15.9 The Client shall be responsible for all orders and for the accuracy of all information sent via Internet following the use of the Client’s name, his password or any other personal identification method set up to identify the Client, regardless of who the actual user is. Any person who identifies himself in accordance with the Client’s identification methods shall be considered as being authorised to use the Company’s services. The Company shall consider such orders or communications as having been authorised and issued by the Client. It is the Client’s responsibility to keep passwords confidential and to prevent unauthorised use of his passwords and his Trading Terminals. 17.10. 15.10 For the orders placed in writing, the Company will verify the Client’s signature with the sample signatures lodged with the Company. The Company shall not be liable for any fraud and/or lack of identification that it has not been discovered. 17.11. 15.11 Prior to any transfer order, the Company may request an original written confirmation duly signed by the Client. 17.12. 15.12 For orders placed by telephone, the Company will verify the Client’s identity and then transmit the order. The Company has the right not to transmit the order if the actions of the Client are not clear and do not include all the required data. 17.13. 15.13 Orders received by the Company in any means other than through the Trading Platform, will be transmitted by the Company to the Trading Platform and processed in the same way as though it was received through the Trading Platform. 17.14. 15.14 Any order sent by the Client via the Trading Platform shall only be considered as having been received, and shall not constitute a valid instruction and/or a Contract between the Company and the Client, until the instruction has been registered as executed by the Company and con- firmed confirmed to the Client by means of a Transaction confirmation. 17.15. 15.15 The Company bears no responsibility for delays or errors occurring during the transmission of orders or other communication messages via computer, for the accuracy of information received via computer or for any loss that may be incurred by the Client as a result of the inaccuracy of this information. 17.16. 15.16 The Client has the right to use a Power of Attorney to authorise a third person (representative) to act on behalf of the Client in all business relationships with the Company as defined in this Agreement. The Power of Attorney should be provided to the Company, accompanied by all the requested identification documents of the representative. If there is no expiry date, the Power of Attorney will be considered valid until revoked by a written termination by the Client. 17.17. 15.17 The Company has the right to refuse to transmit a Client’s order for execution without giving any notice and/or explanation to the Client. Among, but not limited to, the cases that the Company is entitled to do so are the following: • If the Client does not have the required funds deposited in the Company’s Client Account; • If the order violates the smooth operation of the Trading Platform; • If the order is a result of the use of inside confidential information (xxxxxxx xxxxxxx); and • If the order aims at manipulating the market of the specific Financial Instrument; • If the order aims to legalise the proceeds from illegal acts or activities (i.e. money laundering).: 17.18. 15.18 The Client needs to be aware that the Company will refuse to accept or it may cancel any orders placed and/or executed via the Trading Terminal without any notice if it comes to its attention that the logic behind those orders is to abuse the whole system (i.e. use of specific expert advisors to generate volume by opening and closing positions at the same price) in or- der this way to gain unfairly benefits for the Client and which is beyond the traditional cope of fair trading.generate 17.19. 15.19 The Company, at its own discretion and without notice, might impose on an account or instrument basis a limit on the Net Open Position. The company has the right to reject to open any new positions if the result after opening the positions would increase the Net Open Position of a certain instrument above the limit set. 17.2015.20 Please note that it is within the rights of the company and without any prior notice to the client to set an instrument in a close only mode. Therefore the client consents and acknowledges that he/she will not be able to open new positions on a certain instrument but only to close the existing ones. 15.21 The Client understands that reports and confirmations of order executions, cancellations or modifications may be erroneous for various reasons. Such confirmations are also subject to change at the Company’s discretion, in which case the Client shall be bound by the actual or- der order execution, so long as it is consistent with the Client’s order. In the event that the Company confirms an execution or cancellation in error and the Client unreasonably delays in reporting such an error more than 24 hours, the Company reserves the right to require from the Client to accept the trade, or remove the trade from the Client’s Account, in the Company’s sole discretion.

