Common use of Trading Limitations Clause in Contracts

Trading Limitations. Transactions may be concluded electronically or by telephone in accordance with the terms of this Agreement. Velocity will attempt to execute all Orders that it may, in its sole discretion, accept from the Customer in accordance with the Customer’s Instructions received through the Electronic Trading Platform or via telephone to the trading desk. Balances of funds held in your Account(s) will be automatically converted back at the end of the day of settlement of the relevant Transaction, to the base currency nominated by you in your Account Application. The Customer agrees that Velocity may, in its sole and absolute discretion, refuse to accept any Order including but not limited to where Velocity believes that the acceptance of the Order, or the entering into of such Transaction with or on behalf of the Customer, would be in contravention of any Applicable Regulation. In addition, Velocity may at any time, in its sole and absolute discretion, limit the number or types of positions that the Customer may maintain or acquire with Velocity, and the Customer agrees not to exceed such limits. Velocity is under no obligation to affect any Transaction for the Customer’s Account that would create positions in those accounts in excess of the limit Velocity has set. If the Customer exceeds position limits imposed by Velocity, Velocity shall have the right to close out positions in excess of the applicable position limit.

Trading Limitations. Transactions may be concluded electronically or by telephone in accordance with the terms of this Agreement. Velocity will attempt to execute all Orders that it may, in its sole discretion, accept from the Customer in accordance with the Customer’s Instructions received through the Electronic Trading Platform or via telephone to the trading desk. Balances of funds held in your Account(s) will be automatically converted back at the end of the day of settlement of the relevant Transaction, to the base currency nominated by you in your Account Application. The Customer agrees that Velocity may, in its sole and absolute discretion, refuse to accept any Order including but not limited to where Velocity believes that the acceptance of the Order, or the entering into of such Transaction with or on behalf of the Customer, would be in contravention of any Applicable Regulation. In addition, Velocity may at any time, in its sole and absolute discretion, limit the number or types of positions that the Customer may maintain or acquire with Velocity, and the Customer agrees not to exceed such limits. Velocity is under no obligation to affect any Transaction for the Customer’s Account that would create positions in those accounts in excess of the limit Velocity has set. If the Customer exceeds position limits imposed by Velocity, Velocity shall have the right to close out positions in excess of the applicable position limit.