Common use of Correction of order Clause in Contracts

Correction of order. You understand that Markets may from time to time sanction the making of contracts by us off-exchange in order to satisfy your order, where there has been an error in the execution of your order on-exchange. Where a better price (an improvement) can be obtained, we may seek to secure and offer that improvement to you. Where, in response to your order, we have bought or sold in accordance with the instruction in your order to buy or, as the case may be, to sell but have traded the wrong delivery/expiry month or wrong exercise price of the relevant contract, then we may in accordance with the Rules of any relevant Market offset any loss arising from that trade against any improvement achieved for you in the course of correctly satisfying your order, thus offering you only the net improvement, if any.

Appears in 12 contracts

Samples: Professional Client Agreement, Professional Client Agreement, Eligible Counterparty Agreement

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Correction of order. You understand that Markets may from time to time sanction the making of contracts by us off-off- exchange in order to satisfy your order, where there has been an error in the execution of your order on-exchange. Where a better price (an improvement“Improvement”) can be obtained, we may seek to secure and offer that improvement Improvement to you. Where, in response to your order, we have bought or sold in accordance with the instruction in your order to buy or, as the case may be, to sell but have traded the wrong delivery/expiry month or wrong exercise price of the relevant contract, then we may in accordance with the Rules of any relevant Market offset any loss arising from that trade against any improvement Improvement achieved for you in the course of correctly satisfying your order, thus offering you only the net improvementImprovement, if any.

Appears in 3 contracts

Samples: Terms of Business, Terms of Business, Terms of Business

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Correction of order. You understand that Markets may from time to time sanction the making of contracts by us off-exchange off­exchange in order to satisfy satis­ fy your order, where there has been an error in the execution of your order on-exchangeon­exchange. Where a better price (an improvement) can be obtained, we may seek to secure and offer that improvement to you. Where, in response to your order, we have bought or sold in accordance with the instruction instruc­ tion in your order to buy or, as the case may be, to sell but have traded the wrong delivery/delivery/ expiry month or wrong exercise price of the relevant contract, then we may in accordance with the Rules of any relevant Market offset any loss arising from that trade against any improvement achieved for you in the course of correctly satisfying your order, thus offering you only the net improvement, if any.

Appears in 3 contracts

Samples: Eligible Counterparty Agreement, Eligible Counterparty Agreement, Eligible Counterparty Agreement

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