Appears in 1 contract

Samples: Client Agreement

COMMUNICATION BETWEEN THE CLIENT AND THE COMPANY. CLIENT’S CLIENT!S ORDERS 17.115.1. All notices and communications supplied by the Company in conformity with this AgreementAgree- ment, including Account statements and Transaction confirmations, may, at the Company’s discretion, be sent to the Client by e-mail or made available in the Client’s Account on the Trading Platform. However, the account information posted on the Company’s Trading Platform shall be conclusive evidence of the Client’s transactions and/or contracts, open positions, margin and cash balances, and shall be conclusive and binding on the Client. 17.215.2. All notices/information provided by the Company or received from the Clients should be in English. Translation or information provided in languages other than English in our website is for informational purposes only and do not bind us or have any legal effect whatsoever; we have no responsibility or liability regarding the correctness of the information therein. 17.315.3. Such notices/communications shall be deemed to have been received by the Client and transmitted in the proper manner once the Company has placed them on the Platform or sent them by e- mail. The Company shall not be liable for any delay, modification, re- re-routing or any other modification that the message might undergo after being sent by the Company. 17.415.4. The Company shall accept the following communication methods used by the Client to con- tact and transmit instructions to the Company: • orders placed in the Trading Terminal of the Client; • orders placed in writing and duly signeddulysigned; • orders placed by telephone; and • orders placed by live “chat”. 17.515.5. The Client is given the option to place with the Company the following Orders for execution: • The Client places a “Market Order” which is an Order instantly executed against a price that the Company has provided. The Client may attach to a Market Order a Stop Loss and/or Take ProfitProf- it. Stop Loss is an Order to limit Client’s loss, whereas Take Profit is an Order to limit Client’s profit. • The Client places a “Pending Order“, which is an Order to be executed at a later time at the price that the Client specifies. The Company will monitor the Pending Order and when the price provided by the Company reaches the price specified by the Client, the Order will be executed at that price. The following types of Pending Orders are available: Buy Limit, Buy Stop, Sell Limit and Sell Stop. The Client may attach to any Pending Order a Stop Loss and/ or Take Profit. • The Company will cancel any Orders that remain non-non executed for three months from the date the Order was placed. 17.615.6. The Client will have the right to change the communication method he uses with the Company Compa- ny at any time and the Company shall not make any checks in relation to this, and accepts these two communication methods. 17.715.7. The Client confirms that he is aware of the risks associated with using these communication communica- tion methods, in particular the risks that could result from a fault or a misunderstanding at the time instructions are transmitted. The Client declares that he assumes responsibility for all consequences that could result there from. 17.815.8. The Company shall not incur any liability by refusing to carry out orders given by a person whose identity has not in its opinion been sufficiently verified. 17.915.9. The Client shall be responsible for all orders and for the accuracy of all information sent via Internet following the use of the Client’s name, his password or any other personal identification identifica- tion method set up to identify the Client, regardless of who the actual user is. Any person who identifies himself in accordance with the Client’s identification methods shall be considered as being authorised to use the Company’s services. The Company shall consider such orders or communications as having been authorised and issued by the Client. It is the Client’s responsibility respon- sibility to keep passwords confidential and to prevent unauthorised use of his passwords and his Trading Terminals. 17.1015.10. For the orders placed in writing, the Company will verify the Client’s signature with the sample signatures lodged with the Company. The Company shall not be liable for any fraud and/or lack of identification that it has not been discovered. 17.1115.11. Prior to any transfer order, the Company may request an original written confirmation duly signed by the Client. 17.1215.12. For orders placed by telephone, the Company will verify the Client’s identity and then transmit the order. The Company has the right not to transmit the order if the actions of the Client are not clear and do not include all the required data. 17.1315.13. Orders received by the Company in any means other than through the Trading Platform, will be transmitted by the Company to the Trading Platform and processed in the same way as though it was received through the Trading Platform. 17.1415.14. Any order sent by the Client via the Trading Platform shall only be considered as having been received, and shall not constitute a valid instruction and/or a Contract between the Company and the Client, until the instruction has been registered as executed by the Company Compa- ny and con- firmed to the Client by means of a Transaction confirmation. 17.1515.15. The Company bears no responsibility for delays or errors occurring during the transmission transmis- sion of orders or other communication messages via computer, for the accuracy of information infor- mation received via computer or for any loss that may be incurred by the Client as a result of the inaccuracy of this information. 17.1615.16. The Client has the right to use a Power of Attorney to authorise a third person (representativerepresenta- tive) to act on behalf of the Client in all business relationships with the Company as defined in this Agreement. The Power of Attorney should be provided to the Company, accompanied by all the requested identification documents of the representative. If there is no expiry date, the Power of Attorney will be considered valid until revoked by a written termination by the Client. 17.1715.17. The Company has the right to refuse to transmit a Client’s order for execution without giving any notice and/or explanation to the Client. Among, but not limited to, the cases that the Company Com- pany is entitled to do so are the following: • If the Client does not have the required funds deposited in the Company’s Client Account; • If the order violates the smooth operation of the Trading Platform; • If the order is a result of the use of inside confidential information (xxxxxxx xxxxxxx); and • If the order aims at manipulating the market of the specific Financial Instrument; • If the order aims to legalise the proceeds from illegal acts or activities (i.e. money laundering). 17.1815.18. The Client needs to be aware that the Company will refuse to accept or it may cancel any orders placed and/or executed via the Trading Terminal without any notice if it comes to its attention that the logic behind those orders is to abuse the whole system (i.e. use of specific expert advisors to generate volume by opening and closing positions at the same price) in or- der this way to gain unfairly benefits for the Client and which is beyond the traditional cope scope of fair trading. 17.1915.19. The Company, at its own discretion and without notice, might impose on an account or instrument in- strument basis a limit on the Net Open Position. The company has the right to reject to open any new positions if the result after opening the positions would increase the Net Open Position Posi- tion of a certain instrument above the limit set. 17.2015.20. The Client understands that reports and confirmations of order executions, cancellations or modifications may be erroneous for various reasons. Such confirmations are also subject to change at the Company’s discretion, in which case the Client shall be bound by the actual or- der execution, so long as it is consistent with the Client’s order. In the event that the Company confirms an execution or cancellation in error and the Client unreasonably delays in reporting such an error more than 24 hours, the Company reserves the right to require from the Client to accept the trade, or remove the trade from the Client’s Account, in the Company’s sole discretiondis- cretion.

