Common use of TRADING POLICIES AND PROCEDURES Placing of instructions Clause in Contracts

TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us instructions in electronic form through the CDG Global (EU) Ltd Trading Platform. If any instructions are received by us by telephone, computer or other medium we may ask you to confirm such instructions in writing. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writing. In this Agreement, “instructions” and “orders” have the same meaning. Some of the types of orders the Company accepts include, but are not limited to: a) Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled at the end of the Business Day on which they are placed. b) Pending - An order for a potential trade that will be triggered only if the price level specified by you has been reached. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell Limit. c) Market - An order to buy or sell the identified market at the current market price that the Company provides via the Trading Platform. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.

Appears in 3 contracts

Samples: Terms and Conditions & Client Agreement, Client Agreement, Client Agreement

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TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us instructions in electronic form through the CDG Global (EU) Jin Daocheng Ltd Online Trading PlatformSystem. If any instructions are received by us by telephone, computer or other medium we may ask you to confirm such instructions in writing. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writing. In this Agreement, Agreement “instructions” and “orders” have the same meaning. Some of the types of orders the Company accepts include, but are not limited to: a) Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled canceled at the end of the Business Day on which they are placed. b) Pending Limit - An order for (other than a potential trade that market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be triggered only if executed when the ask price level specified by equals or falls below the bid price that you has been reachedspecify in the limit order. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell LimitA limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. c) Market - Market- An order to buy or sell the identified market at the current market price that the Company provides via the Online Trading PlatformSystem. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) One Cancels the Other (“OCO”) - An order that is linked to another order. If one of the orders is executed, the other will be automatically cancelled. e) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us shall submit your instructions in electronic form through the CDG Global (EU) offered by Justforex Ltd Trading Platform. If any instructions are received by us by telephone, computer email or other medium we may ask you to confirm such instructions in writing. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writing. In this Agreement, Agreement “instructions” and “orders” have the same meaning. Some of the types of orders the Company accepts include, but are not limited to:to (exact types of orders provided accordingly to the options of Trading Platform): a) Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled canceled at the end of the Business Day on which they are placed. b) Pending Limit - An order for (other than a potential trade that market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be triggered only if executed when the ask price level specified by equals or falls below the bid price that you has been reachedspecify in the limit order. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell LimitA limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. c) Market - Market- An order to buy or sell the identified market at the current market price that the Company provides via the Trading Platform. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) One Cancels the Other (“OCO”) - An order that is linked to another order. If one of the orders is executed, the other will be automatically cancelled. e) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.

Appears in 1 contract

Samples: Client Agreement

TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us instructions in electronic form through the CDG Global (EU) ICC Intercertus Capital Ltd Online Trading PlatformSystem. If any instructions are received by us by telephone, computer or other medium we may ask you to confirm such instructions in writing. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writing. In this Agreement, Agreement “instructions” and “orders” have the same meaning. Types of Orders Accepted Some of the types of orders the Company accepts include, but are not limited to: a) Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled canceled at the end of the Business Day on which they are placed. b) Pending Limit - An order for (other than a potential trade that market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be triggered only if executed when the ask price level specified by equals or falls below the bid price that you has been reachedspecify in the limit order. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell LimitA limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. c) Market - Market- An order to buy or sell the identified market at the current market price that the Company provides via the Online Trading PlatformSystem. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) One Cancels the Other (“OCO”) - An order that is linked to another order. If one of the orders is executed, the other will be automatically cancelled. e) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Thereafter, you must monitor your Account frequently when you have open positions in the Account. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.. Terms of Acceptance for Orders It is your sole responsibility to clearly indicate the terms of an order when entered, whether it is a market order, limit order, stop loss order or any other type of order, including the relevant price and lot size. You acknowledge and agree that, despite our best efforts, the price at which execution occurs may be materially different to the price specified in your order. This may result from sudden price movements in the underlying assets that are beyond our control. The Company shall have no liability for failure to execute orders. The Company shall have the right, but not the obligation, to reject any order in whole or in part prior to execution, or to cancel any order, where your Account contains margin that is insufficient to support the entire order or where such order is illegal or otherwise improper. Execution Policy We are required to have an execution policy and to provide our clients with appropriate information in relation to our execution policy. Where you place orders with us, the execution factors that we consider and their relative importance is as set out below:

