Orders and requests Clause Samples
Orders and requests. 3.1. The complete official information regarding the current trading conditions is located at ▇▇▇.▇▇▇.▇▇▇ in “Trading Conditions” section. The Company reserves a right to change the trading conditions with a prior notification as mentioned in p 7.3.
3.2. Client’s orders and requests
3.2.1. During trading operations the following execution methods are applied:
3.2.2. “Market execution” method – for Futures, Energies and Indices;
3.2.3. “Market execution” method – for FOREX market trading tools
3.2.4. Any Client’s order given by means of Metatrader 4 trading terminal generally goes through the following steps:
a) The Client submits an electronic order;
b) The client terminal sends the order or request to the server;
c) Provided there is a stable connectivity between the client terminal and the server, the order is received by the server and verified;
d) In case the order is valid, it is put into the queue. In this case “Please wait... Order is being processed by the server” message is displayed in the “Order” window of the client terminal;
e) The server returns the order processing results to the client terminal;
f) Provided there is a stable connectivity between the client terminal and the server, the terminal receives the order or request processing results.
3.2.5. The Client can cancel a sent order only while it is in queue with “Order is accepted” status. In this case the Client should press “Cancel order” button. Due to the specifics of Metatrader 4 platform order cancellation in this case cannot be guaranteed.
3.2.6. In case the order has reached the dealer and has “Order is in process” status, such order cannot be cancelled.
3.2.7. The time of the order processing depends on the connection between the client terminal and the Company’s server, as well as on the current market conditions. During regular market hours the order processing time usually is 1 to 5 seconds. In irregular market conditions, the processing time can last longer.
3.2.8. In case the current quote of the financial instrument changes at the moment when the Company is processing the Client’s request, the Company reserves the right to use the new price (Bid/Ask). In such case, the Client’s request will be processed at the new price.
3.2.9. A Client’s request is declined in the following cases:
a) During market opening when the order is sent before the first quote is received by the trading platform;
b) In irregular market conditions;
c) In case the Client doesn’t have sufficient margin...
Orders and requests. 3.1. The complete official information regarding the current trading conditions is located at ▇▇▇.▇▇▇.▇▇▇ in “Trading Conditions” section. The Company reserves a right to change the trading conditions with a prior notification as mentioned in p 7.3.
Orders and requests. The OLO submits to Dawiyat Integrated Orders (Submission of Order, SO) concerning services contained in Section 2 or submits Requests (Submission of Request, SR) for services or actions not agreed. Orders and requests shall be in writing and be signed by authorised staff of the OLO. The OLO e-mails and faxes the order to the designated Dawiyat Integrated contact point according to Annex D (Order Forms). Orders may be deemed to be non-standard when a significant and demonstrable impediment exists in Dawiyat Integrated, the effect of which is to prevent timely delivery of the ordered services. Non-standard orders are to be treated as Requests.