Common use of Spread Clause in Contracts

Spread. A difference in Ask and Bid quotes expressed in points. Account A unique personalized accounting register of operations in the trading platform, which reflects complete transactions, open positions, non-trading operations and orders, as well as a status of balance. Account type Accumulation of conditions and services available to the Client which are formed on the basis of the minimum deposit sum. There is the minimum deposit sum for each account type. The maximum deposit sum depends on the chosen leverage. A unique identification number given to each open position or a pending order in the trading platform. Ticker A client’s operation of buying or selling any tool. An accumulation of software and hardware which provides an information on- line about the bidding in the financial markets, executing trading operations, record of mutual liabilities between the Client and the Dealer, as well as observing conditions and limitations. In the simplified form for the goal of the present Agreement it consists of “Server” and “Client terminal”. A unique personalized register of operations in the trading platform, which reflects completed transactions, open positions, non-trading operations and orders. A quote stated in an order. Events which could not have been foreseen or prevented. See details in §10. Force majeure circumstances of the present Agreement. A closing quote for a minute bar which preceded a minute bar with off-market quote. Any of the two situations: - Bid of the current quote is bigger than Ask of the previous quote; - Ask of the current quote is smaller than Bid of the previous quote. Any of the two situations: - Bid of the today’s opening market quote is bigger than Ask of the yesterday’s closing market quote; - Ask of the today’s opening market quote is smaller than Bid of the yesterday’s closing market quote. An Opening/closing of the Client’s position, or an execution of the Client’s order by the Dealer at a quote significantly different from the quote for the tool in the quote flow at the moment of the action, or any other action or a lack of action of the Dealer connected to the Dealer’s obviously wrong identifying of the quote level on the market at a given time. The higher quote in the quotes. The quote at which the Client can buy. The lower quote in the quotes. The quote at which the Client can sell. The current account balance. It is defined by the formula: Equity = Balance + Floating Profit - Floating Loss. The security to open and maintain locked positions required by the Dealer. It Thin market The market condition, when during a long period of time quotes enter the trading platform more rarely than in the regular market conditions. Trading operation Trading platform Trading account Order level Force majeure circumstances Quote preceding off- market quote Price gap Price gap at the market opening Obvious error Ask Bid Equity Hedged margin Lock Market Execution Long Short Маrgin Level Margin Call Contract Specification Spike Stop out Swap Trailing Stop Slippage is fixed in the contract specification for each tool. see «Locked positions». An execution of the Client’s order at the liquidity providers’ best price. See “Long position” See «Short position». A ratio between the equity and the necessary margin, expressed in the percentage. It is defined by the formula: Margin Level = (Equity / Margin) * 100%. The account condition, when the Dealer is entitled but not liable to close all open positions of the Client due to the lack of the free margin. Margin level whereby a margin call situation occurs is stated in the present Agreement. The principal trading terms (spread, lot size, minimum position volume, initial margin, margin for locked positions etc.) for each trading tool. See «Off-market quote». The order for a mandatory position closure, generated by the Server. An overnight or rollover interest for holding positions overnight. Swap may be either positive or negative. A table with “Swap” values for each tool is given at the FBS website. The following algorithm for executing a Stop Loss order: - while profit on an open position does not exceed the Trailing Stop value, take no actions; - as soon as profit on an open position exceeds the Trailing Stop value, send an order to the Server to place a Stop Loss order at the price as far from the current quote as the Trailing Stop value; - as soon as a quote is received that is farther from the set Stop Loss order than the Trailing Stop value, send an order to the Server to change the Stop Loss order level to set it as far from the current quote as the Trailing Stop value. Trailing Stop functions only when the client terminal is activated, connected to the Internet and is successfully authorized at the Server. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is mostly prevalent during the periods of higher volatility when market orders are used. It can also occur when a large order is executed but there isn't enough volume at the chosen price to maintain the current bid/ask spread.

