Common use of Off-Exchange Transactions Clause in Contracts

Off-Exchange Transactions. 13.1 In some jurisdictions, and only then in restricted circumstances, firms are permitted to effect off-exchange transactions. Galaxy International Securities and/or Galaxy International Futures may be acting as your counterparty to the transaction. It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarise yourself with applicable rules and attendant risks. (Please also see Part 11 on “Generic Risks Associated with OTC Derivative Transaction”)