Common use of Methods of Execution Clause in Contracts

Methods of Execution. 28.1. Having received the order from the Client, the Company transfers the order for execution. In relation to the Client's orders the Company acts as the principal for execution, and not as an agent on behalf of the Client. Despite the fact that the Company can transfer the Client’s orders for execution to third parties, liquidity providers, according to the contract, the Company is the sole counterparty for the execution of Client’s orders, and any execution of orders is carried out by the Company. 28.2. The client acknowledges that transactions concluded on financial instruments provided by the Company are not carried out on a generally recognized currency exchange. Transactions are opened through a trading platform, which is no guarantee that there will be no financial risks than with the performance of regulated exchange transactions. Thus, the Company may not execute the order, or it may change the opening or closing price in some cases, including but not limited to cases of technical failure of the trading platform. The terms and conditions of trading are established exclusively by the counterparty, which in this case is the Company.

Appears in 2 contracts

Sources: Client Agreement, Client Agreement

Methods of Execution. 28.1. Having received the order from the Client, the Company transfers the order for execution. In relation to the Client's orders the Company acts as the principal for execution, and not as an agent on behalf of the Client. Despite the fact that the Company can transfer the Client’s orders for execution to third parties, liquidity providers, according to the contract, the Company is the sole counterparty for the execution of Client’s orders, and any execution of orders is carried out by the Company. 28.2. The client Client acknowledges that transactions concluded on financial instruments provided by the Company are not carried out on a generally recognized currency exchange. Transactions are opened through a trading platform, which is no guarantee that there will be no financial risks than with the performance of regulated exchange transactions. Thus, the Company may not execute the order, or it may change the opening or closing price in some cases, including but not limited to cases of technical failure of the trading platform. The terms and conditions of trading are established exclusively by the counterparty, which in this case is the Company.

Appears in 1 contract

Sources: Client Agreement