Executing Customer orders to open a position Sample Clauses
This clause defines the process by which a service provider or broker carries out customer instructions to initiate a new trading position. It typically outlines the steps required for order submission, the conditions under which orders are accepted, and any limitations or requirements for execution, such as market hours or order types. By establishing clear procedures for opening positions, the clause ensures transparency and sets expectations for both parties, reducing the risk of disputes over how and when trades are executed.
Executing Customer orders to open a position. 1. If the size of free margin is enough to open a position, the position shall be opened. A new free margin level shall be adjusted automatically.
2. In case the size of the free margin is insufficient to open a position, the position shall not be opened and a message about insufficient funds shall appear in the order window.
3. If at the moment of the Customer order or enquiry execution by the server the quote changes, the server shall offer a new Bid/Ask price. In this case a new window "Requote" shall appear with new prices. If the Customer agrees to conduct the operation at newly offered quotes, the "OK" tab should be clicked in "Requote" window within 3 seconds.
4. The Customer order to open a position is considered to be executed, and the position to be opened, when the corresponding server log file has been updated with a new record. Each new position shall receive a sequential ticket number.