Appears in 1 contract

Samples: Client Agreement

AutoNDA by SimpleDocs

COMMUNICATION BETWEEN THE CLIENT AND THE COMPANY. CLIENT’S CLIENT!S ORDERS 17.115.1. All notices and communications supplied by the Company in conformity with this AgreementAgree- ment, including Account statements and Transaction confirmationsconfirmations, may, at the Company’s discretion, be sent to the Client by e-mail or made available in the Client’s Account on the Trading Platform. However, the account information posted on the Company’s Trading Platform shall be conclusive evidence of the Client’s transactions and/or contracts, open positions, margin and cash balances, and shall be conclusive and binding on the Client. 17.215.2. All notices/information provided by the Company or received from the Clients should be in English. Translation or information provided in languages other than English in our website is for informational purposes only and do not bind us or have any legal effect effect whatsoever; we have no responsibility or liability regarding the correctness of the information therein. 17.315.3. Such notices/communications shall be deemed to have been received by the Client and transmitted in the proper manner once the Company has placed them on the Platform or sent them by e- mail. The Company shall not be liable for any delay, modificationmodification, re- re-routing or any other modification modification that the message might undergo after being sent by the Company. 17.415.4. The Company shall accept the following communication methods used by the Client to con- tact and transmit instructions to the Company: • orders placed in the Trading Terminal of the Client; • orders placed in writing and duly signed; • orders placed by telephone; and • orders placed by live “chat”. 17.515.5. The Client is given the option to place with the Company the following Orders for execution: • The Client places a “Market Order” which is an Order instantly executed against a price that the Company has provided. The Client may attach to a Market Order a Stop Loss and/or Take ProfitProf- it. Stop Loss is an Order to limit Client’s loss, whereas Take Profit Profit is an Order to limit Client’s profitprofit. • The Client places a “Pending Order“, which is an Order to be executed at a later time at the price that the Client specifies. The Company will monitor the Pending Order and when the price provided by the Company reaches the price specified specified by the Client, the Order will be executed at that price. The following types of Pending Orders are available: Buy Limit, Buy Stop, Sell Limit and Sell Stop. The Client may attach to any Pending Order a Stop Loss and/ or Take Profit. • The Company will cancel any Orders that remain non-non executed for three months from the date the Order was placed. 17.615.6. The Client will have the right to change the communication method he uses with the Company Compa- ny at any time and the Company shall not make any checks in relation to this, and accepts these two communication methods. 17.715.7. The Client confirms confirms that he is aware of the risks associated with using these communication communica- tion methods, in particular the risks that could result from a fault or a misunderstanding at the time instructions are transmitted. The Client declares that he assumes responsibility for all consequences that could result there from. 17.815.8. The Company shall not incur any liability by refusing to carry out orders given by a person whose identity has not in its opinion been sufficiently verifiedsufficiently verified. 17.915.9. The Client shall be responsible for all orders and for the accuracy of all information sent via Internet following the use of the Client’s name, his password or any other personal identification identifica- tion method set up to identify the Client, regardless of who the actual user is. Any person who identifies identifies himself in accordance with the Client’s identification identification methods shall be considered as being authorised to use the Company’s services. The Company shall consider such orders or communications as having been authorised and issued by the Client. It is the Client’s responsibility respon- sibility to keep passwords confidential confidential and to prevent unauthorised use of his passwords and his Trading Terminals. 