OPTIONS TRADING. Customer understands that futures exchanges and their clearinghouses have established certain cut-off times for the tender of instructions to exercise, or prevent the exercise of, options on commodity futures and other Commodity Interests (each an "Option" and collectively "Options") which are purchased or sold by Customer for Customer's Account(s). Customer understands that GAIN may establish cut-off times for the tender of instructions to exercise, or prevent the exercise of, Options which are lesser than those established by the futures exchange on which such Option is traded. Customer agrees to accept full responsibility for knowing such cut-off times and tendering such instructions to exercise, or prevent the exercise of, Options which are purchased or sold by Customer for Customer's Account(s). Customer agrees that GAIN has no responsibility whatsoever to exercise, or prevent the exercise of, Options in Customer's Account(s) (including, without limitation, Options that may be "in the money"). Customer understands that certain futures exchanges and their clearinghouses automatically exercise Options which are "in the money" unless instructed otherwise. Customer understands that short Options are subject to assignment at any time, including the day on which short Options may be established, and that such assignments are allocated only. Customer understands that any such assignment will result in a corresponding futures or cash position in Customer's Account(s) which may subject Customer to additional margin requirements. Customer agrees that Customer's Account(s) shall be charged separate commissions at such rates which are in effect from time to time upon the exercise or offset of Options in Customer's Account(s).
OPTIONS TRADING. 4.1. The Client agrees that the terms of the Options Contract (including that of the Standard Contract as defined in the Options Trading Rules) for the relevant Options series shall apply to each Options Contract between GTJAS and the Client, and that all Options Contracts shall be created, exercised, settled and discharged in accordance with the Rules.
4.2. GTJAS may, in its sole discretion, place limits on the open positions (net or gross) or delivery obligations that the Client may have at any time. The Client agrees:-
(a) not to enter into any transaction that would have the effect of exceeding such position limits and that GTJAS may be required to close out or give up Options Contracts to comply with the position limits imposed;
(b) that GTJAS may at any time reduce open positions by issuing close out or offsetting trades, or require the Client to reduce open positions carried with GTJAS;
(c) that GTJAS may refuse for any reason to accept orders to establish new positions;
(d) GTJAS may impose and enforce such limits, reduction or refusal whether or not the same are required by the Rules, SEHK or the relevant exchange; and
(e) if GTJAS goes into default, the default procedures of SEHK or the relevant exchange may result in Options Contracts being closed out or replaced by Options Contracts between the Client and another options exchange participant or broker.
4.3. In respect of Options Contracts listed in Hong Kong:
(a) SEOCH has authority under the Rules to make adjustments to the terms of Options Contracts and the GTJAS shall notify the Client of any adjustments made by SEOCH to the terms of Options Contracts which affect Options Contracts to which the Client is a party.
(b) the terms of the Standard Contract (as defined in the Options Trading Rules) for the relevant Options series shall apply to each Options Contract between GTJAS and the Client.
(c) GTJAS may agree, at the Client's written request, to have the Options Contracts entered into with the Client replaced by Options Contracts between the Client and another Options Exchange Participant in accordance with the Rules.
(d) The Client acknowledges that the Client and GTJAS shall contract as principals under Options Contracts notwithstanding that all Options Contracts are to be executed on SEHK.
(e) GTJAS may, where requested by the Client, and in accordance with the Client's Instructions, request the give-up of Options Contracts of the Client to a different options trading exchange participant...
OPTIONS TRADING. You understand and acknowledge that options trading is not appropriate for all investors and has connected therewith a number of inherent risks, and you are fully prepared financially to undertake such risks and to withstand any losses created thereby. You further understand and acknowledge that commission charges may be significant in relation to the premiums paid and you agree to pay all commissions incurred by you on every transaction relating to options including any exercising of an option and/or the honouring of any obligation in respect of any option which has been exercised and all commissions that may be incurred relative to Credential Securities selling out or buying in securities or options. Each transaction will be subject to the by-laws, regulations, rules, rulings and customs (whether in force at the time of the transaction or subsequently adopted) of the clearing corporation issuing the option, the exchange on which the option trades and any other regulatory body which may have jurisdiction. In addition, each transaction will be subject to Credential Securities’ rules, regulations and customs for options trading. Such by-laws, regulations, rules, rulings and customs may provide for position limits, exercise limits, margin requirements and requirements for cash-only trades during certain periods such as the last 10 business days to expiry of an option. You will comply with all such rules, limits and requirements which are now in effect or which from time to time may hereafter be passed or adopted. We will have sole discretion to determine whether or not to accept any order from you for a trade in an option. We may execute orders for you acting as principal on the other side of a transaction or as part of larger transactions for you and others and may act for other customers on the other side of a transaction as we may deem advisable, subject, however, to the rules of the applicable exchange. You consent and agree to ratify any transaction with your Account in which Credential Securities acts as a market maker or principal in the purchase or sale of options. It is also understood that any charge to you expressed as a commission for any purchase or sale of options where Credential Securities acts as a market maker or principal shall be deemed a sum payable increasing the cost to you of such transactions. The office through which you may instruct Credential Securities as to options transactions will be open during local business hours but an ord...
