Common use of Open Orders Clause in Contracts

Open Orders. 3.4.1. The parameters that are required to submit an order are: - Instrument name; - The size of the order (order volume); - Order Type. 3.4.2. In order to open an order through the Client's trading terminal without using an Expert Advisor, the Client must press the "Buy" or "Sell" button at the moment when the quotes provided by the Company are considered satisfactory. 3.4.3. In order to open an order in the Client's trading terminal when the Client uses the Expert Advisor, an order must be made to execute the trade according to the quotes provided by the Company. 3.4.4. Order opening process a) When the Client opens a position for an order to reach the server, an automatic check of the trading account for the calculation of the margin level for opening an order position is carried out. If a suitable margin level is found, the order can be opened. If the margin level is judged to be insufficient, the order will not be opened, and a notification of the balance requirement will be generated on the server. b) If it is found that the use of trading tools in "Market Execution" is found, it is possible that the quotes for opening orders may differ from those ordered by the Client. c) The note regarding the order of opening orders contained in the log-file of the server states that the order from the Client has been processed, and the order has been opened. A ticker will be provided for each order opened via the trading terminal. d) The request for opening a position order sent for processing by the server before the first quote appears in the trading terminal at the time of market opening will be rejected by the server. In this case an error will appear in the Client's trading terminal with the words "No qoutes/trading is forbidden". If it turns out that the Dealer made a mistake by processing the order opened by the Client at the time of market closing on the previous day, the Company has the right to cancel the order. In that case, the Company is obliged to provide information regarding order cancellation to the relevant Client