Appears in 1 contract

Samples: Client Agreement

TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us instructions in electronic form place your orders through the CDG Global (EU) Ltd FIDUS INVESTMENTS CYPRUS Online Trading PlatformSystem. If any instructions are received by us by telephone, computer or other medium we may ask you to confirm such instructions in writinginstructions. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writingthem. In this Agreement, Agreement “instructions” and “orders” have the same meaning. Some of the types of orders the Company accepts include, but are not limited to: a) Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by ClientClient or if the instrument matures. GTC Orders are not automatically cancelled at the end of the Business Day on which they are placed. b) Pending Limit - An order for (other than a potential trade that market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be triggered only if executed when the ask price level specified by equals or falls below the bid price that you has been reachedspecify in the limit order. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell LimitA limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. c) Market - Market- An order to buy or sell the identified market at the current market price that the Company provides via the Online Trading PlatformSystem. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) One Cancels the Other (“OCO”) - An order that is linked to another order. If one of the orders is executed, the other will be automatically cancelled. e) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set.stop f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.

Appears in 1 contract

Samples: Client Agreement

TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us instructions in electronic form through the CDG Global (EU) Ltd UNFXB LTD Online Trading PlatformSystem. If any instructions are received by us by telephone, computer or other medium we may ask you to confirm such instructions in writing. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writing. In this Agreement, Agreement “instructions” and “orders” have the same meaning. Some of the types of orders the Company accepts include, but are not limited to: a) : • Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled canceled at the end of the Business Day on which they are placed. b) Pending - . • Limit – An order for (other than a potential trade that market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be triggered only if executed when the ask price level specified by equals or falls below the bid price that you has been reachedspecify in the limit order. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell Limit. c) Market - A limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. • Market- An order to buy or sell the identified market at the current market price that the Company provides via the Online Trading PlatformSystem. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d. Unicorn Forex Brokers (UNFXB LTD). is an online trade company registered . location at Agias Xxxxx 22A 1st floor Flat /Office 101 0000 Xxxxxxxx Xxxxxx , Reg. No. HE415055 Tel : +00 000 000 0000 xxxxx://xxxxx.xxx • One Cancels the Other (“OCO”) – An order that is linked to another order. If one of the orders is executed, the other will be automatically cancelled. • Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) . • Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Thereafter, you must monitor your Account frequently when you have open positions in the Account. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.

Appears in 1 contract

Samples: Client Agreement

TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us instructions in electronic form through the CDG Global (EU) Ltd UNFXB LTD Online Trading PlatformSystem. If any instructions are received by us by telephone, computer or other medium we may ask you to confirm such instructions in writing. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writing. In this Agreement, Agreement “instructions” and “orders” have the same meaning. Some of the types of orders the Company accepts include, but are not limited to: a) :  Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled canceled at the end of the Business Day on which they are placed. b) Pending - .  Limit – An order for (other than a potential trade that market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be triggered only if executed when the ask price level specified by equals or falls below the bid price that you has been reachedspecify in the limit order. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell Limit. c) Market - A limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order.  Market- An order to buy or sell the identified market at the current market price that the Company provides via the Online Trading PlatformSystem. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d.  One Cancels the Other (“OCO”) – An order that is linked to another order. If one of the orders is executed, the other will be automatically cancelled.  Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) .  Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Thereafter, you must monitor your Account frequently when you have open positions in the Account. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.

Appears in 1 contract

Samples: Client Agreement

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TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us instructions in electronic form through the CDG Global HTFX (EU) Ltd LTD Trading Platform. If any instructions are received by us by telephone, computer or other medium we may ask you to confirm such instructions in writing. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writing. In this Agreement, “instructions” and “orders” have the same meaning. Some of the types of orders the Company accepts include, but are not limited to: a) Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled at the end of the Business Day on which they are placed. b) Pending - An order for a potential trade that will be triggered only if the price level specified by you has been reached. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell Limit. c) Market - An order to buy or sell the identified market at the current market price that the Company provides via the Trading Platform. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.