17.1015.10. For the orders placed in writing, the Company will verify the Client’s signature with the sample signatures lodged with the Company. The Company shall not be liable for any fraud and/or lack of identification identification that it has not been discovered. 17.1115.11. Prior to any transfer order, the Company may request an original written confirmation confirmation duly signed by the Client. 17.1215.12. For orders placed by telephone, the Company will verify the Client’s identity and then transmit the order. The Company has the right not to transmit the order if the actions of the Client are not clear and do not include all the required data. 17.1315.13. Orders received by the Company in any means other than through the Trading Platform, will be transmitted by the Company to the Trading Platform and processed in the same way as though it was received through the Trading Platform. 17.1415.14. Any order sent by the Client via the Trading Platform shall only be considered as having been received, and shall not constitute a valid instruction and/or a Contract between the Company and the Client, until the instruction has been registered as executed by the Company Compa- ny and con- firmed firmed to the Client by means of a Transaction confirmationconfirmation. 17.1515.15. The Company bears no responsibility for delays or errors occurring during the transmission transmis- sion of orders or other communication messages via computer, for the accuracy of information infor- mation received via computer or for any loss that may be incurred by the Client as a result of the inaccuracy of this information. 17.1615.16. The Client has the right to use a Power of Attorney to authorise a third person (representativerepresenta- tive) to act on behalf of the Client in all business relationships with the Company as defined defined in this Agreement. The Power of Attorney should be provided to the Company, accompanied by all the requested identification identification documents of the representative. If there is no expiry date, the Power of Attorney will be considered valid until revoked by a written termination by the Client. 17.1715.17. The Company has the right to refuse to transmit a Client’s order for execution without giving any notice and/or explanation to the Client. Among, but not limited to, the cases that the Company Com- pany is entitled to do so are the following: • If the Client does not have the required funds deposited in the Company’s Client Account; • If the order violates the smooth operation of the Trading Platform; • If the order is a result of the use of inside confidential information (xxxxxxx xxxxxxx); and • If the order aims at manipulating the market of the specific specific Financial Instrument; • If the order aims to legalise the proceeds from illegal acts or activities (i.e. money laundering). 17.1815.18. The Client needs to be aware that the Company will refuse to accept or it may cancel any orders placed and/or executed via the Trading Terminal without any notice if it comes to its attention that the logic behind those orders is to abuse the whole system (i.e. use of specific specific expert advisors to generate volume by opening and closing positions at the same price) in or- der this way to gain unfairly benefits benefits for the Client and which is beyond the traditional cope scope of fair trading. 17.1915.19. The Company, at its own discretion and without notice, might impose on an account or instrument in- strument basis a limit on the Net Open Position. The company has the right to reject to open any new positions if the result after opening the positions would increase the Net Open Position Posi- tion of a certain instrument above the limit set. 17.2015.20. The Client understands that reports and confirmations confirmations of order executions, cancellations or modifications modifications may be erroneous for various reasons. Such confirmations confirmations are also subject to change at the Company’s discretion, in which case the Client shall be bound by the actual or- der execution, so long as it is consistent with the Client’s order. In the event that the Company confirms confirms an execution or cancellation in error and the Client unreasonably delays in reporting such an error more than 24 hours, the Company reserves the right to require from the Client to accept the trade, or remove the trade from the Client’s Account, in the Company’s sole discretiondis- cretion.

