OPTIONS TRADING. Customer understands that futures exchanges and their clearinghouses have established certain cut-off times for the tender of instructions to exercise, or prevent the exercise of, options on commodity futures and other Commodity Interests (each an "Option" and collectively "Options") which are purchased or sold by Customer for Customer's Account(s). Customer understands that GAIN may establish cut-off times for the tender of instructions to exercise, or prevent the exercise of, Options which are lesser than those established by the futures exchange on which such Option is traded. Customer agrees to accept full responsibility for knowing such cut-off times and tendering such instructions to exercise, or prevent the exercise of, Options which are purchased or sold by Customer for Customer's Account(s). Customer agrees that GAIN has no responsibility whatsoever to exercise, or prevent the exercise of, Options in Customer's Account(s) (including, without limitation, Options that may be "in the money"). Customer understands that certain futures exchanges and their clearinghouses automatically exercise Options which are "in the money" unless instructed otherwise. Customer understands that short Options are subject to assignment at any time, including the day on which short Options may be established, and that such assignments are allocated only. Customer understands that any such assignment will result in a corresponding futures or cash position in Customer's Account(s) which may subject Customer to additional margin requirements. Customer agrees that Customer's Account(s) shall be charged separate commissions at such rates which are in effect from time to time upon the exercise or offset of Options in Customer's Account(s).
OPTIONS TRADING. 43.1 The Client agrees that the terms of the Options Contract (including that of the Standard Contract as defined in the Options Trading Rules) for the relevant Options series shall apply to each Options Contract between uSMART SG and the Client, and that all Options Contracts shall be created, exercised, settled and discharged in accordance with the Rules.
OPTIONS TRADING. If I want to trade options, I shall complete and execute appropriate applications and agreements for options trading. I understand that the application will be subject to acceptance. For information on the benefits, costs, and risks of Options Trading, see the Options Clearing Corporation’s publication “The Characteristics & Risks of Standardized Options” (xxxxx://xxx.xxxxxx.xxx/about/ publications/publication-listing.jsp) Options trading may not be available in all accounts types. For more information please contact your HSBC Securities representative or HSBC Securities at the phone number listed at the beginning of this agreement. About What is Needed to Open Accounts
OPTIONS TRADING. 4.1 The Client agrees that the terms of the Standard Contract (as defined in the Options Trading Rules) for the relevant Options series shall apply to each Options Contract between GTJAS and the Client, and that all Options Contracts shall be created, exercised, settled and discharged in accordance with the Rules. SEOCH has authority under the Rules to make adjustments to the terms of Contracts and the GTJAS shall notify the Client of any adjustments made by SEOCH to the terms of Contracts which affect Options Contracts to which the Client is a party.
OPTIONS TRADING. You understand and acknowledge that options trading is not appropriate for all investors and has connected therewith a number of inherent risks, and you are fully prepared financially to undertake such risks and to withstand any losses created thereby. You further understand and acknowledge that commission charges may be significant in relation to the premiums paid and you agree to pay all commissions incurred by you on every transaction relating to options including any exercising of an option and/or the honouring of any obligation in respect of any option which has been exercised and all commissions that may be incurred relative to Aviso Correspondent Partners selling out or buying in securities or options. Each transaction will be subject to the by-laws, regulations, rules, rulings and customs (whether in force at the time of the transaction or subsequently adopted) of the clearing corporation issuing the option, the exchange on which the option trades and any other regulatory body which may have jurisdiction. In addition, each transaction will be subject to Aviso Correspondent Partners’ rules, regulations and customs for options trading. Such by-laws, regulations, rules, rulings, and customs may provide for position limits, exercise limits, margin requirements and requirements for cash-only trades during certain periods such as the last 10 business days to expiry of an option. You will comply with all such rules, limits and requirements which are now in effect or which from time to time may hereafter be passed or adopted. We will have sole discretion to determine whether or not to accept any order from you for a trade in an option. We may execute orders for you acting as principal on the other side of a transaction or as part of larger transactions for you and others and may act for other customers on the other side of a transaction as we may deem advisable, subject, however, to the rules of the applicable exchange. You consent and agree to ratify any transaction with your Account in which Aviso Correspondent Partners acts as a market maker or principal in the purchase or sale of options. It is also understood that any charge to you expressed as a commission for any purchase or sale of options where Aviso Correspondent Partners acts as a market maker or principal shall be deemed a sum payable increasing the cost to you of such transactions. The office through which you may instruct Aviso Correspondent Partners as to options transactions will be open du...
OPTIONS TRADING. The Client understands that some exchanges and clearing houses have established cutoff times for the tender of exercise instructions and that an Option will become worthless if instructions are not delivered before such expiration time. The Client also understands that certain exchanges and clearing houses automatically will exercise some ‘inthemoney’ Options unless instructed otherwise. The Client acknowledges full responsibility for taking action either to exercise or to prevent the exercise of an Option contract, as the case may be; Questrade is not required to take any action with respect to an Option contract, including without limitation any action to exercise a valuable Option prior to its expiration date or to prevent the automatic exercise of an Option, except upon the Client’s express instructions. The Client further understands that Questrade has established exercise cutoff times, which may be different from the times established by exchanges and clearing houses. The Client understands (i) all short Option positions are subject to assignment at any time, including positions established on the same day that exercises are assigned; and (ii) exercise assignment notices are allocated randomly from among all Questrade Clients’ short Options positions which are subject to exercise. A more detailed description of Questrade’s allocation procedure is available upon request.
OPTIONS TRADING. The trading which entitles the option buyer and obligates the option seller to purchase or to sell an economic or financial asset, capital market instrument, commodity, precious metal or currency at a predetermined price, quantity and quality, either on or until any given maturity date.
OPTIONS TRADING. The Trustee shall be empowered to maintain a stock option account with a stock brokerage firm, to execute all documents necessary for the opening and maintenance thereof, and to buy, sell and otherwise trade stock options, including *puts an calls, whether or not covered by like securities held in the brokerage account.
OPTIONS TRADING. The Introducing Broker represents that before it commences any trading in options for any Introduced Account, it will have a Senior Registered Options Principal registered with either the American Stock Exchange, Inc. or the National Association of Securities Dealers, Inc. (the "NASD").
OPTIONS TRADING. Client acknowledges that Client is fully responsible for taking action to exercise an option contract. AAI is not required to take any action with respect to an option contract, including, without limitation, any action to exercise a valuable option prior to its expiration date, except upon express instructions from Client. Client understands that exchanges and clearing houses have established exercise cut-off times for the tender of exercise instructions and that options will become worthless if instructions are not delivered before such expiration time. Client also understands that some exchanges or clearing houses will automatically exercise “in the money” options unless instructed otherwise. Client further understands that AAI has established exercise cut-off times which may be different from the times established by exchanges and clearing houses. Client understands that (a) all short option positions are subject to assignment at any time, including positions established on the same day that exercises are assigned, and (b) exercise assignment notices are allocated randomly from among all AAI’s clients’ short option positions which are subject to exercise.
