Common use of Order Routing Clause in Contracts

Order Routing. i. Unless otherwise directed by Customer, AM UK has the discretion to select the third party broker marketplace to which to route any Customer order. To the extent that AM UK or any of its Affiliates provide execution services for Customer, AM UK is responsible for best execution in accordance with Applicable Regulations. ii. For investment products that are traded at multiple market centers, AM UK may provide an order-by -order best execution order-routing whereby the order is passed by AM AS to to a third party broker that will attempt to seek the best available terms for a Customer`s order using a proprietary, computerized routing algorithm ("Smart Routing"). iii. AM UK and its Affiliates cannot and do not warrant or guarantee that every Customer order will be executed at the best posted price. Among other things: (a) neither AM UK nor any of its Affiliates may have direct access to markets at which the securities may trade; (b) other orders may trade ahead of Customer`s order and exhaust available volume at a posted price; (c) exchanges, third party brokers or market makers may fail to honor their posted prices; (d) third party brokers or exchanges may re-route customer orders out of automated execution systems for manual handling (in which case, execution or representation of Customer`s order may be substantially delayed); or (e) the third party brokers or exchange Rules or decisions or systems delays or failures may prevent Customer`s order from being executed, may cause a delay in the execution of Customer`s order, or may cause Customer`s order not to be executed at the best posted price.

Order Routing. i. Unless otherwise directed by Customer▇▇▇▇▇▇▇▇, AM UK CY has the discretion to select the third party broker marketplace to which to route any Customer order. To the extent that AM UK CY or any of its Affiliates provide execution services for Customer, AM UK CY is responsible for best execution in accordance with Applicable Regulations. ii. For investment products that are traded at multiple market centers, AM UK CY may provide an order-by -order best execution order-routing whereby the order is passed by AM AS to to a third party broker that will attempt to seek the best available terms for a Customer`s Customer's order using a proprietary, computerized routing algorithm ("Smart Routing"). iii. AM UK CY and its Affiliates cannot and do not warrant or guarantee that every Customer order will be executed at the best posted price. Among other things: (a) neither AM UK CY nor any of its Affiliates may have direct access to markets at which the securities may trade; (b) other orders may trade ahead of Customer`s ▇▇▇▇▇▇▇▇'s order and exhaust available volume at a posted price; (c) exchanges, third party brokers or market makers may fail to honor their posted prices; (d) third party brokers or exchanges may re-route customer orders out of automated execution systems for manual handling (in which case, execution or representation of Customer`s Customer's order may be substantially delayed); or (e) the third party brokers or exchange Rules or decisions or systems delays or failures may prevent Customer`s Customer's order from being executed, may cause a delay in the execution of Customer`s Customer's order, or may cause Customer`s Customer's order not to be executed at the best posted price.