Spot FX definition
Examples of Spot FX in a sentence
In this regard, the Customer authorizes and instructs ▇▇▇▇▇ (as a standing Authorized Instruction hereunder) to hold execution (where appropriate) and to execute all securities related FX Transactions instructed by the Customer under a Standing Mandate Trading Instruction as Spot FX Transactions (as defined herein).
In this regard, the Customer authorises and instructs ▇▇▇▇▇ (as a standing Authorised Instruction hereunder) to hold execution (where appropriate) and to execute all securities related FX Transactions instructed by the Customer under a Standing Mandate Trading Instruction as Spot FX Transactions (as defined herein).
The prevailing market is determined by Cboe FX, in its discretion, by reference to factors that may include the midpoint of the best bid/ask spread available to the user at the time of order entry on the Cboe FX Platform, the prices available to other users on the Cboe FX Platform, prices otherwise available in the broader market, including rates available on other venues that offer trading in Spot FX Transactions (as such term is defined below), and/or any other relevant fact or circumstance.
Participating Financial Institutions and clients of Participating Financial Institutions must have the ability to effect physical delivery with respect to Spot FX Transactions and Bullion Transactions occurring via the Cboe FX Platform; the transactions entered into on the Cboe FX Platform are not rolled as a matter of course; and any netting shall only be done in accordance with a pre-negotiated netting agreement entered into between the counterparties to the transactions.
In addition to a review of trade and market data, Cboe FX may speak with the counterparties to the transaction and market professionals not involved in the transaction in order to gather relevant information about the transaction and market conditions, and may seek data or other information from other venues that offer trading in Spot FX Transactions.
Generally, a transaction executed within the applicable Spot FX Fair Trade Range is likely to be considered by Cboe FX to be a valid transaction and therefore is not likely to be considered by Cboe FX to be an Off-Market transaction.
In the event of a late request, Cboe FX will take into consideration several factors in determining whether to conduct a review including but not limited to: the amount by which an execution price is outside of the Spot FX Fair Trade Range; the elapsed time between trade execution and the Cboe FX’s receipt of a request for a review; and the subsequent movement of the market in the time between trade execution and the review request.
Margin requirements are applicable to all Spot FX, Forwards and Options to which we act as a counterparty.
Upon exercising the Option, you will be automatically entered into a Spot FX detailed in the Transaction Confirmation and will be bound by this Agreement.
A contract to enter into the Spot FX Transaction or FX Order or to perform the Order Service the subject of a FX Order (subject to the satisfaction of the Order Conditions of the FX Order) is formed at the time that FX Order is accepted by the Bank.