Spread. A difference in Ask and Bid quotes expressed in points. Account A unique personalized accounting register of operations in the trading platform, which reflects complete transactions, open positions, non-trading operations and orders, as well as a status of balance. Account type Accumulation of conditions and services available to the Client which are formed on the basis of the minimum deposit sum. There is the minimum deposit sum for each account type. The maximum deposit sum depends on the chosen leverage. A unique identification number given to each open position or a pending order in the trading platform. Ticker A client’s operation of buying or selling any tool. An accumulation of software and hardware which provides an information on- line about the bidding in the financial markets, executing trading operations, record of mutual liabilities between the Client and the Dealer, as well as observing conditions and limitations. In the simplified form for the goal of the present Agreement it consists of “Server” and “Client terminal”. A unique personalized register of operations in the trading platform, which reflects completed transactions, open positions, non-trading operations and orders. A quote stated in an order. Events which could not have been foreseen or prevented. See details in §10. Force majeure circumstances of the present Agreement. A closing quote for a minute bar which preceded a minute bar with off-market quote. Any of the two situations: - Bid of the current quote is bigger than Ask of the previous quote; - Ask of the current quote is smaller than Bid of the previous quote. Any of the two situations: - Bid of the today’s opening market quote is bigger than Ask of the yesterday’s closing market quote; - Ask of the today’s opening market quote is smaller than Bid of the yesterday’s closing market quote. An Opening/closing of the Client’s position, or an execution of the Client’s order by the Dealer at a quote significantly different from the quote for the tool in the quote flow at the moment of the action, or any other action or a lack of action of the Dealer connected to the Dealer’s obviously wrong identifying of the quote level on the market at a given time. The higher quote in the quotes. The quote at which the Client can buy. The lower quote in the quotes. The quote at which the Client can sell. The current account balance. It is defined by the formula: Equity = Balance + Floating Profit - Floating Loss. The security to open and maintain locked positions required by the Dealer. It Thin market The market condition, when during a long period of time quotes enter the trading platform more rarely than in the regular market conditions. Trading operation Trading platform Trading account Order level Force majeure circumstances Quote preceding off- market quote Price gap Price gap at the market opening Obvious error Ask Bid Equity Hedged margin Lock Market Execution Long Short Маrgin Level Margin Call Contract Specification Spike Stop out Swap Trailing Stop Slippage The current account balance. It is defined by the formula: Equity = Balance + Floating Profit - Floating Loss. The security to open and maintain locked positions required by the Dealer. It is fixed in the contract specification for each tool. Hedged margin Lock see «Locked positions». An execution of the Client’s order at the liquidity providers’ best price. Market Execution Long See “Long position” See «Short position». Short Маrgin Level A ratio between the equity and the necessary margin, expressed in the percentage. It is defined by the formula: Margin Level = (Equity / Margin) * 100%. The account condition, when the Dealer is entitled but not liable to close all open positions of the Client due to the lack of the free margin. Margin level whereby a margin call situation occurs is stated in the present Agreement. Margin Call Contract Specification The principal trading terms (spread, lot size, minimum position volume, initial margin, margin for locked positions etc.) for each trading tool. See «Off-market quote». Spike Stop out The order for a mandatory position closure, generated by the Server. An overnight or rollover interest for holding positions overnight. Swap may be either positive or negative. A table with “Swap” values for each tool is given at the FBS website. Swap Trailing Stop The following algorithm for executing a Stop Loss order: - while profit on an open position does not exceed the Trailing Stop value, take no actions; - as soon as profit on an open position exceeds the Trailing Stop value, send an order to the Server to place a Stop Loss order at the price as far from the current quote as the Trailing Stop value; - as soon as a quote is received that is farther from the set Stop Loss order than the Trailing Stop value, send an order to the Server to change the Stop Loss order level to set it as far from the current quote as the Trailing Stop value. Trailing Stop functions only when the client terminal is activated, connected to the Internet and is successfully authorized at the Server. Slippage refers to the difference between the expected price of a trade and Slippage the price at which the trade is executed. Slippage can occur at any time but is mostly prevalent during the periods of higher volatility when market orders are used. It can also occur when a large order is executed but there isn't enough volume at the chosen price to maintain the current bid/ask spread.

