Common use of Opening transactions Clause in Contracts

Opening transactions. (a) In order to enter into a Transaction, you must place a Buy Order or a Sell Order, at the price quoted by the Electronic Trading Platform at the time of such Transaction. (b) The Electronic Trading Platform will provide a list of price and quantity pairs at which we are either willing to buy or sell each Reference Asset traded on the Electronic Trading Platform (Quotation). Orders for Transactions can only be accepted during the Trading Hours specified for each Reference Asset. You acknowledge that, upon placing a Buy Order or closing out a Sell Order, you may only do so on the basis of the Quotation provided by the Electronic Trading Platform in relation to the Reference Asset. You further acknowledge that by placing a Sell Order or closing a Buy Order, you may only do so at the price quoted by the Electronic Trading Platform, for the sale or purchase of such Reference Asset. (c) On the Electronic Trading Platform, you shall be entitled to make an Order to open a Transaction at the best available price on the Electronic Trading Platform at the time of opening such a Transaction, unless you specify a particular price in which to make such Order. With respect to a Market Order, the price at which a Transaction is completed may not always be at the exact rate displayed when the Order is submitted. You agree that your offer to open a Market Order may be accepted at a lower price or higher price than the price indicated by you in your Market Order, within a certain range as specified on the Electronic Trading Platform from time to time. (d) If you choose to open a Market Order, your offer will be accepted at the best possible price offered on the Electronic Trading Platform. (e) Placing an Order does not guarantee that a Transaction will be entered by us, or will be entered into by us into under the exact same terms that exist when the Order is placed. (f) Similarly, with respect to a Limit Order, the price at which a Transaction is completed may not always be at the exact price displayed when the Order is submitted but will not be executed at a price which is less advantageous to you. (g) When a Transaction is opened on the Electronic Trading Platform which is a CFD, we enter into a contract for the difference between the value of a Reference Asset as specified on the Electronic Trading Platform at the time of opening a Transaction, and the value of such Reference Asset at the time of closing the Transaction. You acknowledge and agree that you are not entitled to ownership of the Underlying of such a contract.

Appears in 1 contract

Sources: Master Trading Agreement

Opening transactions. (a) In order to enter into a Transaction, you must place a Buy Order or a Sell Order, at the price quoted by the Electronic Trading Platform at the time of such Transaction.. ' (b) The Electronic Trading Platform will provide a list of price and quantity pairs at which we are either willing to buy or sell each Reference Asset traded on the Electronic Trading Platform (β€œQuotation”). Orders for Transactions can only be accepted during the Trading Hours specified for each Reference Asset. You acknowledge that, upon placing a Buy Order or closing out a Sell Order, you may only do so on the basis of the Quotation provided by the Electronic Trading Platform in relation to the Reference Asset. You further acknowledge that by placing a Sell Order or closing a Buy Order, you may only do so at the price quoted by the Electronic Trading Platform, for the sale or purchase of such Reference Asset. (c) On the Electronic Trading Platform, you shall be entitled to make an Order to open a Transaction at the best available price on the Electronic Trading Platform at the time of opening such a Transaction, unless you specify a particular price in which to make such Order. With respect to a Market Order, the price at which a Transaction is completed may not always be at the exact rate displayed when the Order is submitted. You agree that your offer to open a Market Order may be accepted at a lower price or higher price than the price indicated by you in your Market Order, within a certain range as specified on the Electronic Trading Platform from time to time. (d) If you choose to open a Market Order, your offer will be accepted at the best possible price offered on the Electronic Trading Platform. (e) Placing an Order does not guarantee that a Transaction will be entered by us, or will be entered into by us into under the exact same terms that exist when the Order is placed. (f) Similarly, with respect to a Limit Order, the price at which a Transaction is completed may not always be at the exact price displayed when the Order is submitted but will not be executed at a price which is less advantageous to you. (g) When a Transaction is opened on the Electronic Trading Platform which is a CFD, we enter into a contract for the difference between the value of a Reference Asset as specified on the Electronic Trading Platform at the time of opening a Transaction, and the value of such Reference Asset at the time of closing the Transaction. You acknowledge and agree that you are not entitled to ownership of the Underlying of such a contract.

Appears in 1 contract

Sources: Master Trading and Lending Agreement

Opening transactions. (a) In order to enter into a Transaction, you must place a Buy Order or a Sell Order, at the price quoted by the Electronic Trading OTC Platform at the time of such Transaction.. ' (b) The Electronic Trading OTC Platform will provide a list of price Quotation for a Buy Order and quantity pairs at which we are either willing to buy or sell a Quotation for a Sell Order for each Reference Asset traded on the Electronic Trading Platform (Quotation)OTC Platform. Orders for Transactions can only be accepted during the Trading Hours specified for each Reference Asset. You acknowledge that, upon placing a Buy Order or closing out a Sell Order, you may only do so on the basis of the Quotation provided by the Electronic Trading OTC Platform in relation to the Reference Asset. You further acknowledge that by placing a Sell Order or closing a Buy Order, you may only do so at the price quoted by the Electronic Trading OTC Platform, for the sale or purchase of such Reference Asset. (c) On the Electronic Trading OTC Platform, you shall be entitled to make an Order to open a Transaction at the best available price on the Electronic Trading OTC Platform at the time of opening such a Transaction, unless you specify a particular price in which to make such Order. With respect to a Market Order, the price at which a Transaction is completed may not always be at the exact rate displayed when the Order is submitted. You agree that your offer to open a Market Order may be accepted at a lower price or higher price than the price indicated by you in your Market Order, within a certain range as specified on the Electronic Trading OTC Platform from time to time. (d) If you choose to open a Market Order, your offer will be accepted at the best possible price offered on the Electronic Trading OTC Platform. (e) Placing an Order does not guarantee that a Transaction will be entered by us, or will be entered into by us into under the exact same terms that exist when the Order is placed. (f) Similarly, with respect to a Limit Order, the price at which a Transaction is completed may not always be at the exact price displayed when the Order is submitted but will not be executed at a price which is less advantageous to you. (g) When a Transaction is opened on the Electronic Trading OTC Platform which is a CFD, we enter into a contract for the difference between the value of a Reference Asset as specified on the Electronic Trading OTC Platform at the time of opening a Transaction, and the value of such Reference Asset at the time of closing the Transaction. You acknowledge and agree that you are not entitled to ownership of the Underlying of such a contract.

Appears in 1 contract

Sources: B2c2 Client Trading Master Agreement