Proprietary and Agent Trading Sample Clauses
The Proprietary and Agent Trading clause defines the rules and limitations regarding a party's ability to trade on its own behalf (proprietary trading) or on behalf of clients (agent trading) within the context of the agreement. This clause typically outlines whether and how a party may engage in transactions for its own account, for client accounts, or both, and may set boundaries to prevent conflicts of interest or misuse of confidential information. Its core function is to ensure transparency and fairness in trading activities, protecting both parties from potential conflicts and clarifying the scope of permissible trading under the agreement.
Proprietary and Agent Trading. Internal use of the Market Data for the purposes of (1) proprietary trading, i.e., trading in one’s own name and for own account, as well as (2) agent trading, i.e., trading for a third party and on behalf of a third party or trading in one’s own name but on behalf of a third party.