Common use of Order Routing Clause in Contracts

Order Routing. Unless otherwise directed, IB UK and/or its Affiliates will select the market/dealer to which to route Customer's orders. For products traded at multiple markets, IB UK may provide "Smart Routing", which seeks the best market for each order through a computerized algorithm. Customer should choose Smart Routing if available. If Customer directs orders to a particular market, Customer assumes responsibility for knowing and trading in accordance with the rules and policies of that market (e.g., trading hours, order types, etc.). IB UK and/or its Affiliates cannot guarantee execution of every order at the best posted price: IB UK and/or its Affiliates may not have access to every market/dealer; other orders may trade ahead; market centers may not honor posted prices or may re-route orders for manual handling; or market rules, decisions or system failures may prevent/delay execution of Customer's orders or cause orders not to receive the best price.

Appears in 5 contracts

Sources: Customer Agreement, Customer Agreement, Customer Agreement