Common use of PLACING PENDING ORDERS Clause in Contracts

PLACING PENDING ORDERS. 9.1 In a direction to place pending order, Client should specify the following: (a) Compulsory parameters: instrument, volume, order type (Buy Stop, Sell Stop, Buy Limit, Sell Limit), price level; (b) Optional parameters: Take Profit price level, Stop Loss price level, Expiration time of pending order. 9.2 A pending order will be denied in case of wrong input of compulsory or optional parameters. 9.3 The Company has the right to refuse the Client’s request to place a pending order, if the equity on the Client’s trading account is less than the margin required for the execution of the order. 9.4 A pending order will be denied in case a price level in the order does not comply with the condition "Limit & Stop Levels". 9.5 Condition "Limit & Stop Levels" assumes that pending orders cannot be placed closer than within a minimal number of points against current price. The values of "Limit & Stop Levels" for each instrument are specified in the Contract Specifications. 9.6 The Client’s direction to place an order is assumed to be executed and an order is assumed to be placed after an appropriate record is made in the server’s log-file.

Appears in 4 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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PLACING PENDING ORDERS. 9.1 In a direction to place pending order, Client Customer should specify the following: (a) Compulsory parameters: instrument, volume, order type (Buy Stop, Sell Stop, Buy Limit, Sell Limit), price level; (b) Optional parameters: Take Profit price level, Stop Loss price level, the Expiration time of pending order. 9.2 A pending order will be denied in case of wrong input of compulsory or optional parameters. 9.3 The Company has the right to refuse the ClientCustomer’s request to place a pending order, order if the equity on the ClientCustomer’s trading account is less than the margin required for the execution of the order. 9.4 A pending order will be denied in case a price level in the order does not comply with the condition "Limit & Stop Levels". 9.5 Condition "Limit & Stop Levels" assumes that pending orders cannot be placed closer than within a minimal number of points against the current price. The values of "Limit & Stop Levels" for each instrument are specified in the Contract Specifications. 9.6 The ClientCustomer’s direction to place an order is assumed to be executed and an the order is assumed to be placed after an appropriate record is made in the server’s log-log file.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

PLACING PENDING ORDERS. 9.1 In a direction to place pending order, Client should specify the following: (a) Compulsory parameters: instrument, volume, order type (Buy Stop, Sell Stop, Buy Limit, Sell Limit), price level; (b) Optional parameters: Take Profit price level, Stop Loss price level, Expiration time of pending order. 9.2 A pending order will be denied in case of wrong input of compulsory or optional parameters. 9.3 The Company has the right to refuse the Client’s request to place a pending order, if the equity on the Client’s trading account is less than the margin required for the execution of the order. 9.4 A pending order will be denied in case a price level in the order does not comply with the condition "Limit & Stop Levels". 9.5 Condition "Limit & Stop Levels" assumes that pending orders order cannot be placed closer than within a minimal number of points against current price. The values of "Limit & Stop Levels" for each instrument are specified in the Contract Specifications. 9.6 The Client’s direction to place an order anorder is assumed to be executed and an order is assumed to be placed after an appropriate record is made in the server’s log-file.

Appears in 1 contract

Samples: Client Agreement

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PLACING PENDING ORDERS. 9.1 In a direction to place pending order, Client Customer should specify the following: (a) Compulsory parameters: instrument, volume, order type (Buy Stop, Sell Stop, Buy Limit, Sell Limit), price level; (b) Optional parameters: Take Profit price level, Stop Loss price level, Expiration time of pending order. 9.2 A pending order will be denied in case of wrong input of compulsory or optional parameters. 9.3 The Company has the right to refuse the ClientCustomer’s request to place a pending order, if the equity on the ClientCustomer’s trading account is less than the margin required for the execution of the order. 9.4 A pending order will be denied in case a price level in the order does not comply with the condition "Limit & Stop Levels". 9.5 Condition "Limit & Stop Levels" assumes that pending orders order cannot be placed closer than within a minimal number of points against current price. The values of "Limit & Stop Levels" for each instrument are specified in the Contract Specifications. 9.6 The ClientCustomer’s direction to place an order is assumed to be executed and an order is assumed to be placed after an appropriate record is made in the server’s log-file.

Appears in 1 contract

Samples: Customer Agreement

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