Examples of Matched Principal Counterparty in a sentence
If they meet the Matched Principal Counterparty criteria, then the Operator shall add such Participants to the list of Matched Principal Counterparties maintained by it.
A Matched Principal Counterparty may be an Affiliate of the Operator.
Participants must notify the Operator of the Matched Principal Counterparty they wish to enter into a Transaction with, and the Matched Principal Counterparty must have notified the Operator that they will accept to enter into Transactions with the Participant.
A Matched Principal Counterparty agrees to enter into transactions on the TP ICAP UK MTF on a Matched Principal basis for Anonymous Transactions with Participants to the relevant transaction.
The prices at which connected Anonymous Transactions are executed may not be the same, and the relevant Matched Principal Counterparty may retain any profit realised from the settlement of such Anonymous Transactions.
Anonymous Transactions shall only be Executed when there is a Participant acting as a buyer and another Participant acting as the seller in separate Transactions for the same Product and volume of interest at the same time with the same Matched Principal Counterparty.
A Participant may notify the Operator if they wish to be designated and act as a Matched Principal Counterparty on the Tullett Prebon Europe MTF.
A Participants may notify the Operator if they wish to be classified and therefore act as a Matched Principal Counterparty on the Venue.
The Operator may receive compensation from a Matched Principal Counterparty for any Anonymous Transaction or series of Anonymous Transactions Executed by it as counterparty, arising from the proceeds of settlement, and shall in no event be liable to account to any Participant for any part of such proceeds.
A Matched Principal Counterparty shall act as the buyer or seller (as appropriate) to each Anonymous Transaction executed on the Tullett Prebon Europe MTF, as specified by the Operator.