Mistrades and misquotes Sample Clauses

Mistrades and misquotes. For the execution of commission orders placed by the Customer, Trade Republic uses the electronic trading system provided by the Execution Venues. The contract concluded with the operator of the respective execution venue provides for a reversal option in the event of the formation of prices that are not in line with the fair market value. If, in connection with the execution of a Customer order, the trading partner mistakenly uses an incorrect price as a basis, which deviates significantly and obviously from the price that was appropriate for the market - the reference price - at the time the transaction was concluded (mistrade or misquote), the trading partner has a contractual right of withdrawal/cancellation/adjustment vis-à-vis Trade Republic at its discretion. In this case, Trade Republic will also cancel or adjust the execution of the crypto trade towards the Customer. The Customer can view the regulations on mistrades or misquotes of the individual Execution Venues in the Application (Profile/Settings/Legal/Current Documents/Information on Trading Venues).
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Mistrades and misquotes. For the execution of the commission orders placed by the Customer, Trade Republic uses the respective electronic trading system provided by the execution venues or trading partners (hereinafter "Trading Partners"). The agreements concluded with the Trading Partners provide for a reversal option in the event of prices, which are not in line with the fair market price. If, in connection with the execution of a Customer order, the trading partner mistakenly uses an incorrect price as a basis due to a technically justified malfunction of the trading system or due to an operating error or similar reasons, which deviates significantly and obviously from the market-adequate price - the reference price - at the time of the conclusion of the transaction (mistrade or misquote), the trading partner is entitled to a contractual right of withdrawal/cancellation vis-à-vis Trade Republic. In this case, Trade Republic will also cancel the execution of the securities transaction vis-à-vis the Customer. The Customer can view the regulations on mistrades or misquotes of the individual execution venues in the Application (Profile/Settings/Legal/Current Documents/Information on Trading Venues). As an investment services company, Trade Republic is obliged to strive for the best possible execution of Customer orders (hereinafter: "Securities Orders"). In this context, Trade Republic shall establish execution policies and inform the Customer of these execution policies prior to the first provision of investment services and obtain the Customer's consent to these policies. However, if an investment services company acts on the Customer's instructions, this obligation shall be deemed to have been fulfilled upon execution of the instructions.
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Mistrades and misquotes. When executing the agency orders placed by Customers, Trade Republic uses the electronic trading platform provided by the Execution Venues. The master agreements concluded with the operators of the Execution Venues provide for a reversal option for transactions where the price determination is not in line with the market. If in the context of the execution of a Customer order, the trading partner mistakenly uses an incorrect price due to a technical malfunction of the trading system or due to operator error, and this price clearly and significantly deviates from the prevailing market price – the reference price – at the time of the transaction (mistrade or misquote), the trading partner will be entitled to exercise his contractual right of withdrawal/right of cancellation. In such a case, Trade Republic will also reverse the execution of the Customer's securities transaction. The Customer can view the regulations governing mistrades or misquotes for the individual Execution Venues in the Application.
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