Instinet definition
Examples of Instinet in a sentence
The Client will reimburse Instinet, an y Affiliated Company and the operator of the CoLo Facility for any Losse s (including damage to equipment) caused by its and/or any Client Related Party’s actions or, negligence or failure to comply with this paragraph.
For the avoidance of doubt, the client acknowledges that the Co-Lo Services are provided by third parties for whose acts and omission Instinet or any Affiliated Company are not responsible.
For the avoidance of doubt, an Order (or part thereof) cannot be successfully cancelled on the Execution Venue to which it was routed if Instinet recei ves (partial or full) execution(s) of that Order and the Client shall be liable for the portion of the Order so executed.
From time to time, Instinet may provide the Client with access to a CoLo Facility to enable the Client to receive CoLo Services.
Instinet will not have any right of set-off over Research Charges in relation to any Research Services that Instinet may provide to the Client.
Where the Client places with Instinet a client limit order in shares which are admitted to trading on an Execution Venue and that Order is not immediately executed under prevailing market conditions, the Client expressly instructs Instinet to exercise discretion in determi ning whether or not to immediately publish such a limit order where otherwise Instinet is required to do so under Applicable Rules.
Instinet acknowledges that the Client’s software, algorithms, code or any other such information which is contained within that part of the Co-Lo facility that Instinet provides for the Client’s benefit and will remain proprietary to the Client and Instinet shall not have access, except to the extent required by Applicable Rules.
Any payments by Instinet to the RPA(s) shall be without interest.
The Client agrees to comply with all IT and operational requirements relating to its use of the CoLo Services n otified by Instinet to the Client from time to time.
The Client may only use the CoLo Services for Transactions with Instinet and as may otherwise be permitted by Instinet in writing.