Common use of Market Orders Clause in Contracts

Market Orders. Market orders may be submitted either in U.S. dollar (“USD”) amounts or in Cryptocurrency amounts. I understand that (A) RHC does not currently support sending traditional market buy orders and that RHC collars all market buy orders by using limit orders priced up to 1% above the last ask price, and (B) RHC does not currently support sending traditional market sell orders and that RHC collars all market sell orders by using limit orders priced up to 5% below the last bid price. If I place a market order, I agree to pay or receive the prevailing market price at the time my market order is executed, subject to the specific clarification above relating to buy and sell orders. I understand that the execution price may be significantly higher or lower than anticipated at the time I placed the order.

Appears in 3 contracts

Samples: Customer Agreement, Robinhood Crypto Customer Agreement, Crypto User Agreement

AutoNDA by SimpleDocs

Market Orders. Market orders may be submitted either in U.S. dollar (“USD”) Euro amounts or in Cryptocurrency amounts. I You understand that (A) RHC RHEC does not currently support sending traditional market buy order and sell orders and that RHC RHEC collars all market buy orders by using limit orders priced up to 1% above the last ask price, and (B) RHC does not currently support sending traditional market sell orders and that RHC collars all market sell orders by using limit orders priced up to 5% below the last bid price. You will not know the execution price of an order before the order is executed. If I you place a market order, I you agree to pay or receive the prevailing market price at the time my your market order is executed, subject to the specific clarification above relating to buy and sell orders. I You understand that the execution price may be significantly higher or lower than anticipated at the time I you placed the order. You agree that RHEC is not liable for any price fluctuations.

Appears in 1 contract

Samples: Customer Agreement

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