Common use of Service Provider Does Not Take Responsibility for Third Party Account Managers Clause in Contracts

Service Provider Does Not Take Responsibility for Third Party Account Managers. Should a Customer grant a Third Party Account Manager trading discretionary trading authority or control over the Customer’s Account, the Customer acknowledges that Service Provider does not take any responsibility for any action done by that Third Party on the Customer’s behalf. The Customer grants Third Party trading authority for the Customer’s Account at it sole, and full risk. Service Provider reserves the right to correct any deals executed on misquoting errors: In the case when a quoting error occurs that results in a Customer deal done at an off-market price, Service Provider reserves the sole discretionary right to make the necessary corrections and adjustments to the Customer’s Account whether it be in the favor of the Customer or not in the Customer’s favor. Any change will be reported to the Customer either verbally or via an electronic method such as but not limited to email.

Appears in 4 contracts

Samples: Client Agreement, Billion Ally, System Advance

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Service Provider Does Not Take Responsibility for Third Party Account Managers. Should a Customer grant a Third Party Account Manager trading discretionary trading authority or control over the Customer’s 's Account, the Customer acknowledges that Service Provider does not take any responsibility for any action done by that Third Party on the Customer’s 's behalf. The Customer grants Third Party trading authority for the Customer’s 's Account at it sole, and full risk. Service Provider reserves the right to correct any deals executed on misquoting errors: In the case when a quoting error occurs that results in a Customer deal done at an off-market price, Service Provider reserves the sole discretionary right to make the necessary corrections and adjustments to the Customer’s 's Account whether it be in the favor of the Customer or not in the Customer’s 's favor. Any change will be reported to the Customer either verbally or via an electronic method such as but not limited to emaile-mail.

Appears in 1 contract

Samples: Client Agreement

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