Trade Execution Services Sample Clauses
The Trade Execution Services clause defines the responsibilities and procedures for carrying out the buying and selling of financial instruments on behalf of a client. It typically outlines how orders are placed, the standards for best execution, and any limitations or conditions under which trades will be executed. For example, it may specify the types of markets or platforms used, or the timing and method of order confirmation. The core function of this clause is to ensure transparency and efficiency in the execution of trades, while clarifying the obligations of the service provider and protecting the interests of the client.
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Trade Execution Services. The Client will be responsible for opening an account with SIA’s chosen qualified custodian, Interactive Brokers (the "Custodian"), to have custody of, and to handle the purchase and/or sale transactions of the securities or other investments in the Client Account upon online execution by SIA. The Client hereby authorizes SIA to receive duplicates of the Custodian’s regular statements. SIA shall not receive any commission or compensation from any broker/dealer or Custodian for transactions in the Client Account. SIA will not be responsible for, nor liable to the Client, for any loss or liability incurred by the Client by reason of any action, omission, or inaction on the part of the Custodian. The Client is solely responsible for determining if, and to what extent, the Custodian insures the Client Account. By the execution of this Agreement, the Client specifically authorizes Custodian Interactive Brokers, having custody of the Client Account, to receive trading instructions from SIA on behalf of the Client, and said Custodian may rely on this Agreement as such authorization. The Client agrees to sign such third party trading authorizations as may be required for this purpose by the Custodian. The Client hereby designates Interactive Brokers as Custodian. (Initials ).
Trade Execution Services. The Client will be responsible for selecting the Broker/Dealer having custody of (the "Client Broker"), and to handle the purchase and/or sale transactions of the securities or other investments in the Client Account upon instructions from New West. The Client hereby authorizes New West to receive duplicates of the Client Broker's regular statements. While New West may from time to time recommend broker/dealers to the Client with which New West may have a special trading relationship, such recommendation will be made to minimize commission or other transaction costs to the Client or to assure quality brokerage service to the Client and New West. New West shall not receive any commission or compensation from any broker/dealer for transactions in the Client Account without the written consent of the Client. New West will not be responsible for, nor liable to the Client, for any loss or liability incurred by the Client by reason of any action, omission, or inaction on the part of the Client Broker, whether or not said Client Broker, was recommended by New West. The Client is solely responsible for determining if, and to what extent, the Client Broker insures the Client Account. By the execution of this Agreement, the Client specifically authorizes any broker/dealer selected by the Client, having custody of the Client Account to receive trading instructions from New West on behalf of the Client, and said broker/dealer may rely on this Agreement as such authorization. Client agrees to sign such third party trading authorizations as may be required for this purpose by the Client Broker. Client designates
Trade Execution Services