Execution Venue Sample Clauses
The Execution Venue clause specifies the location or platform where contractual obligations, such as the buying or selling of securities, will be carried out. This clause typically identifies a particular exchange, market, or jurisdiction where transactions must be executed, ensuring all parties are aware of where the legal and operational aspects of the agreement will take place. By clearly designating the execution venue, the clause helps prevent disputes over jurisdiction and ensures compliance with relevant laws and regulations.
Execution Venue. 9.1 It is understood that once you place an Order in a derivative on the Trading Company Online Trading System, the Company will execute your Order as a counterparty, in which case the Company will be the execution venue. It may also hedge your Orders.
Execution Venue. To evaluate the quality of a selected execution venue, Basis analyses, at least annually, a combination of quantitative Transaction Cost Analysis (TCA) and qualitative evaluation e.g., meetings with and documentation on the selected brokers. If Basis deems a venue to underperform consistently, Basis may request that the liquidity provider or broker stop executing orders on the venue on its behalf. Where applicable, broker selection is subject to the client’s ISDA agreements. Basis price quotes are generally derived from prices provided to its Platform-by-Platform users including selected top tier global banks in the wholesale foreign exchange markets which Basis believes will provide the best available prices to User on a consistent Basis. Services are offered 24 hours daily on business days. Gapping, as described below, can occur when the market is not trading over the weekend with the result that on re-opening of the market price of the relevant foreign exchange pair can be markedly different from the closing price, with no opportunity for User to close its trade before the market re- opens. Basis takes reasonable steps so that execution of quoted prices will obtain the best possible result for User at the time the quote is provided however fast-moving markets may result in execution of a transaction at a price, which has ceased to be the best market price. Delays in execution beyond the control of Basis may occur as a result of technical failures or malfunctions in connection with use of the Platform or Internet connectivity or processing speed for which we do not accept responsibility.
Execution Venue. You agree that the Company will receive and then transmit your orders for execution to third-party liquidity providers.