Processing and Execution of Instruments to Close a position Sample Clauses

Processing and Execution of Instruments to Close a position. The Company has the right to requote if the current Quote changes whilst a Dealer processes a Client’s request or instruction. The requote window will be enabled if in the “Order” window there is a tick in the “Enable Maximum deviation from quoted price” box and the ‘Maximum deviation” field equals to zero. If the Client does not press “OK” within three (3) seconds the Quote becomes invalid and it will be concluded that the Client refuses to close a position. In the event that a Client amongst his/her open positions wishes to close against a matching open position of the same instrument then the Client may do so by choosing from the drop-down list “Close by” item in the “Type”. Upon matching/closing the Client’s chosen positions the Client will have either a zero or net Long/Short Position based upon the net overall exposure. The Client should note that the net overall position will be allocated a new Ticker. The same applies if the Client has multiple position by choosing from the drop-down list “Multiple Close by” item in the “Type”. An instruction to close a position is deemed executed and the position is deemed closed once the relevant record appears in the server log-file. In order to close a position, the following Orders may be used: “Stop Loss” an order to close a previously opened position at the price less profitable for the Client than the price at the moment of placing the Order;