Commodity Broker Floor Brokers Clause Samples

Commodity Broker Floor Brokers. (i) Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Onshore Fund through such commodity broker or brokers as the Onshore Fund shall designate from time to time in its sole discretion (the Onshore Fund currently so designating ▇▇▇▇▇▇▇ ▇▇▇▇▇). The Trading Advisor will not, without the consent of the Manager, trade on a “give up” basis through floor brokers not affiliated with ▇▇▇▇▇▇▇ ▇▇▇▇▇. The Manager will review and approve or disapprove all executing brokers proposed by the Trading Advisor for the Onshore Fund’s account. If an executing broker is approved, the Onshore Fund will not hold the Trading Advisor liable for any error or breach of contract by any such executing broker, barring negligence, misconduct or bad faith on the part of the Trading Advisor. Irrespective of whether floor brokers unaffiliated with ▇▇▇▇▇▇▇ ▇▇▇▇▇ receive the Manager’s consent to execute trades on behalf of the Onshore Fund, all such trades will be “given-up” to be carried by ▇▇▇▇▇▇▇ ▇▇▇▇▇. The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Onshore Fund directly from ▇▇▇▇▇▇▇ ▇▇▇▇▇. (ii) The Onshore Fund will be subject to round turn commission rates as determined from time to time by ▇▇▇▇▇▇▇ ▇▇▇▇▇ and consistent with disclosures made to investors.

Commodity Broker Floor Brokers. F/X Desk ----------------------------------------- The Trading Advisor shall clear orders for all commodity interest transactions for the Trading Partnership through such commodity broker or brokers as the Parent shall designate from time to time in its sole discretion (the Parent initially so designating ▇▇▇▇▇▇▇ ▇▇▇▇▇ Futures Inc.). The Trading Advisor will not, without the consent of the General Partner, trade on a "give up" basis through floor brokers not associated with ▇▇▇▇▇▇▇ ▇▇▇▇▇ Futures Inc. Even if such floor brokers are permitted to execute trades on behalf of the Trading Partnership, all such trades will be "given-up" so as to be carried as a ▇▇▇▇▇▇▇ ▇▇▇▇▇ Futures Inc. account. The Trading Advisor shall receive copies of daily and monthly brokerage statements. All forward trades for the Trading Partnership shall be executed through the forward trading facilities of the counterparties selected by the Parent's affiliated Foreign Exchange Desk, unless the General Partner consents to some other forward trading arrangement. The Trading Advisor shall only use such other banks or dealers for what the Trading Advisor, in good faith, believes to be good cause.

Commodity Broker Floor Brokers. (i) Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Fund through such commodity broker or brokers as the Fund shall designate from time to time in its sole discretion (the Fund currently so designating ▇▇▇▇▇▇▇ ▇▇▇▇▇). The Trading Advisor will not, without the consent of the Manager, trade on a "give up" basis through floor brokers not affiliated with ▇▇▇▇▇▇▇ ▇▇▇▇▇. The Manager will review and approve or disapprove all executing brokers proposed by the Trading Advisor for the Fund's account. If an executing broker is approved, the Fund will not hold the Trading Advisor liable for any error or breach of contract by any such executing broker, barring negligence, misconduct or bad faith on the part of the Trading Advisor. Irrespective of whether floor brokers unaffiliated with ▇▇▇▇▇▇▇ ▇▇▇▇▇ receive the Manager's consent to execute trades on behalf of the Fund, all such trades will be "given-up" to be carried by ▇▇▇▇▇▇▇ ▇▇▇▇▇. The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Fund directly from ▇▇▇▇▇▇▇ ▇▇▇▇▇. (ii) The Fund will be subject to round turn commission rates as determined from time to time by ▇▇▇▇▇▇▇ ▇▇▇▇▇ and consistent with disclosures made to investors.

Commodity Broker Floor Brokers