Placement and Execution of Orders. 12.1. The Client may place Orders on the Platform(s) or give Orders by phone by using his Access Data issued by the Company for that purpose and provided all the Essential Details are provided. 12.2. The Company will be entitled to rely and act on any Order given by using the Access Data on the Platform(s) or over the telephone without any further inquiry to the Client and any such Orders will be binding upon the Client. 12.3. Orders placed over the telephone will be placed by the Company on the Platform and shall appear in the Client Account. 12.4. Orders are executed according to the document titled “Summary of Best Interest and Order Execution Policy”, which is binding on the Client and a part of the Agreement. Depending on the type of the Client trading account the execution may be done on an own account basis by the Company acting as a principal to principal or transmitted for execution to another entity (known as STP). 12.5. The Company will use reasonable efforts to execute an Order, but it is agreed and understood that despite the Company’s reasonable efforts, transmission or execution may not always be achieved at all for reasons beyond the control of the Company, as explained in documents titled “Summary of Best Interest and Order Execution Policy”. 12.6. Orders must be placed within the normal Trading Hours of the Company, which are made available on its Website and/or the Platform, as these may be amended from time to time. 12.7. In the case where the Client is a legal person it is obliged to obtain a legal entity identifier (LEI) from an appropriate authority duly licensed to provide legal entity identifiers. In the case of a legal person, the Client may not (where provided by Applicable Regulations) be able to execute any Transactions with the Company if it does not possess a legal entity identifier.
Appears in 8 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Placement and Execution of Orders. 12.1. 12.1 The Client may place Orders on the Platform(s) or give Orders by phone by using his Access Data issued by the Company for that purpose and provided all the Essential Details are provided.
12.2. 12.2 The Company will be entitled to rely and act on any Order given by using the Access Data on the Platform(s) or over the telephone without any further inquiry to the Client and any such Orders will be binding upon the Client.
12.3. 12.3 Orders placed over the telephone will be placed by the Company on the Platform and shall appear in the Client Account.
12.4. 12.4 Orders are executed according to the document titled “Summary of Best Interest and Order Execution Policy”, which is binding on the Client and a part of the Agreement. Depending on the type of the Client trading account the execution may be done on an own account basis by the Company acting as a principal to principal or transmitted for execution to another entity (known as STP).
12.5. 12.5 The Company will use reasonable efforts to execute an Order, but it is agreed and understood that despite the Company’s reasonable efforts, transmission or execution may not always be achieved at all for reasons beyond the control of the Company, as explained in documents titled “Summary of Best Interest and Order Execution Policy”.
12.6. 12.6 Orders must be placed within the normal Trading Hours of the Company, which are made available on its Website and/or the Platform, as these may be amended from time to time.
12.7. 12.7 In the case where the Client is a legal person it is obliged to obtain a legal entity identifier (LEI) from an appropriate authority duly licensed to provide legal entity identifiers. In the case of a legal person, the Client may not (where provided by Applicable Regulations) be able to execute any Transactions with the Company if it does not possess a legal entity identifier.
Appears in 3 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
