Systematic internaliser Sample Clauses

Systematic internaliser. Where Westpac’s London Branch is acting as a systematic internaliser in accordance with Article 18 of UK MiFIR, it is required to publish firm quotes under certain conditions. The basis on which Westpac will make available these quotes to clients is set out in our Systematic Internaliser Disclosure Statement published at: ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇-▇▇▇▇▇▇▇/▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇/▇▇▇▇▇▇▇-▇▇. Westpac and its affiliates have implemented policies and procedures, which are designed to ensure conflicts of interests are managed consistently and appropriately, and to treat clients and counterparties fairly. A copy of our summary policy on conflicts will be available at the following website address ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇-▇▇▇▇▇▇▇/▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇/▇▇▇▇▇▇▇-▇▇. Where we do not have reasonable confidence that we are able to manage a conflict of interest we will, as a last resort, disclose that conflict of interest to you prior to providing the relevant service. We will not be liable to account to you for any benefit made or received by us or any of our Affiliates in those circumstances. If you have any concerns regarding how these potential conflicts will be managed, please do not hesitate to discuss your concerns with the Westpac professionals with whom you are dealing. Westpac’s activities are also subject to Applicable Laws in the jurisdictions in which we operate, and these may lead to jurisdictional differences in the manner in which we conduct our activities. 5.1 Different order types (a) Westpac may receive order types and engage in Transactions in many different ways. including: (i) fixed price orders. Westpac may accept an order from you to buy from you or sell to you at a fixed price. In those cases, Westpac trades with you as a principal, and when you place such an order with us, the decision as to if and when we execute a Transaction with you at the requested price will be at our sole discretion until, and unless, you cancel the order; (ii) benchmark orders (including fixing, market closing, time weighted average price (TWAP)). Westpac may accept an order from you to buy from you or sell to you at a price determined in relation to a third-party benchmark, e.g. a fixing price, a market closing price, or a market time-weighted average price which may be fixed or target published by a trading venue; (iii) market orders (at best, specific instructions and algorithmic execution). Westpac may accept an order from you to buy from you or sell to you at a ...