Riskless Principal definition

Riskless Principal. OPO GROUP LLC. acts as Riskless Principal when it receives a Client order for execution and immediately executes an identical order in the market, while taking on the role of Principal, in order to fill the Client’s order.
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Examples of Riskless Principal in a sentence

  • Further BitGo Prime is not obligated to price a Transaction equal to a corresponding Riskless Principal Transaction.

  • BitGo Prime may contemporaneously engage in offsetting Transaction(s) with a third party(ies) (a “Riskless Principal Transaction’), and when engaging in such Riskless Principal Transactions, BitGo Prime is not obligated to identify the ultimate source of liquidity.

Related to Riskless Principal

  • Principal means an officer, director, owner, partner, or a person having primary management or supervisory responsibilities within a business entity (e.g., general manager; plant manager; head of a division or business segment; and similar positions).

  • Premium means any premium payable under the terms of the Notes.