Common use of Placing Orders Clause in Contracts

Placing Orders. 5.1 We quote a two-way price in a Size acceptable to us involving a spread between the Buy and the Sell price. You may Buy at the higher price or Sell at the lower price, in each case in accordance with the terms of this Agreement. 5.2 Unless otherwise agreed, any prices shown via any Platform are indicative at the time shown and based on data which is subject to constant change. The execution price is that price which is confirmed to you at the time of execution. 5.3 Subject to clause 5.4 below, you may only make a Transaction with us during LCG Bahamas’s Quoting Hours for the Market in question and within the permissible Size(s) (unless otherwise agreed by us). The minimum and maximum Sizes are set by us by reference to the normal market Size for which prices are available on any relevant exchange or market and which offer live price information. The current minimum and maximum Sizes are available from us on request and the minimum Sizes are detailed on the Market Information. We are entitled to vary these Sizes limits and it is your responsibility to ensure that you know what the current Size limits are before making any Transactions. We also have the right to waive any Transaction Size limits with or without notice to you. 5.4 You may place Orders in any Market during LCG Bahamas’s Quoting Hours and outside LCG Bahamas’s Quoting Hours (excluding Guaranteed Stop Orders). However, no Orders of any kind in any Market will be executed outside of the LCG Bahamas Quoting Hours for that Market except by agreement with us. Upon the opening of any Market quoted by us any currently executable Order will be filled at our first Quote for the relevant Market that we are reasonably able to obtain with reference to the Underlying Market and the Size of the Order in question. 5.5 In respect of Markets quoted by us outside the trading hours of the relevant Underlying Market, all Orders are based on the LCG Bahamas Quote and may be filled at the LCG Bahamas Quote based on a price which is in our opinion fair and reasonable in light of prevailing world Markets at that time. 5.6 An Order can only be placed on the basis of a current valid Quote and you may only request for an Order to be executed on the prices currently quoted on a Platform. Our Quote is indicative only, it may change at any time and, on receipt, we may reject or accept your Order. Due to the nature of online trading systems and the potential unreliability of market price feeds, we may remove or delete Orders which in our opinion do not reflect the Underlying Market prices at the time of the placement of the relevant Order. We will not be responsible for losses or potential losses sustained by you on a rejected or cancelled Order. We are not responsible or liable for losses made with other companies on Transactions undertaken in connection with a rejected or cancelled Order. 5.7 If, before your Order is accepted by us, the LCG Bahamas Quote moves to your advantage (for example if you have requested a Buy the price goes down or if you have requested a Sell the price goes up) we may, but are not obligated to, pass on such advantage to you so that when we accept the Order the level at which we open or close the Transaction will be adjusted to the more favourable Quote. For the avoidance of doubt, we will not adjust the level of a Quote if it will be to your disadvantage. Any price improvement will be within limits set by us and we may reject any offer in accordance with clause 5.6 above. 5.8 Once an Order is triggered we may elect to allow you to amend the Order before it is executed by us. Although receipt of any Confirmation of an Order amendment is not binding on us, we may decide to execute the original Order if the activation of that Order occurred before the amendment was made. We will not be liable for any Transactions generated by your assumption of non-activation of a fairly executed Order. 5.9 It is your responsibility to cancel any Order that you no longer require. Any un-cancelled Order placed by you may be filled by us and may therefore cause losses for which you will be liable. In the case of Stop Loss Orders, if the related Transaction is closed the Stop Loss Order will be deemed automatically cancelled. If the associated Stop Loss Order on any open Transaction was actionable before you closed the open Transaction, we may adjust the closing price of your Transaction to reflect that Stop Level. 5.10 An Order that has been accepted by us will be executed when the LCG Bahamas Quote reaches the price specified in your Order or as near as possible if the market moves through your specified level. All Quotes are based upon an Underlying Market that is sourced from either a recognised global exchange (LSE, NYSE, LIFFE etc.) or from a wholesale counterparty (a quoting bank or market maker). Our Quote may be higher or lower than the Underlying Market due to interest rate costs, scrip issues, stock splits, competitors’ quotes or the volume of client business. The understanding of the definition of “Our Quote” is very important for the correct operation of your account. If you do not understand any part of its description you should contact us for an explanation. 5.11 We are not obliged to inform you if an Order is filled. It is solely your responsibility to ensure that you know at all times as to whether any Order has been filled or is still active and if you are in any doubt whatsoever as to the situation it is your sole responsibility to contact us immediately, in the first instance by telephone, in order to obtain clarification as to the validity of any Transaction. 5.12 Where a series of Orders may be filled to close existing open Transactions and/or open new Transactions then these Orders will be filled by us in any sequence determined by us. If this results in subsequent Orders having insufficient Trading Resources for activation, then these Orders will be cancelled. We will not look at Order filling sequences that may result in one Order being filled and another failing, we will fill Orders as and when they are seen by our dealers and at our sole discretion.

