Open Orders. The Clearing Agent shall have the power to place open orders as instructed by the Introducing Firm as of the effective date of this Agreement, and appropriate adjustments shall be made by the Clearing Agent to reflect that the Clearing Agent has acted as broker on the open orders with specialists on any securities exchange.
Appears in 2 contracts
Sources: Clearing Agreement (First Montauk Financial Corp), Clearing Agreement (Olympic Cascade Financial Corp)