Common use of Unlawful trading techniques Clause in Contracts

Unlawful trading techniques. Internet, connectivity delays, and price feed errors sometimes create a situation where the price(s) displayed on our trading platform(s) do(es) not accurately reflect the market rates. In that regard, we reserve the right, in our sole discretion, NOT to permit the use of trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices and/or by taking advantage of internet delays (commonly known as “arbitrage”, “sniping” or “Scalping” hereinafter, collectively, referred to as “Arbitrage”) on our trading platform(s) and/or in connection with our Services; any indication or suspicion, in our sole discretion, of any form of Arbitrage (including but not limited to risk free profiting), abuse (including but not limited to participant's trading activity patterns that indicate that the participant solely aims to benefit financially without being genuinely interested in trading in the markets and/or taking market risk), internal hedging in coordination with other parties, abuse of our ‘no negative balance’ policy, fraud, manipulation, cash-back arbitrage or any other forms of deceitful or fraudulent activity, may, it our sole discretion, render all related Orders, Transactions and/or Contracts void, without prior notice being required; furthermore, in those instances, we reserve the right, in our sole discretion and without prior notice being required: (a) to make the necessary corrections or adjustments on the Account(s) involved (including, without limitation, adjusting the price spreads available to the Client); (b) to restrict the Account(s) involved access to streaming, instantly tradable quotes (including, without limitation, providing manual quotations only and submitting any Orders to our prior approval); (c) to retrieve from the Account(s) involved any historic trading profits that we can document as having been gained through such abuse of liquidity at any time during the Client relationship; (d) to terminate the Client relationship and/or close all Accounts involved (including, without limitation all other Accounts held by the same Account holder with us) immediately by giving written notice; and/or (e) to inform any interested third parties.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

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Unlawful trading techniques. Internet, connectivity delays, and price feed errors sometimes create a situation where the price(s) displayed on our trading platform(s) Online Trading Facility do(es) not accurately reflect the market rates. In that regard, we reserve the right, in our sole discretion, NOT to permit the use The concept of using trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices and/or by taking advantage of internet delays (commonly known as “arbitrage”, “sniping” or “Scalpingscalping” hereinafter, collectively, referred to as “Arbitrage”) ), cannot exist in an OTC market where the client is buying or selling directly from the principal; accordingly, we reserve the right, at our sole discretion, NOT to permit the abusive exploitation of Arbitrage on our trading platform(s) Online Trading Facility and/or in connection with our Services; any indication Transactions or suspicionContracts that rely on price latency arbitrage opportunities may be revoked, in at our sole discretion, of any form of Arbitrage (including but not limited to risk free profiting), abuse (including but not limited to participant's trading activity patterns that indicate that the participant solely aims to benefit financially without being genuinely interested in trading in the markets and/or taking market risk), internal hedging in coordination with other parties, abuse of our ‘no negative balance’ policy, fraud, manipulation, cash-back arbitrage or any other forms of deceitful or fraudulent activity, may, it our sole discretion, render all related Orders, Transactions and/or Contracts void, discretion and without prior notice being required; furthermore, in those instances, we reserve the right, in at our sole discretion and without prior notice being required: (a) to make the necessary corrections or adjustments on the Account(s) involved (including, without limitation, adjusting the price spreads available to the Clientclient); (b) to restrict the Account(s) involved access to streaming, instantly tradable quotes (including, without limitation, providing manual quotations only and submitting any Orders to our prior approval); (c) to retrieve from the Account(s) involved any historic trading profits that we can document as having been gained through such abuse of liquidity at any time during the Client client relationship; (d) to terminate the Client client relationship and/or close all Accounts involved (including, without limitation all other Accounts held by the same Account holder with us) immediately by giving written notice; and/or (e) to inform any interested third parties.