Placing Orders. 5.1 We quote a two-way price in a Size acceptable to us involving a spread between the Buy and the Sell price. You may Buy at the higher price or Sell at the lower price, in each case in accordance with the terms of this Agreement. 5.2 Unless otherwise agreed, any prices shown via any Platform are indicative at the time shown and based on data which is subject to constant change. The execution price is that price which is confirmed to you at the time of execution. 5.3 Subject to clause 5.4 below, you may only make a Transaction with us during LCG BahamasLCG’s Int. Quoting Hours for the Market in question and within the permissible Size(s) (unless otherwise agreed by us). The minimum and maximum Sizes are set by us by reference to the normal market Size for which prices are available on any relevant exchange or market and which offer live price information. The current minimum and maximum Sizes are available from us on request and the minimum Sizes are detailed on the Market Information. We are entitled to vary these Sizes limits and it is your responsibility to ensure that you know what the current Size limits are before making any Transactions. We also have the right to waive any Transaction Size limits with or without notice to you. 5.4 You may place Orders in any Market during LCG Bahamas’s Int. Quoting Hours and outside LCG Bahamas’s Int. Quoting Hours (excluding Guaranteed Stop Orders). However, no Orders of any kind in any Market will be executed outside of the LCG Bahamas Int. Quoting Hours for that Market except by agreement with us. Upon the opening of any Market quoted by us any currently executable Order will be filled at our first Quote for the relevant Market that we are reasonably able to obtain with reference to the Underlying Market and the Size of the Order in question. 5.5 In respect of Markets quoted by us outside the trading hours of the relevant Underlying Market, all Orders are based on the LCG Bahamas Int. Quote and may be filled at the LCG Bahamas Int. Quote based on a price which is in our opinion fair and reasonable in light of prevailing world Markets at that time. 5.6 An Order can only be placed on the basis of a current valid Quote and you may only request for an Order to be executed on the prices currently quoted on a Platform. Our Quote is indicative only, it may change at any time and, on receipt, we may reject or accept your Order. Due to the nature of online trading systems and the potential unreliability of market price feeds, we may remove or delete Orders which in our opinion do not reflect the Underlying Market prices at the time of the placement of the relevant Order. We will not be responsible for losses or potential losses sustained by you on a rejected or cancelled Order. We are not responsible or liable for losses made with other companies on Transactions undertaken in connection with a rejected or cancelled Order. 5.7 If, before your Order is accepted by us, the LCG Bahamas Int. Quote moves to your advantage (for example if you have requested a Buy the price goes down or if you have requested a Sell the price goes up) we may, but are not obligated to, pass on such advantage to you so that when we accept the Order the level at which we open or close the Transaction will be adjusted to the more favourable Quote. For the avoidance of doubt, we will not adjust the level of a Quote if it will be to your disadvantage. Any price improvement will be within limits set by us and we may reject any offer in accordance with clause 5.6 above. 5.8 Once an Order is triggered we may elect to allow you to amend the Order before it is executed by us. Although receipt of any Confirmation of an Order amendment is not binding on us, we may decide to execute the original Order if the activation of that Order occurred before the amendment was made. We will not be liable for any Transactions generated by your assumption of non-activation of a fairly executed Order. 