Common use of Position Limits Clause in Contracts

Position Limits. Client agrees that IBKR, in its sole discretion, may establish position limits and/or may limit the number of open positions that Client may execute or hold through IBKR. Client agrees: (i) not to enter into any transaction that would have the effect of exceeding such position limits; (ii) that IBKR may at any time reduce open positions by issuing closeout or offsetting trades, or require Client to reduce open positions; and (iii) that IBKR may refuse for any reason to accept orders to establish new positions. IBKR may impose and enforce such limits, reduction or refusal even if not required to do so by law or regulation. Client shall comply with all position limits established by IBKR, any regulatory or self-regulatory organization, or by any exchange. Client agrees to submit immediate Notice to IBKR if required to file position reports with any regulatory or self-regulatory organization or with any exchange, and agrees to promptly provide IBKR with copies of any such position reports.

Position Limits. Client agrees that IBKR, in its sole discretion, may establish position limits and/or may limit the number of open positions that Client may execute or hold through IBKR. Client agrees: (i) not to enter into any transaction that would have the effect of exceeding such position limits; (ii) that IBKR may at any time reduce open positions by issuing closeout or offsetting trades, or require Client to reduce open positions; and (iii) that IBKR may refuse for any reason to accept orders to establish new positions. IBKR may impose and enforce such limits, reduction or refusal even if not required to do so by law or regulation. Client shall comply with all position limits established by IBKR, any regulatory or self-regulatory self­regulatory organization, or by any exchange. Client agrees to submit immediate Notice to IBKR if required to file position reports with any regulatory or self-regulatory self­regulatory organization or with any exchange, and agrees to promptly provide IBKR with copies of any such position reports.