Common use of Order Types Clause in Contracts

Order Types. I understand that RHC allows the following types of orders to be placed on the Robinhood Platform: i) Market Orders. Market orders may be submitted either in U.S. dollar (“USD”) amounts or in Cryptocurrency amounts. I understand that (A) RHC does not currently support sending traditional market buy orders and that RHC collars all market buy orders by using limit orders priced up to 1% above the last ask price, and (B) RHC does not currently support sending traditional market sell orders and that RHC collars all market sell orders by using limit orders priced up to 5% below the last bid price. If I place a market order, I agree to pay or receive the prevailing market price at the time my market order is executed, subject to the specific clarification above relating to buy and sell orders. I understand that the execution price may be significantly higher or lower than anticipated at the time I placed the order.

Appears in 5 contracts

Samples: User Agreement, User Agreement, User Agreement

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