Common use of Reception and Transmission of Orders Clause in Contracts

Reception and Transmission of Orders. Subject to any specific instructions given to Cantor by the Client, we may transmit an Order that we receive from the Client to another entity affiliated to Cantor or to an external entity (such as a third party broker) for execution where it is decided that this method is more likely to achieve the best possible result for a particular instrument or order. When we transmit such Orders we will have obligations to ensure that it is in the Client’s best interest, and are under an obligation to take all reasonable steps to obtain the BPR for the Client. We will satisfy ourselves that that third party/affiliate has arrangements in place to enable us to comply with our obligation to the Client. If we transmit or place an order to other dealers/affiliates, we will monitor the standards of execution received from them.