5.9 It is your responsibility to cancel any Order that you no longer require. Any un-cancelled Order placed by you may be filled by us and may therefore cause losses for which you will be liable. In the case of Stop Loss Orders, if the related Transaction is closed the Stop Loss Order will be deemed automatically cancelled. If the associated Stop Loss Order on any open Transaction was actionable before you closed the open Transaction, we may adjust the closing price of your Transaction to reflect that Stop Level. 5.10 An Order that has been accepted by us will be executed when the LCG Bahamas Int. Quote reaches the price specified in your Order or as near as possible if the market moves through your specified level. All Quotes are based upon an Underlying Market that is sourced from either a recognised global exchange (LSE, NYSE, LIFFE etc.) or from a wholesale counterparty (a quoting bank or market maker). Our Quote may be higher or lower than the Underlying Market due to interest rate costs, scrip issues, stock splits, competitors’ quotes or the volume of client business. The understanding of the definition of “Our Quote” is very important for the correct operation of your account. If you do not understand any part of its description you should contact us for an explanation. 5.11 We are not obliged to inform you if an Order is filled. It is solely your responsibility to ensure that you know at all times as to whether any Order has been filled or is still active and if you are in any doubt whatsoever as to the situation it is your sole responsibility to contact us immediately, in the first instance by telephone, in order to obtain clarification as to the validity of any Transaction. 5.12 Where a series of Orders may be filled to close existing open Transactions and/or open new Transactions then these Orders will be filled by us in any sequence determined by us. If this results in subsequent Orders having insufficient Trading Resources for activation, then these Orders will be cancelled. We will not look at Order filling sequences that may result in one Order being filled and another failing, we will fill Orders as and when they are seen by our dealers and at our sole discretion.

Placing Orders. 5.1 8.1 We quote a two-way price in a Size acceptable to us involving a spread between the Buy and the Sell price. You may Buy at the higher price or Sell at the lower price, in each case in accordance with the terms of this Agreement. 5.2 8.2 Unless otherwise agreed, any prices shown via any Platform are indicative at the time shown and based on data which is subject to constant change. The execution price is that price which is confirmed to you at the time of execution. 5.3 8.3 Subject to clause 5.4 8.4 below, you may only make a Transaction with us during LCG Bahamas’s Quoting Hours for the Market in question and within the permissible Size(s) (unless otherwise agreed by us). The minimum and maximum Sizes are set by us by reference to the normal market Size for which prices are available on any relevant exchange or market and which offer live price information. The current minimum and maximum Sizes are available from us on request and the minimum Sizes are detailed on the Market Information. We are entitled to vary these Sizes limits and it is your responsibility to ensure that you know what the current Size limits are before making any Transactions. We also have the right to waive any Transaction Size limits with or without notice to you. 5.4 8.4 You may place Orders in any Market during LCG Bahamas’s Quoting Hours and outside LCG Bahamas’s Quoting Hours (excluding Guaranteed Stop Orders). However, However no Orders of any kind in any Market will be executed outside of the LCG Bahamas Quoting Hours for that Market except by agreement with us. Upon the opening of any Market quoted by us any currently executable Order will be filled at our first Quote for the relevant Market that we are reasonably able to obtain with reference to the Underlying Market and the Size of the Order in question. 