Appears in 1 contract

Samples: Client Agreement

COMMUNICATION BETWEEN THE CLIENT AND THE COMPANY. CLIENT’S CLIENT!S ORDERS 17.115.1. All notices and communications supplied by the Company in conformity with this AgreementAgree- ment, including Account statements and Transaction confirmations, may, at the Company’s discretion, be sent to the Client by e-mail or made available in the Client’s Account on the Trading Platform. However, the account information posted on the Company’s Trading Platform shall be conclusive evidence of the Client’s transactions and/or contracts, open positions, margin and cash balances, and shall be conclusive and binding on the Client. 17.215.2. All notices/information provided by the Company or received from the Clients should be in English. Translation or information provided in languages other than English in our website is for informational purposes only and do not bind us or have any legal effect whatsoever; we have no responsibility or liability regarding the correctness of the information therein. 17.315.3. Such notices/communications shall be deemed to have been received by the Client and transmitted in the proper manner once the Company has placed them on the Platform or sent them by e- mail. The Company shall not be liable for any delay, modification, re- re-routing or any other modification that the message might undergo after being sent by the Company. 17.415.4. The Company shall accept the following communication methods used by the Client to con- tact and transmit instructions to the Company: • orders placed in the Trading Terminal of the Client; • orders placed in writing and duly signed; • orders placed by telephone; and • orders placed by live “chat”. 17.515.5. The Client is given the option to place with the Company the following Orders for execution: • The Client places a “Market Order” which is an Order instantly executed against a price that the Company has provided. The Client may attach to a Market Order a Stop Loss and/or Take ProfitProf- it. Stop Loss is an Order to limit Client’s loss, whereas Take Profit is an Order to limit Client’s profit. • The Client places a “Pending Order“, which is an Order to be executed at a later time at the price that the Client specifies. The Company will monitor the Pending Order and when the price provided by the Company reaches the price specified by the Client, the Order will be executed at that price. The following types of Pending Orders are available: Buy Limit, Buy Stop, Sell Limit and Sell Stop. The Client may attach to any Pending Order a Stop Loss and/ or Take Profit. • The Company will cancel any Orders that remain non-non executed for three months from the date the Order was placed. 17.615.6. The Client will have the right to change the communication method he uses with the Company at any time and the Company shall not make any checks in relation to this, and accepts these two communication methods. 17.715.7. The Client confirms that he is aware of the risks associated with using these communication communica- tion methods, in particular the risks that could result from a fault or a misunderstanding at the time instructions are transmitted. The Client declares that he assumes responsibility for all consequences that could result there from. 17.815.8. The Company shall not incur any liability by refusing to carry out orders given by a person whose identity has not in its opinion been sufficiently verified. 17.915.9. The Client shall be responsible for all orders and for the accuracy of all information sent via Internet following the use of the Client’s name, his password or any other personal identification identifica- tion method set up to identify the Client, regardless of who the actual user is. Any person who identifies himself in accordance with the Client’s identification methods shall be considered as being authorised to use the Company’s services. The Company shall consider such orders or communications as having been authorised and issued by the Client. It is the Client’s responsibility respon- sibility to keep passwords confidential and to prevent unauthorised use of his passwords and his Trading Terminals. 17.1015.10. For the orders placed in writing, the Company will verify the Client’s signature with the sample signatures lodged with the Company. The Company shall not be liable for any fraud and/or lack of identification that it has not been discovered. 17.1115.11. Prior to any transfer order, the Company may request an original written confirmation duly signed by the Client. 17.1215.12. For orders placed by telephone, the Company will verify the Client’s identity and then transmit the order. The Company has the right not to transmit the order if the actions of the Client are not clear and do not include all the required data. 17.1315.13. Orders received by the Company in any means other than through the Trading Platform, will be transmitted by the Company to the Trading Platform and processed in the same way as though it was received through the Trading Platform. 17.1415.14. Any order sent by the Client via the Trading Platform shall only be considered as having been received, and shall not constitute a valid instruction and/or a Contract between the Company and the Client, until the instruction has been registered as executed by the Company Compa- ny and con- firmed to the Client by means of a Transaction confirmation. 17.1515.15. The Company bears no responsibility for delays or errors occurring during the transmission transmis- sion of orders or other communication messages via computer, for the accuracy of information infor- mation received via computer or for any loss that may be incurred by the Client as a result of the inaccuracy of this information. 17.1615.16. The Client has the right to use a Power of Attorney to authorise a third person (representativerepresenta- tive) to act on behalf of the Client in all business relationships with the Company as defined in this Agreement. The Power of Attorney should be provided to the Company, accompanied by all the requested identification documents of the representative. If there is no expiry date, the Power of Attorney will be considered valid until revoked by a written termination by the Client. 17.1715.17. The Company has the right to refuse to transmit a Client’s order for execution without giving any notice and/or explanation to the Client. Among, but not limited to, the cases that the Company Com- pany is entitled to do so are the following: • If the Client does not have the required funds deposited in the Company’s Client Account; • If the order violates the smooth operation of the Trading Platform; • If the order is a result of the use of inside confidential information (xxxxxxx xxxxxxx); and • If the order aims at manipulating the market of the specific Financial Instrument; • If the order aims to legalise the proceeds from illegal acts or activities (i.e. money laundering). 17.1815.18. The Client needs to be aware that the Company will refuse to accept or it may cancel any orders placed and/or executed via the Trading Terminal without any notice if it comes to its attention that the logic behind those orders is to abuse the whole system (i.e. use of specific expert advisors to generate volume by opening and closing positions at the same price) in or- der this way to gain unfairly benefits for the Client and which is beyond the traditional cope scope of fair trading. 17.1915.19. The Company, at its own discretion and without notice, might impose on an account or instrument in- strument basis a limit on the Net Open Position. The company has the right to reject to open any new positions if the result after opening the positions would increase the Net Open Position Posi- tion of a certain instrument above the limit set. 17.2015.20. The Client understands that reports and confirmations of order executions, cancellations or modifications may be erroneous for various reasons. Such confirmations are also subject to change at the Company’s discretion, in which case the Client shall be bound by the actual or- der execution, so long as it is consistent with the Client’s order. In the event that the Company confirms an execution or cancellation in error and the Client unreasonably delays in reporting such an error more than 24 hours, the Company reserves the right to require from the Client to accept the trade, or remove the trade from the Client’s Account, in the Company’s sole discretiondis- cretion.

