Common use of Order Execution Clause in Contracts

Order Execution. 4.5.1. An order is executed in the following cases: a) Orders Sell Stop – at the moment, when Bid price in the quote flow is equal or smaller than an order level; b) Buy Stop order – at the moment, when Ask price in the quote flow is equal or bigger than an order level; c) Sell Limit order – at the moment, when Bid price in the quote flow is equal or bigger than an order level; d) Buy Limit order – at the moment, when Ask price in the quote flow is equal or smaller than an order level; e) Take Profit order – for an open buying position, when Bid price in the quote flow is equal or bigger than an order level; f) Stop Loss order – for an open buying position, when Bid price in the quote flow is equal or smaller than an order level; g) Take Profit order – for an open selling position, when Ask price in the quote flow is equal or smaller than an order level; h) Stop Loss order – for an open selling position, when Ask price in the quote flow is equal or bigger than an order level. 4.5.2. In the cases of price gaps order execution is determined by the following rules: a) If "Take Profit" level of a pending order is in the price gap during order opening, once the order is opened Take Profit settings will be annulled. In such a case a note is added to the comments: (tp cancelled/gap);

Order Execution. 4.5.14.4.1. An order is executed in the following cases: a) Orders Sell Stop – –at the moment, when Bid price in the quote flow is equal or smaller than an order level;. b) Buy Stop order – –at the moment, when Ask price in the quote flow is equal or bigger than an order level; c) Sell Limit order – –at the moment, when Bid price in the quote flow is equal or bigger than an order level; d) Buy Limit order – –at the moment, when Ask price in the quote flow is equal or smaller than an order level; e) Take Profit order – –for an open buying position, when Bid price in the quote flow is equal or bigger than an order level; f) Stop Loss order – –for an open buying position, when Bid price in the quote flow is equal or smaller than an order level; g) Take Profit order – –for an open selling position, when Ask price in the quote flow is equal or smaller than an order level; h) ; Stop Loss order – –for an open selling position, when Ask price in the quote flow is equal or bigger than an order level. 4.5.24.4.2. In the cases of price gaps order execution is determined by the following rules: a) If the "Take Profit" level of a pending order is in the price gap during order opening, once the order is opened Take Profit settings will be annulled. In such a case a note is added to the comments: (tp cancelled/gap);