Brokerage and Transaction Sample Clauses

Brokerage and Transaction. Execution Upon the Effective Date of this Agreement and your entering into all the other required agreements, including but not limited to the DriveWealth Customer Account Agreement, Drivewealth, the Custodian, shall also act as the broker/dealer which will execute all orders on behalf of the Account. Ursa anticipates (but is not obligated to) that it will combine or “batch” account orders to obtain “best execution,” to negotiate more favorable commission rates or to allocate equitably among all Ursa Clients differences in prices and commissions or other transaction costs that might not have otherwise been obtained had such orders been placed independently. Under this procedure, transactions Accounts in proportion to the purchase and sale orders placed for each Account on any given day. If Ursa cannot obtain execution of all the combined orders at prices or for transactions costs that Xxxx believes are desirable, Ursa will allocate the securities Ursa does buy or sell as part of the combined orders by following Xxxx’s order allocation policies and procedures. To participate in the Ursa Wrap Fee Program, you must direct all brokerage transactions for your Account to DriveWealth. You cannot designate or select a different broker for trade execution. Ursa anticipates that DriveWealth will provide “best execution” for the Client. However, in the event Ursa determines that DriveWealth does not at any time provide “best execution” in its capacity as a broker/dealer, Xxxx reserves the right to select a different broker/dealer which will provide “best execution” with respect to such transaction. “Best execution” includes the amount of broker/dealer fees or transaction costs that will be charged to the Account in connection with any trade, but it may also include other criteria and benefits. As such, Ursa may retain DriveWealth as the broker/dealer with respect to the Account even if its broker/dealer fees are not the lowest fees which could be charged for such transaction, in consideration for other benefits that the broker/dealer offers.

Brokerage and Transaction. Costs related to investing and disinvesting of the Trust Property;