Spread. A difference in Ask and Bid quotes expressed in points. Account A unique personalized accounting register of operations in the trading platform, which reflects complete transactions, open positions, non-trading operations and orders, as well as a status of balance. Account type Accumulation of conditions and services available to the Client which are formed on the basis of the minimum deposit sum. There is the minimum deposit sum for each account type. The maximum deposit sum depends on the chosen leverage. A unique identification number given to each open position or a pending order in the trading platform. Ticker A client’s operation of buying or selling any tool. An accumulation of software and hardware which provides an information on- on-line about the bidding in the financial markets, executing trading operations, record of mutual liabilities between the Client and the Dealer, as well as observing conditions and limitations. In the simplified form for the goal of the present Agreement it consists of “Server” and “Client terminal”. A unique personalized register of operations in the trading platform, which reflects completed transactions, open positions, non-trading operations and orders. A quote stated in an order. Events which could not have been foreseen or prevented. See details in §10. Force majeure circumstances of the present Agreement. A closing quote for a minute bar which preceded a minute bar with off-off- market quote. Any of the two situations: - Bid of the current quote is bigger than Ask of the previous quote; - Ask of the current quote is smaller than Bid of the previous quote. Any of the two situations: - Bid of the today’s opening market quote is bigger than Ask of the yesterday’s closing market quote; - Ask of the today’s opening market quote is smaller than Bid of the yesterday’s closing market quote. An Opening/closing of the Client’s position, or an execution of the Client’s order by the Dealer at a quote significantly different from the quote for the tool in the quote flow at the moment of the action, or any other action or a lack of action of the Dealer connected to the Dealer’s obviously wrong identifying of the quote level on the market at a given time. The higher quote in the quotes. The quote at which the Client can buy. The lower quote in the quotes. The quote at which the Client can sell. The current account balance. It is defined by the formula: Equity = Balance + Floating Profit - Floating Loss. The security to open and maintain locked positions required by the Dealer. It Thin market The market condition, when during a long period of time quotes enter the trading platform more rarely than in the regular market conditions. Trading operation Trading platform Trading account Order level Force majeure circumstances Quote preceding off- market quote Price gap Price gap at the market opening Obvious error Ask Bid Equity The current account balance. It is defined by the formula: Equity = Balance + Floating Profit - Floating Loss. Hedged margin Lock Market Execution Long Short Маrgin Level Margin Call Contract Specification Spike Stop out Swap Trailing Stop Slippage The security to open and maintain locked positions required by the Dealer. It is fixed in the contract specification for each tool. see «Locked positions». An execution of the Client’s order at the liquidity providers’ best price. See “Long position” See «Short position». A ratio between the equity and the necessary margin, expressed in the percentage. It is defined by the formula: Margin Level = (Equity / Margin) * 100%. The account condition, when the Dealer is entitled but not liable to close all open positions of the Client due to the lack of the free margin. Margin level whereby a margin call situation occurs is stated in the present Agreement. The principal trading terms (spread, lot size, minimum position volume, initial margin, margin for locked positions etc.) for each trading tool. See «Off-market quote». The order for a mandatory position closure, generated by the Server. An overnight or rollover interest for holding positions overnight. Swap may be either positive or negative. A table with “Swap” values for each tool is given at the FBS website. The following algorithm for executing a Stop Loss order: - while profit on an open position does not exceed the Trailing Stop value, take no actions; - as soon as profit on an open position exceeds the Trailing Stop value, send an order to the Server to place a Stop Loss order at the price as far from the current quote as the Trailing Stop value; - as soon as a quote is received that is farther from the set Stop Loss order than the Trailing Stop value, send an order to the Server to change the Stop Loss order level to set it as far from the current quote as the Trailing Stop value. Trailing Stop functions only when the client terminal is activated, connected to the Internet and is successfully authorized at the Server. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is mostly prevalent during the periods of higher volatility when market orders are used. It can also occur when a large order is executed but there isn't enough volume at the chosen price to maintain the current bid/ask spread.

