Floor Brokerage. Notwithstanding Section 4(a) of this Agreement, the Trading Advisor may place orders for commodity interest transactions for the Company through floor brokers selected by the Trading Advisor. Such floor brokers shall “give up” all trades on behalf the Company to the Clearing Broker for clearance. The brokerage and floor commissions, “give-up” fees and other transaction costs charged by any floor broker to effect Company transactions shall be competitive with the Clearing Broker’s standard rates.
Appears in 2 contracts
Sources: Advisory Agreement (BlackRock Global Horizons I L.P.), Advisory Agreement (Black Rock Global Horizons Lp)