Common use of Special Risks of Algorithmic Orders Clause in Contracts

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.

Special Risks of Algorithmic Orders. IBKR IBUK makes available various order types that use computerized computerised algorithms. These order types allow the Client to input various conditions as part of an order placed with IBKRIBUK. The Client agrees that if algorithmic order types are used, it is the Client's responsibility to understand how the order type works, including through review of the information on the IBKR IBUK 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. The Client understands and agrees to accept these risks when using algorithmic orders and the Client waives any right to make claims against IBKR IBUK in connection with such orders.