Responsibility for Trade Errors Sample Clauses

Responsibility for Trade Errors. (a) You acknowledge that any Order submitted to the System is at your sole risk and will be irrevocable unless we otherwise consent.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Responsibility for Trade Errors. Trade errors may occur either when you trade your Account for which you provide Data to Interactive Advisors for purposes of managing a portfolio on the platform or when Interactive Advisors executes trades for Interactive Advisors Clients subscribing to your Data. To ensure pricing and execution fairness and prevent potential front-running by Portfolio Managers, Interactive Advisors places your trade order and the corresponding amounts to be routed for Clients following you (i.e., investing in a portfolio based on your Data) in a single order. Interactive Advisors then allocates the executed shares to your Account and subscribing Clients’ accounts on a pro rata basis, i.e., at the same average price per share with transaction costs shared equally. Generally, you will be responsible for trade errors in the following circumstances: ● You purchased or sold the wrong security or the wrong amount of securities in your account managing the Portfolio; ● You purchased or sold securities in the wrong account; ● You traded in your account managing the Portfolio outside IB’s online trading platform preventing Interactive Advisors from seeing the trades it needed to replicate into Client Accounts using its co-trading technology; or ● You withdrew or deposited cash into your account without providing Interactive Advisors with the 7-day advance notice required by the Trading Rules set forth in Appendix A, which prevented Interactive Advisors from properly mirroring your trade into Client accounts. Generally, you will not be responsible for trade errors in the following circumstances: ● Execution errors made by any broker-dealers, clearing firms, or custodians when an order was properly submitted for execution; and ● Unwarranted delays in trade replication for clients due to a failure in Interactive Advisors co-trading technology. You agree to reimburse Interactive Advisors for all Client losses caused by your errors in trading, including commissions or fees associated with reversal of erroneous trades in Client accounts subscribing to your Data. You agree to notify Interactive Advisors immediately in writing if you think that a trade error occurred in your Account. Interactive Advisors will in good faith determine whether a trade error for which Interactive Advisors Clients should receive compensation was caused by you or Interactive Advisors. When a trade error for which you are responsible occurs, Interactive Advisors will provide you with details regarding the error...
Sample 1Sample 2Sample 3See All (4)

Related to Responsibility for Trade Errors

  • Responsibility for Errors Consultant shall be responsible for its work and results under this Agreement. Consultant, when requested, shall furnish clarification and/or explanation as may be required by the City’s representative, regarding any services rendered under this Agreement at no additional cost to City. In the event that an error or omission attributable to Consultant occurs, then Consultant shall, at no cost to City, provide all necessary design drawings, estimates and other Consultant professional services necessary to rectify and correct the matter to the sole satisfaction of City and to participate in any meeting required with regard to the correction.

  • Your Responsibility for Errors You understand that we must rely on the information you provide, and you authorize us to act on any instruction which has been or reasonably appears to have been sent by you and to submit funds transfer instructions on your behalf. You understand that financial institutions receiving the funds transfer instructions may rely on such information. We are not obliged to take any further steps to confirm or authenticate such instructions and will act on them without getting further confirmation. You understand that if you provide us with incorrect information or if there is any error in your instruction, we will make all reasonable efforts to reverse or delete such instructions, but you accept full responsibility for losses resulting from any of your errors, duplication, ambiguities or fraud in the information that you provide. You agree not to impersonate any person or use a name that you are not authorized to use. If any information you provide is untrue, inaccurate, not current or incomplete, without limiting other remedies, Bank reserves the right to recover from you any costs or losses incurred as a direct or indirect result of the inaccurate or incomplete information.

  • Responsibility for Content Vendor is solely responsible for administration, content, intellectual property rights, and all materials at Vendor’s website. DIR reserves the right to require a change of listed content if, in the opinion of DIR, it does not adequately represent the Contract.

  • Responsibility for Damage Resident is solely responsible for any damage, defacement or loss within the assigned bedroom space. All assigned residents of an apartment are jointly and severally responsible for any damage, defacement or loss to common areas, other parts of the facility, fixtures or appliances, except for the portion of damages over $100,000 where it is finally established that Resident or one or more other residents of the apartment were solely at fault for the entire loss, in which case such person(s) will be solely responsible. Resident is fully responsible for the conduct of Resident’s guests, visitors, licensees and invitees (“Guests”), including without limitation harm to individuals or damage or defacement of any part of the Property or its fixtures or property of third parties (including other residents) by such Guests.

  • Responsibility for Loss In the event the Computer is lost or stolen, the Student and Parent may be billed the full cost of replacement.

  • Responsibility for Evaluation Within each school the Principal will be responsible for the evaluation of employees assigned to that school. Evaluation will be made by the Principal or a qualified administrator. An employee assigned to more than one school will be evaluated by the Principal of the school in which the employee is assigned for the greater amount of time, with input provided by the Principal of the other school. Any Principal or person charged with the responsibility of evaluation of employees may involve other staff and students in the process if acceptable to the certificated teacher being evaluated.

  • Responsibility for Subcontractors All requirements for the “Prime” contractor shall also apply to any and all subcontractors. It is the Prime Contractors’ responsibility to insure the compliance by the subcontractors. At all times the Prime Contractor remains liable to the Authority for the performance and compliance of his/her subcontractors.

  • Responsibility for Damages Contractor is responsible for all damage that occurs as a result of Contractor’s fault or negligence or that of its’ employees, agents, or representatives in connection with the performance of this Contract. Contractor shall immediately report any such damage to people and/or property to the Contract Administrator.

  • Responsibility for Equipment City shall not be responsible for any damage to persons or property as a result of the use, misuse or failure of any equipment used by Contractor, or by any of its employees, even though such equipment be furnished, rented or loaned to Contractor by City.

  • Consultant’s Responsibility Nothing herein shall be construed as limiting in any way the extent to which Consultant may be held responsible for damages resulting from Consultant’s operations, acts, omissions, or negligence. Insurance coverage obtained in the minimum amounts specified above shall not relieve Consultant of liability in excess of such minimum coverage, nor shall it preclude NCTC from taking other actions available to it under this Agreement or by law, including but not limited to, actions pursuant to Consultant’s indemnity obligations.

Time is Money Join Law Insider Premium to draft better contracts faster.