Premium Execution Orders Sample Clauses

Premium Execution Orders. (i) The Company shall provide order handling services for each Premium Execution Order routed to the Company as follows: (1) For a Premium Execution Order of an Equity Security that is traded on an Exchange or on Nasdaq and for which the Order size does not exceed the Block Share Amount for such Equity Security, such Premium Execution Order shall be executed by the Company pursuant to a proprietary intelligent routing and trading technology that uses available real-time market data to identify the best available price in the national market and execute such Order as principal or agent in each case in accordance with Section 2.4(a) (Execution Quality Service Levels), it being understood that the Company may execute such Order as principal or agent; and (2) For all other Premium Execution Orders (including Orders for Equity Securities that are Non-Nasdaq OTC Securities or for which the Order size equals or exceeds the Block Share Amount for such Equity Security) the Company shall have the right, but not the obligation, to route such Order pursuant to a proprietary intelligent routing and trading technology that uses available real-time market data to identify the best available price in the national market and execute such Order as principal or agent, in any case in accordance with Section 2.4 (Execution Quality Service Levels), it being understood that the Company shall, in its sole discretion, determine whether to execute such Premium Execution Orders either as principal or by routing the Order to another market center as riskless principal or agent. (ii) All Premium Execution Orders shall be executed by the Company on a principal, riskless principal or agency basis without commission or commission equivalent.