Orders and Executions Clause Samples

Orders and Executions. (1) We will accept “At Best”, “Limit”, “Stop”, and “Stop-Limit” Orders. We will not generally offer firm two way quotes and shall be under no obligation to do so. You acknowledge that Spreads can and do widen significantly in some circumstances, that they may not be the same size as any examples we may provide for illustration. You acknowledge that when you close a Margin Trade the Spread may be larger or smaller than the Spread when the Margin Trade was opened. For Margin Trades transacted when the Underlying Market is closed or in respect of which there is no Underlying Market, the figures which we quote will reflect what we believe the market in a Security to be at that time. You acknowledge that such figures will be set by us in our absolute discretion. (2) We offer both a “House Account” and a “Touch Account”. House accounts are commission–free and orders are dealt against our “House” prices. “Touch Accounts” are dealt on the prices reflecting the spreads of Underlying Security(ies) of the CFD or other Margin Trade in question, and carry a commission charge. For Margin Trades which are available only as House products with House Prices (For example, Spread Bets with fixed date Expiries), we may in our sole discretion offer those particular Margin Trades commission-free to Touch Accounts as well as House Accounts. Our commission schedule is available on our website(s) or via customer service contacts. House Accounts and Touch Account may also have different order size restrictions (see 4(4) and 5(6)). (3) We may accept dealing instructions directly from you by telephone, via our website(s) or by such other means as we may from time to time notify to you. Prices displayed by us on our website(s) or via any other medium are only indicative and you acknowledge that we do not guarantee that you will be able to open or close a Margin Trade at the level of such prices. (4) We reserve the right (in our absolute discretion) to refuse to accept a dealing instruction to open (or if applicable close) a Margin Trade with us or having accepted it may refuse to act on it. The circumstances in which we may exercise our discretion include (without limitation) Manifest Error, our being unable to obtain a quote which we consider reliable in the Underlying Investment, our determining that the proposed size of the transaction is too small or too large in the circumstances or that the resultant Open Position with us would be too large or too small, or determine that a Forc...