5.5 8.5 In respect of Markets quoted by us outside the trading hours of the relevant Underlying Market, all Orders are based on the LCG Bahamas Quote and may be filled at the LCG Bahamas Quote based on a price which is in our opinion fair and reasonable in light of prevailing world Markets at that time. 5.6 8.6 An Order can only be placed on the basis of a current valid Quote and you may only request for an Order to be executed on the prices currently quoted on a Platform. Our Quote is indicative only. Due to the nature of online trading systems and the potential unreliability of market price feeds, it the price may change at any time and, on receipt, we may reject or accept your Order. Due Proper notification shall be sent to the nature of online trading systems and the potential unreliability of market price feeds, we may remove or delete Orders which in our opinion do not reflect the Underlying Market prices at the time of the placement of the relevant Order. We will you if your order shall not be responsible for losses or potential losses sustained by you on a rejected or cancelled Orderexecuted. We are not responsible or liable for losses made with other companies on Transactions undertaken in connection with a rejected or cancelled OrderOrders which shall not be executed. 5.7 8.7 If, before your Order is accepted by us, the LCG Bahamas Quote moves to your advantage (for example if you have requested a Buy the price goes down or if you have requested a Sell the price goes up) we may, but are not obligated to, pass on such advantage to you so that when we accept the Order the level at which we open or close the Transaction will be adjusted to the more favourable Quote. For the avoidance of doubt, doubt we will not adjust the level of a Quote if it will be to your disadvantage. Any price improvement will be within limits set by us and we may reject any offer in accordance with clause 5.6 8.6 above. 5.8 8.8 Once an Order is triggered we may elect to allow you to amend the Order before it is executed by us. Although receipt of any Confirmation of an Order amendment is not binding on us, we may decide to execute the original Order if the activation of that Order occurred before the amendment was made. We will not be liable for any Transactions generated by your assumption of non-non- activation of a fairly executed Order. 5.9 8.9 It is your responsibility to cancel any Order that you no longer require. Any un-cancelled Order placed by you may be filled by us and may therefore cause losses for which you will be liable. In the case of Stop Loss Orders, if the related Transaction is closed the Stop Loss Order will be deemed automatically cancelled. If the associated Stop Loss Order on any open Transaction was actionable before you closed the open Transaction, we may adjust the closing price of your Transaction to reflect that Stop Level. 5.10 8.10 An Order that has been accepted by us will be executed when the LCG Bahamas Quote reaches the price specified in your Order or as near as possible if the market moves through your specified level. All Quotes are based upon an Underlying Market that is sourced from either a recognised global exchange (LSE, NYSE, LIFFE etc.) or from a wholesale counterparty (a quoting bank or market maker). Our Quote may be higher or lower than the Underlying Market due to interest rate costs, scrip issues, stock splits, competitors’ quotes or the volume of client business. The understanding of the definition of “Our Quote” is very important for the correct operation of your account. If you do not understand any part of its description you should contact us for an explanation. 5.11 8.11 We are not obliged to inform you if an Order is filled. It is solely your responsibility to ensure that you know at all times as to whether any Order has been filled or is still active and if you are in any doubt whatsoever as to the situation it is your sole responsibility to contact us immediately, in the first instance by telephone, in order to obtain clarification as to the validity of any Transaction. 5.12 8.12 Where a series of Orders may be filled to close existing open Transactions and/or open new Transactions then these Orders will be filled by us in any sequence determined by us. If this results in subsequent Orders having insufficient Trading Resources for activation, then these Orders will be cancelled. We will not look at Order filling sequences that may result in one Order being filled and another failing, we will fill Orders as and when they are seen by our dealers and at our sole discretion.