Appears in 1 contract

Samples: Terms and Conditions & Client Agreement

TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us instructions in electronic form through the CDG Global (EU) Jin DaoCheng Ltd Online Trading PlatformSystem. If any instructions are received by us by telephone, computer or other medium we may ask you to confirm such instructions in writing. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writing. In this Agreement, Agreement “instructions” and “orders” have the same meaning. Some of the types of orders the Company accepts include, but are not limited to: a) Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled canceled at the end of the Business Day on which they are placed. b) Pending Limit - An order for (other than a potential trade that market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be triggered only if executed when the ask price level specified by equals or falls below the bid price that you has been reachedspecify in the limit order. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell LimitA limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. c) Market - Market- An order to buy or sell the identified market at the current market price that the Company provides via the Online Trading PlatformSystem. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) One Cancels the Other (“OCO”) - An order that is linked to another order. If one of the orders is executed, the other will be automatically cancelled. e) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set.or f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.

Appears in 1 contract

Samples: Client Agreement

TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us instructions in electronic form through the CDG Global (EU) Jin DaoCheng Ltd Online Trading PlatformSystem. If any instructions are received by us by telephone, computer or other medium we may ask you to confirm such instructions in writing. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writing. In this Agreement, Agreement “instructions” and “orders” have the same meaning. Some of the types of orders the Company accepts include, but are not limited to: a) Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled canceled at the end of the Business Day on which they are placed. b) Pending Limit - An order for (other than a potential trade that market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be triggered only if executed when the ask price level specified by equals or falls below the bid price that you has been reachedspecify in the limit order. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell LimitA limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. c) Market - Market- An order to buy or sell the identified market at the current market price that the Company provides via the Online Trading PlatformSystem. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. d) One Cancels the Other (“OCO”) - An order that is linked to another order. If one of the orders is executed, the other will be automatically cancelled. e) Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set. f) Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.stop

Appears in 1 contract

Samples: Client Agreement

TRADING POLICIES AND PROCEDURES Placing of instructions. You may give us instructions in electronic form through the CDG Global (EU) ICC Intercertus Capital Ltd Online Trading PlatformSystem. If any instructions are received by us by telephone, computer or other electronic medium we may ask you to confirm such instructions in writing. We shall be authorized to follow instructions notwithstanding your failure to confirm them in writing. In this Agreement, Agreement “instructions” and “orders” have the same meaning. Some of the types of orders the Company accepts include, but are not limited to: a) A. Good till Cancelled (“GTC”) - An order (other than a market order), that by its terms is effective until filled or cancelled by Client. GTC Orders are not automatically cancelled canceled at the end of the Business Day on which they are placed. b) Pending B. Limit - An order for (other than a potential trade that market order) to buy or sell the identified market at a specified price. A limit order to buy generally will be triggered only if executed when the ask price level specified by equals or falls below the bid price that you has been reachedspecify in the limit order. The variants of Pending orders are Buy Stop, Sell Stop, Buy Limit and Sell LimitA limit order to sell generally will be executed when the bid price equals or exceeds the ask price that you specify in the limit order. c) Market - C. Market- An order to buy or sell the identified market at the current market price that the Company provides via the Online Trading PlatformSystem. An order to buy is executed at the current market ask price and an order to sell is executed at the current market bid price. dD. One Cancels the Other (“OCO”) - An order that is linked to another order. If one of the orders is executed, E. Stop Loss - A stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing price when applying the stop loss order to an already open position). It can be used to help protect against losses. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set.because f) F. Trailing Stop - A trailing stop is the same as a stop loss order with the only difference being that, instead of setting a price at which the order is activated, the trailing stop order is activated at a fixed distance from the market price. For example, if Client has purchased a long open position and the market ask price increases, the trailing stop price will also increase and will trail behind the market ask price at the fixed distance set by Client. If the market ask price then decreases, the trailing stop price will remain fixed at its last position and if the market ask price reaches the trailing stop price, the order will be executed. Please note that because of market gapping, the best available price that may be achieved could be materially different to the price set on the trailing stop order and as such, trailing stop orders are not guaranteed to take effect at the fixed distance for which they are set. Following submission of an order, it is your sole responsibility to remain available for order and fill confirmations, and other communications regarding your Account until all open orders are completed. Your order shall be valid in accordance with the type and time of the given order, as specified. If the time of validity or expiration date/time of the order is not specified, it shall be valid for an indefinite period.

Appears in 1 contract

Samples: Client Agreement

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