Spread. A difference in Ask and Bid quotes expressed in points. Account A unique personalized accounting register of operations in the trading platform, which reflects complete transactions, open positions, non-trading operations and orders, as well as a status of balance. Account type Accumulation of conditions and services available to the Client which are formed on the basis of the minimum deposit sum. There is the minimum deposit sum for each account type. The maximum deposit sum depends on the chosen leverage. A unique identification number given to each open position or a pending order in the trading platform. Ticker Thin market The market condition, when during a long period of time quotes enter the trading platform more rarely than in the regular market conditions. Trading operation Trading platform Trading account Order level Force majeure circumstances Quote preceding off- market quote Price gap Price gap at the market opening Obvious error Ask Bid Equity Hedged margin A client’s operation of buying or selling any tool. An accumulation of software and hardware which provides an information on- on-line about the bidding in the financial markets, executing trading operations, record of mutual liabilities between the Client and the Dealer, as well as observing conditions and limitations. In the simplified form for the goal of the present Agreement it consists of “Server” and “Client terminal”. A unique personalized register of operations in the trading platform, which reflects completed transactions, open positions, non-trading operations and orders. A quote stated in an order. Events which could not have been foreseen or prevented. See details in §10. Force majeure circumstances of the present Agreement. A closing quote for a minute bar which preceded a minute bar with off-off- market quote. Any of the two situations: - Bid of the current quote is bigger than Ask of the previous quote; - Ask of the current quote is smaller than Bid of the previous quote. Any of the two situations: - Bid of the today’s opening market quote is bigger than Ask of the yesterday’s closing market quote; - Ask of the today’s opening market quote is smaller than Bid of the yesterday’s closing market quote. An Opening/closing of the Client’s position, or an execution of the Client’s order by the Dealer at a quote significantly different from the quote for the tool in the quote flow at the moment of the action, or any other action or a lack of action of the Dealer connected to the Dealer’s obviously wrong identifying of the quote level on the market at a given time. The higher quote in the quotes. The quote at which the Client can buy. The lower quote in the quotes. The quote at which the Client can sell. The current account balance. It is defined by the formula: Equity = Balance + Floating Profit - Floating Loss. The security to open and maintain locked positions required by the Dealer. It Thin market The market condition, when during a long period of time quotes enter the trading platform more rarely than in the regular market conditions. Trading operation Trading platform Trading account Order level Force majeure circumstances Quote preceding off- market quote Price gap Price gap at the market opening Obvious error Ask Bid Equity Hedged margin Lock Market Execution Long Short Маrgin Level Margin Call Contract Specification Spike Stop out Swap Trailing Stop Slippage is fixed in the contract specification for each tool. Lock see «Locked positions». An execution of the Client’s order at the liquidity providers’ best price. Market Execution Long See “Long position” See «Short position». Short Маrgin Level A ratio between the equity and the necessary margin, expressed in the percentage. It is defined by the formula: Margin Level = (Equity / Margin) * 100%. The account condition, when the Dealer is entitled but not liable to close all open positions of the Client due to the lack of the free margin. Margin level whereby a margin call situation occurs is stated in the present Agreement. Margin Call Contract Specification The principal trading terms (spread, lot size, minimum position volume, initial margin, margin for locked positions etc.) for each trading tool. See «Off-market quote». Spike Stop out The order for a mandatory position closure, generated by the Server. An overnight or rollover interest for holding positions overnight. Swap may be either positive or negative. A table with “Swap” values for each tool is given at the FBS website. Swap Trailing Stop The following algorithm for executing a Stop Loss order: - while profit on an open position does not exceed the Trailing Stop value, take no actions; - as soon as profit on an open position exceeds the Trailing Stop value, send an order to the Server to place a Stop Loss order at the price as far from the current quote as the Trailing Stop value; - as soon as a quote is received that is farther from the set Stop Loss order than the Trailing Stop value, send an order to the Server to change the Stop Loss order level to set it as far from the current quote as the Trailing Stop value. Trailing Stop functions only when the client terminal is activated, connected to the Internet and is successfully authorized at the Server. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is mostly prevalent during the periods of higher volatility when market orders are used. It can also occur when a large order is executed but there isn't enough Slippage volume at the chosen price to maintain the current bid/ask spread.