Common use of CFDS Clause in Contracts

CFDS. 14.1. Pricing You agree and acknowledge to us that: a) Place a Trade sets the price of the CFD that you use to open and close a Position; b) Prices provided on the Trading Platform are subject to Liquidity; c) Place a Trade may contribute its own (internal) Liquidity when setting a price which may alter the spread between the bid and ask price, and/or the Liquidity available at each price; and d) An order may be rejected, partially executed, and/or executed based on a volume weighted average price. a) Where Out of Hours Trading is available, and we set the prices at which we are prepared to deal with you; and/or b) If we cannot determine a price because trading in the Underlying Market/Asset is limited, suspended, and/or a price cannot be determined by our Liquidity provider(s), then the price will be the price: • immediately preceding such limitation; and/or • determined by us in our sole discretion, acting reasonably, but having regard to the prevailing market conditions affecting trading. c) To close out all or part of your open Position, limit the total value of the Position you can open, refuse an order, or terminate the agreement between us if certain circumstances arise, including where we: • Decide at our sole discretion provided we give you prior written notice of such decision; or • Consider it reasonably necessary for the protection of our rights under the Client Agreement. You do not have the power to direct us in the exercise of our discretions.

CFDS. 14.1. Pricing You agree and acknowledge to us that: a) Place a Trade sets the price of the CFD that you use to open and close a Position; b) Prices provided on the Trading Platform are subject to Liquidity; c) Place a Trade may contribute its own (internal) Liquidity when setting a price which may alter the spread between the bid and ask price, and/or the Liquidity available at each price; and d) An order may be rejected, partially executed, and/or executed based on a volume weighted average price. a) Where Out of Hours Trading is available, and we set the prices at which we are prepared to deal with you; and/or b) If we cannot determine a price because trading in the Underlying Market/Asset is limited, suspended, and/or a price cannot be determined by our Liquidity provider(s), then the price will be the price: •  immediately preceding such limitation; and/or •  determined by us in our sole discretion, acting reasonably, but having regard to the prevailing market conditions affecting trading. c) To close out all or part of your open Position, limit the total value of the Position you can open, refuse an order, or terminate the agreement between us if certain circumstances arise, including where we: •  Decide at our sole discretion provided we give you prior written notice of such decision; or •  Consider it reasonably necessary for the protection of our rights under the Client Agreement. You do not have the power to direct us in the exercise of our discretions.