Common use of Effect of Trading Halt Clause in Contracts

Effect of Trading Halt. (a) During a Trading Halt, a Member’s access to and use of the Trading System may be suspended in whole or in part, and the Operator may vary the extent of the suspension at any time having regard to subsequent events or circumstances. (b) As far as reasonably practicable, the extent of a suspension should be commensurate with the nature and extent of the matter giving rise to the suspension, provided that nothing in this clause requires the Operator to allow a suspended Trading Participant to submit Orders. (c) A part suspension includes suspension with respect to the trading of specific Products or with respect to trading only (such that the Member can still view information on the Trading System), or restrictions relating to submission of particular Orders, types of Orders or Reallocation Requests. (d) The Operator may: (i) withdraw or cancel any Order submitted by a Member who is subject to a Trading Halt, whether the Order was submitted before or after the Trading Halt commenced; and (ii) remove any Pre-matched Trades or Broker Pre-matched Trades to which the Member is a party from the Trading System. (e) A Member who is subject to a Trading Halt must continue to perform its obligations under this agreement (including its obligations with respect to delivery and payment).

Effect of Trading Halt. (a) During a Trading Halt, a Member’s access to and use of the Trading System may be suspended in whole or in part, and the Operator may vary the extent of the suspension at any time having regard to subsequent events or circumstances. (b) As far as reasonably practicable, the extent of a suspension should be commensurate with the nature and extent of the matter giving rise to the suspension, provided that nothing in this clause requires the Operator to allow a suspended Trading Participant to submit Orders. (c) A part suspension includes suspension with respect to the trading of specific Products or with respect to trading only (such that the Member can still view information on the Trading System), or restrictions relating to submission of particular Orders, types of Orders or Reallocation Requests. (d) The Operator may: (i) withdraw or cancel any Order submitted by a Member Trading Participant who is subject to a Trading Halt, whether the Order was submitted before or after the Trading Halt commenced; and (ii) remove any Pre-matched Trades or Broker Pre-matched Trades to which the Member Trading Participant is a party from the Trading System. (e) A Member who is subject to a Trading Halt must continue to perform its obligations under this agreement (including its obligations with respect to delivery and payment).

Effect of Trading Halt. (a) During a Trading Halt, a Member’s access to and use of the Trading System may be suspended in whole or in part, and the Operator may vary the extent of the suspension at any time having regard to subsequent events or circumstances. (b) As far as reasonably practicable, the extent of a suspension should be commensurate with the nature and extent of the matter giving rise to the suspension, provided that nothing in this clause requires the Operator to allow a suspended Trading Participant to submit Orders. (c) A part suspension includes suspension with respect to the trading of specific Products or with respect to trading only (such that the Member can still view information on the Trading System), or restrictions relating to submission of particular Orders, types of Orders or Reallocation Requests. (d) The Operator may: (i) withdraw or cancel any Order submitted by a Member Trading Participant who is subject to a Trading Halt, whether the Order was submitted before or after the Trading Halt commenced; and (ii) remove any Pre-matched Trades or Broker Pre-matched Trades to which the Member is a party from the Trading System. (e) A Member who is subject to a Trading Halt must continue to perform its obligations under this agreement (including its obligations with respect to delivery and payment).