Appears in 1 contract

Samples: Client Agreement

Unlawful trading techniques. Internet, connectivity delays, and price feed errors sometimes create a situation where the price(s) displayed on our trading platform(s) Online Trading Facility do(es) not accurately reflect the market rates. In that regard, we reserve the right, in our sole discretion, NOT to permit the use The concept of using trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices and/or by taking advantage of internet delays (commonly known as “arbitrage”, “sniping” or “Scalpingscalping” hereinafter, collectively, referred to as “Arbitrage”) ), cannot exist in an OTC market where the client is buying or selling directly from the principal; accordingly, we reserve the right, at our sole discretion, NOT to permit the abusive exploitation of Arbitrage on our trading platform(s) Online Trading Facility and/or in connection with our Services; any indication Transactions or suspicionContracts that rely on price latency arbitrage opportunities may be revoked, in at our sole discretion, of any form of Arbitrage (including but not limited to risk free profiting), abuse (including but not limited to participant's trading activity patterns that indicate that the participant solely aims to benefit financially without being genuinely interested in trading in the markets and/or taking market risk), internal hedging in coordination with other parties, abuse of our ‘no negative balance’ policy, fraud, manipulation, cash-back arbitrage or any other forms of deceitful or fraudulent activity, may, it our sole discretion, render all related Orders, Transactions and/or Contracts void, discretion and without prior notice being required; furthermore, in those instances, we reserve the right, in at our sole discretion and without prior notice being required: (a) to make the necessary corrections or adjustments on the Account(s) involved (including, without limitation, adjusting the price spreads available to the Clientclient); (b) to restrict the Account(s) involved access to streaming, instantly tradable quotes (including, without limitation, providing manual quotations only quotationsonly and submitting any Orders to our prior approval); (c) to retrieve from the Account(s) involved any historic trading profits that we can document as having been gained through such abuse of liquidity at any time during the Client client relationship; (d) to terminate the Client client relationship and/or close all Accounts involved (including, without limitation all other Accounts held by the same Account holder with us) immediately by giving written notice; and/or (e) to inform any interested third parties.

Appears in 1 contract

Samples: murrenfx.com

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Unlawful trading techniques. Internet, connectivity delays, and price feed errors er- rors sometimes create a situation where the price(s) displayed on our trading platform(s) do(es) not accurately accu- rately reflect the market rates. In that regard, we reserve the right, in our sole discretion, NOT to permit the use of trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices and/or by taking advantage of internet delays (commonly known as “arbitrage”, “sniping” or “Scalpingfraudulent or deceitful scalping” hereinafter, collectively, referred re- ferred to as “Arbitrage”) on our trading platform(s) and/or in connection with our Services; any indication or suspicionsuspi- cion, in our sole discretion, of any form of Arbitrage (including but not limited to risk free profiting), abuse (including but not limited to participant's trading activity patterns that indicate that the participant solely aims to benefit financially xxxxx- cially without being genuinely interested inter- ested in trading in the markets and/or taking market risk), internal hedging in coordination with other parties, abuse of our ‘no negative balance’ policy, fraud, manipulation, cash-back arbitrage arbi- trage or any other forms of deceitful or fraudulent activity, may, it in our sole discretiondis- cretion, render all related Orders, Transactions Trans- actions and/or Contracts void, without prior notice being required; furthermorefurther- more, in those instances, we reserve the right, in our sole discretion and without prior notice being required: (a) to make the necessary corrections or adjustments adjust- ments on the Account(s) involved (includingin- cluding, without limitation, adjusting the price spreads available to the ClientCli- ent); (b) to restrict the Account(s) involved in- volved access to streaming, instantly tradable quotes (including, without limitationlim- itation, providing manual quotations only and submitting any Orders to our prior approval); (c) to retrieve from the Account(s) involved any historic trading trad- ing profits that we can document as having been gained through such abuse of liquidity at any time during the Client relationship; (d) to terminate the Client relationship and/or close all Accounts Ac- counts involved (including, without limitation lim- itation all other Accounts held by the same Account holder with us) immediately immedi- ately by giving written notice; and/or (e) to inform any interested third parties.and/or

Appears in 1 contract

Samples: Client Agreement

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