Common use of Execution Only Services Clause in Contracts

Execution Only Services. As a Client of Vivid NL, You invest independently. This means that You give direct Orders to Vivid NL, on your own initiative and without investment advice from Vivid NL. Vivid NL does not assess whether Your Orders are in line with Your personal (financial) situation and investment objectives. This is called ‘Execution Only’ investment services. Vivid NL will only receive and transmit Your Orders to selected executing brokers (Executing Brokers). An Executing Broker will be responsible for the execution of the Orders that it has received from Vivid NL, on a stock exchange or other trading venue (Execution Venue). Your Orders will be executed by the Executing Brokers on Your behalf and for Your risk and account. For the avoidance of doubt, nothing in this Client Agreement is intended to create any legal agreement between You and any of the Executing Brokers. Each Executing Broker will be required to share its order (best) execution policy and procedures with Vivid NL. Vivid NL will monitor the adherence of the Executing Broker executing Your Order(s) to its order (best) execution policy and processes.

Execution Only Services. As a Client of Vivid NL, You invest independently. This means that You give direct Orders to Vivid NL, on your own initiative and without investment advice from Vivid NL. Vivid NL does not assess whether Your Orders are in line with Your personal (financial) situation and investment objectives. This is called ‘Execution Only’ investment servicesservice. Vivid NL will only receive and transmit Your Orders to selected executing brokers (Executing Brokers). An Executing Broker will be responsible for the execution of the Orders that it has received from Vivid NL, on a stock exchange or other trading venue (Execution Venue). Your Orders will be executed by the Executing Brokers on Your behalf and for Your risk and account. For the avoidance of doubt, nothing in this Client Agreement is intended to create any legal agreement between You and any of the Executing Brokers. Each Executing Broker will be required to share its order (best) execution policy and procedures with Vivid NL. Vivid NL will monitor the adherence of the Executing Broker executing Your Order(s) to its order (best) execution policy and processes.