Execution Broker definition

Execution Broker means a licensed or registered securities broker in the exchanges in the United States of America (“USA”) as appointed by the Company as designated broker which executes the transactions in relation to US Stock Options and/or clearing the same. 「執行經紀」指本公司所委任的指定經紀，其為在美國交易所的註冊經紀，它將執行美國股票期權交易及/或結算。

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Execution Broker means (i) the financial institution with SFC Type 1 license which will be used to execute the shares trading orders or (ii) such other financial institution with the proper license(s) to execute shares trading orders in the appropriate market(s) as introduced by the Introducing Broker;

Execution Broker means a third-party regulated financial institution to whom the Company transmits the Orders received from Clients on the Trading Platform and who is responsible for the Order execution on an Execution Venue.

Examples of Execution Broker in a sentence

• The Authorised Execution Broker shall at all times have custody and/ or physical control of the Managed Portfolio unless otherwise directed by the Client to deposit or transfer all or any portion of such Managed Portfolio elsewhere.

• Notwithstanding anything herein to the contrary, all Managed Portfolio in the securities account held in the Authorised Execution Broker are assets of, and solely owned by, the Client and remain such at all times.

• Under no circumstances shall the Manager have or take, or direct any person other than the Authorised Execution Broker to have or take custody and/ or physical control of the Managed Portfolio.

• As an Authorised Person under the Terms of Use we can instruct the making of payments to third party beneficiaries of yours, including the Execution Broker.

• The Client shall have the right to seek compensation and redemption from Northvale Limited and the Execution Broker Individually and collectively for the reasons stated in this clause.

• The Manager may place orders for the execution of transactions with or through the clients Execution Broker that offer rebates or soft dollars to the Manager.

• You understand and agree that telephone calls between you and TCSCL or TCSCL’s Affiliates or third-party providers (including without limitation, Manager, Product Issuer or Execution Broker, as the case may be) may be recorded and that such recording(s) may be used in evidence of the contents of the call.

• Therefore all market risk remains with your Portfolio and any failure of the Execution Broker would impact directly your Portfolio.

• Applicable law may require the Company, the Execution Broker, any other counterparty, a bank or a depositary to deduct tax from sale proceeds before they are credited to the Client’s account or remitted to the Client from his/her account.

• For OTC Stock Options, the Client understands and agrees that the operations of the Client Contract shall be in accordance with the terms of such Options imposed by the Execution Broker.

More Definitions of Execution Broker

Execution Broker means (1) regarding US Stock Options Trading, a licensed or registered securities broker in the exchanges in the United States of America (“USA”) as appointed by the Company as designated broker which executes the transactions in relation to US Stock Options and/or clearing the same; (2) regarding OTC Stock Options Trading, a licensed or registered securities broker as appointed by the Company as designated broker which executes the transaction in relation to OTC Stock Options and/or clearing the same . 「執行經紀」指(1)關於美國股票期權交易，本公司所委任的指定經紀，其為在美國交易所的註冊經紀，它將執行美國股票期權交易及/或結算; (2) 關於場外股票期權交易，本公司所委任的指定持牌或註冊經紀，它將執行場外股票期權交易及/或結算。