Common use of System Malfunction Clause in Contracts

System Malfunction. Client shall acknowledge and agree that there are risks linked to the occurrence of failures in the online trading system or some of its constituents. In the event of failure of the system or any part thereof, the client may not be able, for a certain period, to implement new orders or outstanding orders or alter or cancel orders already implemented. The system failure or any constituent thereof may give rise to loss orders or their priority of implementation. However, the company, or any relevant third party, shall not be responsible in any way whatsoever, for any disruption in the online trading system or any failures in the constituent of the system and in the orders.

Appears in 2 contracts

Sources: Financial Brokerage Agreement, Financial Brokerage Agreement