Special Risks of Algorithmic Orders Sample Clauses

Special Risks of Algorithmic Orders. IBKR makes available various order types that use computerized algorithms. These order types allow Client to input various conditions as part of an order placed with IBKR. Client agrees that if algorithmic order types are used, it is Client's responsibility to understand how the order type works, including through review of the information on the IBKR website describing particular order types. Algorithmic trading involves special risks, including, among others, the risk of software or design flaws, technical errors, adverse market impacts from algorithmic orders and rapid losses. Client understands and agrees to accept these risks when using algorithmic orders and Client waives any right to make claims against IBKR in connection with such orders.
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Special Risks of Algorithmic Orders. GPS authorizes IBKR make available various order types that use computerized algorithms. These order types allow Client to input various conditions as part of an order placed with GPS. Client agrees that if algorithmic order types are used, it is Client's responsibility to understand how the order type works, including through review of the information on the GPS website describing particular order types. Algorithmic trading involves special risks, including, among others, the risk of software or design flaws, technical errors, adverse market impacts from algorithmic orders and rapid losses. Client understands and agrees to accept these risks when using algorithmic orders and Client waives any right to make claims against GPS in connection with such orders.
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