ELECTRONIC TRADING SYSTEMS Sample Clauses
The ELECTRONIC TRADING SYSTEMS clause defines the rules and responsibilities related to the use of electronic platforms for executing trades. It typically outlines how parties may access, use, and rely on such systems, including any limitations of liability for system failures or interruptions. For example, it may specify that users are responsible for ensuring their own connectivity and that the provider is not liable for losses due to technical issues. This clause is essential for clarifying expectations and allocating risk associated with the use of electronic trading technology.
ELECTRONIC TRADING SYSTEMS. FIMAT may make available to Customer the ability to trade, directly or indirectly (in whole or in part), through electronic trading systems (ETS) such as GLOBEX or ACCESS or other electronic systems. The sponsoring organizations or such systems may make certain information available and in some cases require special disclosures for these systems. To the extent these disclosures are required and other information is available, it has been set forth in the accompanying booklet entitled “Exchange Disclosures and Notices,” which Customer acknowledges receiving by signing below.
ELECTRONIC TRADING SYSTEMS. Trading or routing orders through electronic systems varies widely among the different electronic systems. You should consult the rules and regulations of the exchange offering the electronic system and/or listing the contract traded or order routed to understand, among other things, in the case of trading systems, the system's order matching procedure, opening and closing procedures and prices, error trading policies, and trading limitations or requirements; and in the case of all systems, qualifications for access and grounds for termination and limitations on the types of orders that may be entered into the system. Each of these matters may present different risk factors with respect to trading on or using a particular system. Each system may also present risks related to system access, varying response times, and security. In the case of internet-based systems, there may be additional types of risks related to system access, varying response times and security, as well as risks related to service providers and the receipt and monitoring of electronic mail.
ELECTRONIC TRADING SYSTEMS. Contract Administration shall coordinate the review and approval of new electronic trading systems by the Front Office. This approval will be granted following review of the business case (developed by the Front Office) and the control issues associated with the specific product. This process will include review by the Credit, Contracts and Legal departments, as well as the responsible Trading Leader(s), IT and the Middle Office Manager. Once approved for use by the Front Office, the Credit department will be responsible for maintaining control of the approved counterparty list and trading limits on electronic systems. Procedures for the use of Electronic Trading Systems will be maintained in the Front Office. Privileged and Confidential - 12/5/2011 Privileged and Confidential - 12/5/2011 Barge / Ship Pipeline Truck Railcar Futures (NYMEX and ICE) EFPs Fixed-for-Float Swaps Basis Swaps Options (Futures and OTC) Buy / Sell Thruputs Exchange Agreements 3rd - Party Storage Reseller Fixed Forwards Unpriced Guaranteed Differentials (UGDs) Heat Curves Downside Protection Rack Sales Prompts (including E-Commerce) E-Commerce Forwards Collars Forward Basis
ELECTRONIC TRADING SYSTEMS. Trading or routing orders through electronic systems varies widely among the different electronic systems. Each exchange’s relevant rules are available upon request from the industry professional with whom you have an account. Some exchange’s relevant rules also are available on the exchange’s internet home page. You should consult the rules and regulations of the exchange offering the electronic system and/or listing the contract traded or order routed to understand, among other things, in the case of trading systems, the system’s order matching procedure, opening and closing procedures and prices, error trade policies, and trading limitations or requirements; and in the case of all systems, qualifications for access and grounds for termination and limitations on the types of orders that may be entered into the system. Each of these matters may present different risk factors with respect to trading on or using a particular system. Each system may also present risks related to system access, varying response times, and security. In the case of internet-based systems, there may be additional types of risks related to the system access, varying response times and security, as well as risks related to service providers and the receipt and monitoring of electronic mail.