The Account and Conduct of Exchange Traded Options Business Sample Clauses

The Account and Conduct of Exchange Traded Options Business. 2.1 The Client may from time to time instruct LFSHK, to effect any Exchange Traded Options Business. LFSHK shall have the right, in its absolute discretion and without reference to the Client, appoint any broker or agent to effect such Exchange Traded Options Business for and on behalf of the Client and in such event LFSHK shall not be responsible for any breach, non-observance or non- performance of its obligations hereunder by reason of any cause beyond its control including without limitation transmission or computer delays, errors or omissions, strikes and similar industrial action or any negligence, default, act, omission, breach or failure of any broker, agent, the SEHK or any relevant exchange to perform its duties and obligations. The Client acknowledges that the Client and LFSHK shall contract as principals under Client Contracts notwithstanding that all Options Contracts are to be executed on the SEHK.
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