Trade Rotation Policy Sample Clauses

Trade Rotation Policy. MFWM has adopted a trade rotation policy that is designed to ensure that we do not trade on behalf of any group of clients in a manner that unintentionally favors client accounts held at one Custodian over another. To meet this objective, we have established written trade rotation procedures. Along with using block trades to aggregate client accounts who use the same Custodian (as described above), we utilize a rotation schedule, which lists the trade rotation order used when MFWM places trades among different Custodians. The rotation schedule is designed as an internal control to ensure that all client accounts are treated fairly and equitably over time to the extent it is practicable. Custodians are placed on a daily rotation schedule with the first Custodian to begin trading on a particular day then moving to the bottom of the order on the next day, and so on. The potential impact to execution prices would be movement in the underlying security (of which the impact could be positive or negative to client accounts held at any particular Custodian in the trade rotation on that trading day). As such, you acknowledge and agree that where your Account falls in the rotation could favorably or adversely affect your execution relative to other clients. However, the nature of trade rotation is intended in the long run to provide fair placement and execution to all clients across Custodians.
Sample 1
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Trade Rotation Policy. MFWM has adopted policies to ensure orders are not entered first on behalf of the clients of the same Custodian each day. The trade rotation policy is designed to ensure that we do not trade on behalf of any group of clients in a manner that unintentionally favors client accounts held at one Custodian over another. To meet this objective, we have established written trade rotation procedures. Along with using block trades to aggregate client accounts who use the same Custodian (as described above), we utilize a rotation schedule, which lists the trade rotation order used when MFWM places trades among different Custodians. The rotation schedule is designed as an internal control to ensure that all client accounts are treated fairly and equitably over time to the extent it is practicable. Custodians are placed on a daily rotation schedule with the first Custodian to begin trading on a particular day then moving to the bottom of the order on the next day, and so on. The potential impact to execution prices would be movement in the underlying security (of which the impact could be positive or negative to client accounts held at any particular Custodian in the trade rotation on that trading day). As such, you acknowledge and agree that where a your Account falls in the rotation could favorably or adversely affect your execution relative to other clients. However, the nature of trade rotation is intended in the long run to provide fair placement and execution to all clients across Custodians.
Sample 1

Related to Trade Rotation Policy

  • Vacation Policy The Executive shall be entitled to a paid vacation of four weeks during each year of the Term.

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  • Competition Policy 1. The Parties recognize the importance of cooperation and technical assistance between their national competition authorities, including inter alia, the exchange of information and experiences, and the improvement of technical capacities in order to reinforce their competition policies. 2. In this sense, cooperation shall be conducted in accordance with their respective domestic laws and through their national competition authorities, who may sign a cooperation agreement.

  • Cancellation Policy In the event that you must cancel your reservation, please be aware that cancellations must occur at least 30 days prior to the arrival date. If cancellation occurs 30 days or more prior to arrival date all monies will be refunded with the exception of a $100.00 administrative fee.

  • Union Policy Grievance The Union may institute a grievance consisting of an allegation of a general misinterpretation or a violation by the Employer of this Agreement in writing at Step Number 2 of the grievance procedure, providing that it is presented within ten (10) working days after the circumstances giving rise to the grievance have originated or occurred. However, it is expressly understood that the provisions of this clause may not be used to institute a grievance directly affecting an employee or employees which such employee or employees could themselves initiate as an individual or group grievance and the regular grievance procedure shall not be thereby bypassed.

  • Return Policy Subject to the requirements of this Agreement, Customer may return standard Hardware and Software within thirty (30) days of the invoice date. NI reserves the right to charge Customer a fifteen percent (15%) restocking fee for any Products returned to NI. No returns will be accepted after the thirty (30) day period has expired. A Return Material Authorization (RMA) number is required for Customer to return any Products. Acceptance of returns of customized Products and Non-NI Branded Products is in the sole discretion of NI.

  • Distribution Policy Notwithstanding any other provision of this Agreement, distributions will be made only to Member(s) with positive Adjusted Capital Account Balances (calculated following all allocations for the period ending immediately prior to the distribution) and then to each such Member only to the extent of such Member’s positive Adjusted Capital Account Balance.

  • SPAM POLICY You are strictly prohibited from using the Website or any of the Company's Services for illegal spam activities, including gathering email addresses and personal information from others or sending any mass commercial emails.

  • Non-Discrimination Policy PBA Membership

  • Credit and Collection Policy The Servicer has complied in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contracts.

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