OPTIONS TRADING. 43.1 The Client agrees that the terms of the Options Contract (including that of the Standard Contract as defined in the Options Trading Rules) for the relevant Options series shall apply to each Options Contract between uSMART SG and the Client, and that all Options Contracts shall be created, exercised, settled and discharged in accordance with the Rules.
43.2 uSMART SG may, in its sole and absolute discretion, place limits on the open positions (net or gross) or delivery obligations that the Client may have at any time. The Client agrees:-
43.2.1 not to enter into any transaction that would have the effect of exceeding such position limits and that uSMART SG may be required to close out or give up Options Contracts to comply with the position limits imposed;
43.2.2 that uSMART SG may at any time reduce open positions by issuing close out or offsetting Trades, or require the Client to reduce open positions carried with uSMART SG;
43.2.3 that uSMART SG may refuse for any reason to accept orders to establish new positions;
43.2.4 uSMART SG may impose and enforce such limits, reduction or refusal whether or not the same are required by the Rules, SEHK or the relevant exchange; and
43.2.5 if uSMART SG goes into default, the default procedures of the relevant exchange may result in Options Contracts being closed out or replaced by Options Contracts between the Client and another options exchange participant or broker.
OPTIONS TRADING. If I want to trade options, I shall complete and execute appropriate applications and agreements for options trading. I understand that the application will be subject to acceptance. For information on the benefits, costs, and risks of Options Trading, see the Options Clearing Corporation’s publication “The Characteristics & Risks of Standardized Options” (xxxxx://xxx.xxxxxx.xxx/about/ publications/publication-listing.jsp) Options trading may not be available in all accounts types. For more information please contact your HSBC Securities representative or HSBC Securities at the phone number listed at the beginning of this agreement.
OPTIONS TRADING. In addition to the foregoing, the Exchange Act prohibits the Company's insiders may not buy or sell puts or calls or other derivative securities on the Company's securities.
OPTIONS TRADING. Customer understands that some exchanges and clearing houses have established cut-off times for the tender of exercise instructions and that an option will become worthless if instructions are not delivered before such expiration time. Customer also understands that certain exchanges and clearing houses automatically will exercise some "in-the-money" options unless instructed otherwise. Customer acknowledges full responsibility for taking action either to exercise or to prevent the exercise of an option contract, as the case may be, and Direct Access is not required to take any action with respect to an option contract, including without limitation any action to exercise a valuable option prior to its expiration date or to prevent the automatic exercise option, except upon Customer's express instructions. Customer further understands the Direct Access has established exercise cut-off times which may be different from the times established by exchanges and clearing houses. Further, Customer understands that (i) all short option positions are subject to assignment anytime including positions established on the same day that exercises are assigned, and (ii) exercise assignment notices are allocated randomly from among all Direct Access Customers' short options positions which are subject to exercise. A more detailed description of Direct Access’ allocation procedure is available upon request.
OPTIONS TRADING. The Client understands that some exchanges and clearing houses have established cutoff times for the tender of exercise instructions and that an Option will become worthless if instructions are not delivered before such expiration time. The Client also understands that certain exchanges and clearing houses automatically will exercise some ‘inthemoney’ Options unless instructed otherwise. The Client acknowledges full responsibility for taking action either to exercise or to prevent the exercise of an Option contract, as the case may be; Questrade is not required to take any action with respect to an Option contract, including without limitation any action to exercise a valuable Option prior to its expiration date or to prevent the automatic exercise of an Option, except upon the Client’s express instructions. The Client further understands that Questrade has established exercise cutoff times, which may be different from the times established by exchanges and clearing houses. The Client understands (i) all short Option positions are subject to assignment at any time, including positions established on the same day that exercises are assigned; and (ii) exercise assignment notices are allocated randomly from among all Questrade Clients’ short Options positions which are subject to exercise. A more detailed description of Questrade’s allocation procedure is available upon request.
OPTIONS TRADING. Options trading is available for eligible clients. While relatively conservative methods of trading options are common, options trading can be highly speculative. Some strategies expose the options investor to the risk of losing far more than their original investment, and unexpected events or unusual market volatility can make it extremely difficult and costly for an investor to close out open options positions. Dean Xxxxxx Xxxxxxxx xxxnot be responsible for conditions beyond its control including extreme market volatility or trading volume, governmental restrictions, or exchange and marketplace rulings including trading halts. Clients considering options trading should be convinced that they possess the requisite investment experience; have the financial resources to bear any potential losses their trading strategies could expose them to; and have concluded options trading is suitable within the overall context of their investment objectives. Applications for options trading are available upon request.
OPTIONS TRADING. The Introducing Broker represents that before it commences any trading in options for any Introduced Account, it will have a Senior Registered Options Principal registered with either the American Stock Exchange, Inc. or the National Association of Securities Dealers, Inc. (the "NASD").
