Common use of ORDER CLOSING Clause in Contracts

ORDER CLOSING. 3.5.1 An order shall be closed when a relevant instruction has been sent from the Client’s trading terminal to the Company server. 3.5.2 A long position is closed at Bid price and a short position is closed at Ask price. 3.5.3 A Client's instruction to close the position is sent to the server after a relevant instruction has been sent from the Client’s terminal. 3.5.4 A Client's order may be closed when the current price reaches the Stop Loss or Take Profit levels. 3.5.5 If the Client’s instruction to close is received for processing during non-trading hours or before the first quotation appears in the trading terminal, such instruction will be cancelled by the s y s t e m . 3.5.6 If the Client’s instruction to close has been processed in error under circumstances referred to in clause 3.5.7 below, the Company has the right to cancel such operation and restore the order back to its original view, in which case the Client will be informed by the Company of the occurrence of such situation. 3.5.7 The Client's instruction to close the position is considered to be processed and the position closed after a relevant message has appeared in the server log file. 3.5.8 The Client’s instruction to close the order will be declined if on receipt of this instruction, the position is being executed at the Stop Loss or Take Profit level.

Appears in 8 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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ORDER CLOSING. 3.5.1 4.7.1. An order shall be closed when a relevant instruction has been sent from the Client’s trading terminal Terminal to the Company server. 3.5.2 4.7.2. A long position is closed at Bid price and a short position is closed at Ask price. 3.5.3 4.7.3. A Client's instruction to close the position is sent to the server after a relevant instruction has been sent from the Client’s terminalTerminal. 3.5.4 4.7.4. A Client's order may be closed when the current price reaches the Stop Loss or Take Profit levels. 3.5.5 4.7.5. If the Client’s instruction to close is received for processing during non-trading hours or before the first quotation appears in the trading terminalClient’s Terminal, such instruction will be cancelled canceled by the s y s t e m system. 3.5.6 4.7.6. If the Client’s instruction to close has been processed in error under circumstances referred to in clause 3.5.7 below4.7.5. of the Agreement, the Company has the right to cancel such operation and restore the order back to its original view, in which case the Client will be informed by the Company of the occurrence of such situation. 3.5.7 4.7.7. The Client's instruction to close the position is considered to be processed and the position closed after a relevant message has appeared in the server log file. 3.5.8 4.7.8. The Client’s instruction to close the order will be declined if on receipt of this instruction, the position is being executed at the Stop Loss or Take Profit level.

Appears in 1 contract

Samples: Client Agreement

ORDER CLOSING. 3.5.1 4.7.1. An order shall be closed when a relevant instruction has been sent from the Client’s trading terminal Terminal to the Company server. 3.5.2 4.7.2. A long position is closed at Bid price and a short position is closed at Ask price. 3.5.3 4.7.3. A Client's instruction to close the position is sent to the server after a relevant instruction has been sent from the Client’s terminalTerminal. 3.5.4 4.7.4. A Client's order may be closed when the current price reaches the Stop Loss or Take Profit levels. 3.5.5 4.7.5. If the Client’s instruction to close is received for processing during non-trading hours or before the first quotation appears in the trading terminalClient’s Terminal, such instruction will be cancelled canceled by the s y s t e m system. 3.5.6 4.7.6. If the Client’s instruction to close has been processed in error under circumstances referred to in clause 3.5.7 below4.7.5. of the Agreement, the Company has the right to cancel such operation and restore the order back to its original view, in which case the Client will be informed by the Company of the occurrence of such a situation. 3.5.7 4.7.7. The Client's instruction to close the position is considered to be processed and the position closed after a relevant message has appeared in the server log file. 3.5.8 4.7.8. The Client’s instruction to close the order will be declined if if, on receipt of this instruction, the position is being executed at the Stop Loss or Take Profit level.

Appears in 1 contract

Samples: Client Agreement

ORDER CLOSING. 3.5.1 4.7.1 An order shall be closed when a relevant instruction has been sent from the Client’s trading terminal to the Company server. 3.5.2 4.7.2 A long position is closed at Bid price and a short position is closed at Ask price. 3.5.3 4.7.3 A Client's instruction to close the position is sent to the server after a relevant instruction has been sent from the Client’s terminal. 3.5.4 4.7.4 A Client's order may be closed when the current price reaches the Stop Loss or Take Profit levels. 3.5.5 4.7.5 If the Client’s instruction to close is received for processing during non-trading hours or before the first quotation appears in the trading terminal, such instruction will be cancelled canceled by the s y s t e m system. 3.5.6 4.7.6 If the Client’s instruction to close has been processed in error under circumstances referred to in clause 3.5.7 below4.7.5 of the Agreement, the Company has the right to cancel such operation and restore the order back to its original view, in which case the Client will be informed by the Company of the occurrence of such situation. 3.5.7 4.7.7 The Client's instruction to close the position is considered to be processed and the position closed after a relevant message has appeared in the server log file. 3.5.8 4.7.8 The Client’s instruction to close the order will be declined if on receipt of this instruction, the position is being executed at the Stop Loss or Take Profit level.

Appears in 1 contract

Samples: Client Agreement

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ORDER CLOSING. 3.5.1 4.7.1 An order shall be closed when a relevant instruction has been sent from the Client’s trading terminal Terminal to the Company server. 3.5.2 4.7.2 A long position is closed at Bid price and a short position is closed at Ask price. 3.5.3 4.7.3 A Client's instruction to close the position is sent to the server after a relevant instruction has been sent from the Client’s terminalTerminal. 3.5.4 4.7.4 A Client's order may be closed when the current price reaches the Stop Loss or Take Profit levels. 3.5.5 4.7.5 If the Client’s instruction to close is received for processing during non-trading hours or before the first quotation appears in the trading terminalClient’s Terminal, such instruction will be cancelled canceled by the s y s t e m system. 3.5.6 4.7.6 If the Client’s instruction to close has been processed in error under circumstances referred to in clause 3.5.7 below4.7.5 of the Agreement, the Company has the right to cancel such operation and restore the order back to its original view, in which case the Client will be informed by the Company of the occurrence of such situation. 3.5.7 4.7.7 The Client's instruction to close the position is considered to be processed and the position closed after a relevant message has appeared in the server log file. 3.5.8 4.7.8 The Client’s instruction to close the order will be declined if on receipt of this instruction, the position is being executed at the Stop Loss or Take Profit level.

Appears in 1 contract

Samples: Client Agreement

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