Appears in 1 contract

Samples: Client Agreement

COMMUNICATION BETWEEN THE CLIENT AND THE COMPANY. CLIENT’S ORDERS 17.1. 15.1 All notices and communications supplied by the Company in conformity with this Agreement, including Account account statements and Transaction confirmations, may, at the Company’s discretion, be sent to the Client by e-mail or made available in the Client’s Account on the Trading Platform. However, the account information posted on the Company’s Trading Platform shall be conclusive evidence of the Client’s transactions and/or contracts, open positions, margin and cash balances, and shall be conclusive and binding on the Client. 17.2. 15.2 All notices/information provided by the Company or received from the Clients should be in English. Translation or information provided in languages other than English in our website is for informational purposes only and do not bind us or have any legal effect whatsoever; we have no responsibility or liability regarding the correctness of the information therein. 17.3. 15.3 Such notices/communications shall be deemed to have been received by the Client and transmitted in the proper manner once the Company has placed them on the Platform or sent them by e- e-mail. The Company shall not be liable for any delay, modification, re- re-routing or any other modification that the message might undergo after being sent by the Company. 17.4. 15.4 The Company shall accept the following communication methods used by the Client to con- tact contact and transmit instructions to the Company: • orders placed in the Trading Terminal of the Client; • orders placed in writing and duly signed; • orders placed by telephone; and • orders placed by live “chat”.: 17.5. 15.5 The Client is given the option to place with the Company the following Orders for execution: • The Client places a “Market Order” which is an Order instantly executed against a price that the Company has provided. The Client may attach to a Market Order a Stop Loss and/or Take Profit. Stop Loss is an Order to limit Client’s loss, whereas Take Profit is an Order to limit Client’s profit. • The Client places a “Pending Order“, which is an Order to be executed at a later time at the price that the Client specifies. The Company will monitor the Pending Order and when the price provided by the Company reaches the price specified by the Client, the Order will be executed at that price. The following types of Pending Orders are available: Buy Limit, Buy Stop, Sell Limit and Sell Stop. The Client may attach to any Pending Order a Stop Loss and/ or Take Profit. • The Company will cancel any Orders that remain non-executed for three months from the date the Order was placed.: 17.6. 15.6 The Client will have the right to change the communication method he uses with the Company at any time and the Company shall not make any checks in relation to this, and accepts these two communication methods. 17.7. 15.7 The Client confirms that he is aware of the risks associated with using these communication methods, methods in particular the risks that could result from a fault or a misunderstanding at the time instructions are transmitted. The Client declares that he assumes responsibility for all consequences that could result there from. 17.8. 15.8 The Company shall not incur any liability by refusing to carry out orders given by a person whose identity has not in its opinion been sufficiently verified. 17.9. 15.9 The Client shall be responsible for all orders and for the accuracy of all information sent via Internet following the use of the Client’s name, his password or any other personal identification method set up to identify the Client, regardless of who the actual user is. Any person who identifies himself in accordance with the Client’s identification methods shall be considered as being authorised to use the Company’s services. The Company shall consider such orders or communications as having been authorised and issued by the Client. It is the Client’s responsibility to keep passwords confidential and to prevent unauthorised use of his passwords and his Trading Terminals. 17.10. 15.10 For the orders placed in writing, the Company will verify the Client’s signature with the sample signatures lodged with the Company. The Company shall not be liable for any fraud and/or lack of identification that it has not been discovered. 17.11. 