Common use of DIFFERENCES AMONG ELECTRONIC TRADING SYSTEMS Clause in Contracts

DIFFERENCES AMONG ELECTRONIC TRADING SYSTEMS. 2.1 Trading or routing orders through electronic systems varies widely among the different electronic systems. The Client should consult the rules and regulations of the exchange offering the electronic system and/or listing the contract traded or order routed to understand, among other things, in the case of trading systems, the system’s order matching procedure, opening and closing procedures and prices, error trade policies, and trading limitations or requirements; and in the case of all systems, qualifications for access and grounds for termination and limitations on the types of order that may be entered into the system. Each of these matters may present different risk factors with respect to trading on or using a particular system. Each system may also present risks related to system access, varying response times, and security. In the case of internet-based systems, there may be additional types of risks related to system access, varying response times and security, as well as risks related to service providers and the receipt and monitoring of electronic mail.

DIFFERENCES AMONG ELECTRONIC TRADING SYSTEMS. 2.1 Trading or routing orders through electronic systems varies widely among the different electronic systems. The Client You should consult the rules and regulations of the exchange offering the electronic system and/or listing the contract traded or order routed to understand, among other things, in the case of trading systems, the system’s 's order matching procedure, opening and closing procedures and prices, error trade trading policies, and trading limitations or requirements; and in the case of all systems, qualifications for access and grounds for termination and limitations on the types of order orders that may be entered into the system. Each of these matters may present different risk factors with respect to trading on or using a particular system. Each system may also present risks related to system access, varying response times, and security. In the case of internet-based internet‐based systems, there may be additional types of risks related to system access, varying response times and security, as well as risks related to service providers and the receipt and monitoring of electronic mail.