Placing Orders. 5.1 We quote a two-way price in a Size acceptable to us involving a spread between the Buy and the Sell price. You may Buy at the higher price or Sell at the lower price, in each case in accordance with the terms of this Agreement. 5.2 Unless otherwise agreed, any prices shown via any Platform are indicative at the time shown and based on data which is subject to constant change. The execution price is that price which is confirmed to you at the time of execution. 5.3 Subject to clause 5.4 below, you may only make a Transaction with us during LCG BahamasXX0XXX.XXX’s Int. Quoting Hours for the Market in question and within the permissible Size(s) (unless otherwise agreed by us). The minimum and maximum Sizes are set by us by reference to the normal market Size for which prices are available on any relevant exchange or market and which offer live price information. The current minimum and maximum Sizes are available from us on request and the minimum Sizes are detailed on the Market Information. We are entitled to vary these Sizes limits and it is your responsibility to ensure that you know what the current Size limits are before making any Transactions. We also have the right to waive any Transaction Size limits with or without notice to you. 5.4 You may place Orders in any Market during LCG Bahamas’s XX0XXX.XXX Int. Quoting Hours and outside LCG Bahamas’s XX0XXX.XXX Int. Quoting Hours (excluding Guaranteed Stop Orders). However, no Orders of any kind in any Market will be executed outside of the LCG Bahamas XX0XXX.XXX Int. Quoting Hours for that Market except by agreement with us. Upon the opening of any Market quoted by us any currently executable Order will be filled at our first Quote for the relevant Market that we are reasonably able to obtain with reference to the Underlying Market and the Size of the Order in question. 5.5 In respect of Markets quoted by us outside the trading hours of the relevant Underlying Market, all Orders are based on the LCG Bahamas XX0XXX.XXX Int. Quote and may be filled at the LCG Bahamas XX0XXX.XXX Int. Quote based on a price which is in our opinion fair and reasonable in light of prevailing world Markets at that time. 5.6 An Order can only be placed on the basis of a current valid Quote and you may only request for an Order to be executed on the prices currently quoted on a Platform. Our Quote is indicative only, it may change at any time and, on receipt, we may reject or accept your Order. Due to the nature of online trading systems and the 7 potential unreliability of market price feeds, we may remove or delete Orders which in our opinion do not reflect the Underlying Market prices at the time of the placement of the relevant Order. We will not be responsible for losses or potential losses sustained by you on a rejected or cancelled Order. We are not responsible or liable for losses made with other companies on Transactions undertaken in connection with a rejected or cancelled Order. 5.7 If, before your Order is accepted by us, the LCG Bahamas XX0XXX.XXX Int. Quote moves to your advantage (for example if you have requested a Buy the price goes down or if you have requested a Sell the price goes up) we may, but are not obligated to, pass on such advantage to you so that when we accept the Order the level at which we open or close the Transaction will be adjusted to the more favourable Quote. For the avoidance of doubt, we will not adjust the level of a Quote if it will be to your disadvantage. Any price improvement will be within limits set by us and we may reject any offer in accordance with clause 5.6 above. 5.8 Once an Order is triggered we may elect to allow you to amend the Order before it is executed by us. Although receipt of any Confirmation of an Order amendment is not binding on us, we may decide to execute the original Order if the activation of that Order occurred before the amendment was made. We will not be liable for any Transactions generated by your assumption of non-activation of a fairly executed Order. 5.9 It is your responsibility to cancel any Order that you no longer require. Any un-cancelled Order placed by you may be filled by us and may therefore cause losses for which you will be liable. In the case of Stop Loss Orders, if the related Transaction is closed the Stop Loss Order will be deemed automatically cancelled. If the associated Stop Loss Order on any open Transaction was actionable before you closed the open Transaction, we may adjust the closing price of your Transaction to reflect that Stop Level. 5.10 An Order that has been accepted by us will be executed when the LCG Bahamas Quote XX0XXX.XXX reaches the price specified in your Order or as near as possible if the market moves through your specified level. All Quotes are based upon an Underlying Market that is sourced from either a recognised global exchange (LSE, NYSE, LIFFE etc.) or from a wholesale counterparty counter party (a quoting bank or market maker). Our Quote may be higher or lower than the Underlying Market due to interest rate costs, scrip issues, stock splits, competitors’ quotes or the volume of client business. The understanding of the definition of “Our Quote” is very important for the correct operation of your account. If you do not understand any part of its description you should contact us for an explanation. 5.11 We are not obliged to inform you if an Order is filled. It is solely your responsibility to ensure that you know at all times as to whether any Order has been filled or is still active and if you are in any doubt whatsoever as to the situation it is your sole responsibility to contact us immediately, in the first instance by telephone, in order to obtain clarification as to the validity of any Transaction. 5.12 Where a series of Orders may be filled to close existing open Transactions and/or open new Transactions then these Orders will be filled by us in any sequence determined by us. If this results in subsequent Orders having insufficient Trading Resources for activation, then these Orders will be cancelled. We will not look at Order filling sequences that may result in one Order being filled and another failing, we will fill Orders as and when they are seen by our dealers and at our sole discretion.