Common use of Traditional Options Clause in Contracts

Traditional Options. Certain London Stock Exchange (“LSE”) member firms under special LSE rules write a particular type of option called a “traditional option”. These may involve greater risk than other options. Two­way prices are not usually quoted and there is no access to market participants to close out an open position or to effect an equal and opposite transaction to reverse an open position. It may be difficult to assess its value or for the seller of such an option to manage his exposure to risk.

Appears in 3 contracts

Samples: Professional Client Agreement, Professional Client Agreement, Professional Client Agreement

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Traditional Options. Certain London Stock Exchange (“LSE”) member firms under special LSE rules write a particular type of option called a “traditional option”. These may involve greater risk than other options. Two­way prices are not usually quoted and there is no access to market participants parti­ cipants to close out an open position or to effect an equal and opposite transaction to reverse an open position. It may be difficult to assess its value or for the seller of such an option to manage his exposure to risk.

Appears in 3 contracts

Samples: Eligible Counterparty Agreement, Eligible Counterparty Agreement, Eligible Counterparty Agreement

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Traditional Options. Certain London Stock Exchange ("LSE") member firms under special LSE rules write a particular type of option called a 'traditional option'. These may involve greater risk than other options. Two­way Two-way prices are not usually quoted and there is no access to a market participants via a Market on which to close out an open position or to effect an equal and opposite transaction to reverse an open position. It may be difficult to assess its value or for the seller of such an option to manage his exposure to risk.

Appears in 1 contract

Samples: Retail Client Agreement (No Advice)

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