15.11 Prior to any transfer order, the Company may request an original written confirmation duly signed by the Client. 17.12. 15.12 For orders placed by telephone, the Company will verify the Client’s identity and then transmit the order. The Company has the right not to transmit the order if the actions of the Client are not clear and do not include all the required data. 17.13. 15.13 Orders received by the Company in any means other than through the Trading Platform, will be transmitted by the Company to the Trading Platform and processed in the same way as though it was received through the Trading Platform. 17.14. 15.14 Any order sent by the Client via the Trading Platform shall only be considered as having been received, and shall not constitute a valid instruction and/or a Contract between the Company and the Client, until the instruction has been registered as executed by the Company and con- firmed to the Client by means of a Transaction confirmation.been 17.15. 15.15 The Company bears no responsibility for delays or errors occurring during the transmission of orders or other communication messages via computer, for the accuracy of information received via computer or for any loss that may be incurred by the Client as a result of the inaccuracy of this information. 17.16. 15.16 The Client has the right to use a Power of Attorney to authorise a third person (representative) to act on behalf of the Client in all business relationships with the Company as defined in this Agreement. The Power of Attorney should be provided to the Company, accompanied by all the requested identification documents of the representative. If there is no expiry date, the Power of Attorney will be considered valid until revoked by a written termination by the Client. 17.17. 15.17 The Company has the right to refuse to transmit a Client’s order for execution without giving any notice and/or explanation to the Client. Among, but not limited to, the cases that the Company is entitled to do so are the following: • If the Client does not have the required funds deposited in the Company’s Client Account; • If the order violates the smooth operation of the Trading Platform; • If the order is a result of the use of inside confidential information (xxxxxxx xxxxxxx); and • If the order aims at manipulating the market of the specific Financial Instrument; • If the order aims to legalise the proceeds from illegal acts or activities (i.e. money laundering).: 17.18. 15.18 The Client needs to be aware that the Company will refuse to accept or it may cancel any orders placed and/or executed via the Trading Terminal without any notice if it comes to its attention that the logic behind those orders is to abuse the whole system (i.e. use of specific expert advisors to generate volume by opening and closing positions at the same price) in or- der order this way to gain unfairly benefits for the Client and which is beyond the traditional cope scope of fair trading. 17.19. 15.19 The Company, at its own discretion and without notice, might impose on an account or instrument basis a limit on the Net Open Position. The company has the right to reject to open any new positions if the result after opening the positions would increase the Net Open Position of a certain instrument above the limit set. 17.2015.20 Please note that it is within the rights of the company and without any prior notice to the client to set an instrument in a close only mode. Therefore the client consents and acknowledges that he/she will not be able to open new positions on a certain instrument but only to close the existing ones. 15.21 The Client understands that reports and confirmations of order executions, cancellations or modifications may be erroneous for various reasons. Such confirmations are also subject to change at the Company’s discretion, in which case the Client shall be bound by the actual or- der order execution, so long as it is consistent with the Client’s order. In the event that the Company confirms an execution or cancellation in error and the Client unreasonably delays in reporting such an error more than 24 hours, the Company reserves the right to require from the Client to accept the trade, or remove the trade from the Client’s Account, in the Company’s sole discretion.

Appears in 1 contract

Samples: Client Agreement

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