Order Processing for Open Orders Clause Samples

Order Processing for Open Orders a) As soon as the Customer's order to open the position reaches the server, an automatic check for free margin for the opened order is performed on the trading account. If the required margin is present, the order is opened. If the margin is not sufficient, the order is not opened and a lack of funds notification is created on the server. b) In case of the "Market Execution" trading tool type, the quote to open an order may differ from the requested one. c) The notification about the open order that appears in the server log states that the Customer's request has been processed and the order has been opened. Every opened order on the trading platform receives a timer. d) An order to open a position submitted for processing before the appearance of the first quote on the trading platform at market opening will be declined. In this case, a message will appear in the Customer terminal window stating "No quotes/no trades forbidden". If the Company erroneously processes a Customer's order to open an order at the closing price of the previous day, the Company is responsible for closing that order. In this case, the Company contacts the Customer to inform about it.