ON-LINE TRADING PLATFORM. 14.1 The Company offers the internet base on-line trading platform to the Client and in using such on-line trading platform, the Client hereby agrees that:-
(a) The Company shall not be responsible for delays in the transmission of the orders due to a breakdown or failure of transmission or communication facilities, electrical power outage or failure or for any other causes which are beyond the Company’s reasonable control or anticipation.
(b) The Company shall not be liable for any of the Client’s losses or damages arising from the default of any agent or any other counterparty of the Company under this Agreement save and except for the gross negligence or willful default on the part of the Company.
14.2 The Client using the online trading platform shall keep his password confidential to prevent any unauthorized third party from getting access to trading facilities for his account. The Client hereby agrees to be fully responsible for any Contract entered into by the Company based on any instruction received by the Company electronically and which is identified with the Client’s password and account number and for any electronic, oral or written instruction to the Company from any person whom the Company, in its sole judgment, believes in good faith that such person is the Client or his authorized agent or representative. The Company shall under no obligation to make further inquiry into such apparent authority and shall assume no liability for the consequences of any actions taken or failed to be taken by the Company in reliance on any such instruction or on the apparent authority or identity of any such person.
14.3 Should price quoting and or on-line trading execution errors occur, which may include but not limited to any dealer's mistype of a quote, a quote or trade which does not represent the fair market prices, an erroneous price quote from a Client including but not limited to a wrong figure quote or an erroneous quote due to failure of hardware, software or communication lines or systems and/or inaccurate external data provided by third-party vendors, the Company shall not be liable for any of the errors resulting in the errors in account balances. In addition, order must be placed allowing sufficient time to execute, as well as, sufficient time for the system to calculate necessary margin requirement. The Company shall not be liable for the margin alert, balance, and/or position in the account resulting from orders placed out of the prescribed ti...
