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ONLINE
TRADING
AGREEMENT:
If
you have not yet spoken with an ANCO FX representative,
please
CLICK HERE.
Once you
have spoken to an
ANCO FX
representative and your account has been approved, please read and
electronically sign the Online Trading Agreement that follows so that
we may supply you with a username and password for our online trading
system.
IMPORTANT! READ THIS AGREEMENT BEFORE USING ANY OF THE
ANCO FX DISCOUNT FUTURES ("ANCO FX") ONLINE SERVICES.
ANCO FX’S ONLINE SERVICES INCLUDE ORDER ENTRY AND ACCOUNT STATUS
SYSTEMS, MARKET TRADING AND GENERAL INFORMATION INCLUDING QUOTES,
CHARTS, NEWS, SYSTEM INFORMATION AND OTHER SERVICES THAT MAY BE ADDED
FROM TIME TO TIME. ALL OF ANCO FX’S
ONLINE SERVICES SHALL BE COLLECTIVELY REFERRED TO AS "THE SYSTEM".
YOUR USE OF THE SYSTEM, OR SIGNED ACKNOWLEDGEMENT, INDICATES YOUR
ACCEPTANCE OF ALL THE TERMS OF THIS AGREEMENT.
1.
The System is accessed through the Internet. Some of the
information available on The System is produced by ANCO FX, and some
is provided by various independent sources believed to be reliable.
You acknowledge that the accuracy, completeness, timeliness, and
correct sequencing of the information concerning your trading and
account activity, the quotes, market and trading news, charts, trading
analysis and strategies, and other information that may be added from
time to time, is not guaranteed. You agree that ANCO FX
shall have no liability for the accuracy, completeness, and timeliness
or correct sequencing of the information or for any decision made or
taken by you in reliance upon information from The System, or for any
interruptions of information provided by The System, or for any aspect
of The System.
2.
You understand that while the Internet generally is reliable,
technical problems or other conditions may delay or prevent you from
entering or canceling an order on The System, or likewise may delay or
prevent
ANCO FX from executing an order on The System. ANCO FX shall not
be liable for, and you agree not to hold or seek to hold ANCO FX
liable for, any technical problems, system failures and malfunctions,
communication line failures, equipment or software failures and
malfunctions, system access issues, system capacity issues, high
Internet traffic demand, security breaches and unauthorized access
beyond the reasonable control of ANCO FX. ANCO FX does not
represent or guarantee that you will be able to access or use The
System at times or locations of your choosing, or that ANCO FX will
have adequate capacity for The System as a whole or in any geographic
location. ANCO FX does not make any warranties or guarantees
that The System will provide uninterrupted and error free service.
ANCO FX does not make any warranties or guarantees with respect to The
System or its contents. ANCO FX
reserves the right to suspend service, limit service, or deny access
to The System without prior notice.
3. You
acknowledge that all orders placed through The System are at your sole
risk and that until ANCO FX issues a reference or routing number and
approves the order, it is not a valid or accepted order by ANCO FX.
You further acknowledge that there are minimum margin requirements on
all commodity trades, current margin requirements are subject to
change without any prior notice, and contingency orders are not
accepted. If you enter an order through The System that places your
account in an under margined position, ANCO FX’s margin policy
applies. ANCO FX is not responsible for any delay or failure to
provide The System, including the ability to execute an order, in the
event that there is a restriction on your account or that you fail to
make a margin deposit.
4.
You agree not to reproduce, retransmit, disseminate, sell or
distribute any information found on
ANCO FX’s
website in any manner without the express written consent of
ANCO FX.
5.
(a) Upon approval of your account for online trading,
ANCO FX will provide you with a password. The password will
enable you to access your account and enter orders for your account
through The System. You agree to maintain the confidentiality of
the password at all times. You accept full responsibility for
the use and protection of the password, which includes, but is not
limited to, all orders entered into The System and changes in your
account information.
5. (b)
You accept full responsibility for monitoring your account(s) with
ANCO FX. Should you become aware of any loss, theft or
unauthorized use of your password, you agree to notify ANCO FX
immediately.
5. (c)
You agree that use of The System is at your own risk.
6.
You agree to indemnify and hold
ANCO FX
harmless from and against any and all claims, losses, liability, costs
and expenses including, but not limited to, attorney’s fees arising
from your violation of this Agreement. This indemnification and
hold harmless obligation will survive the termination of this
Agreement.
7. ANCO FX
reserves the right to terminate your access to The System in its sole
discretion, without notice and without limitation, for any reason
whatsoever, including but not limited to unauthorized use of The
System, breach of this Agreement, or breach or termination of your
Customer Agreement.
8.
You agree to pay all subscription, service and use fees, if any, and
commissions for any orders executed and agree that such fees may be
changed without notice. You agree to pay all costs (including
attorney’s fees), if any, incurred by
ANCO FX
in collecting overdue fees from you.
9. By
signing this Agreement or using The System, you represent that you
have read and understand the foregoing terms and conditions and agree
to be bound by them. This Agreement supplements the Customer
Agreement.
ELECTRONIC TRADING AND ORDER ROUTING SYSTEMS
DISCLOSURE STATEMENT*
Electronic trading and order routing systems differ from
traditional open outcry pit trading and manual order routing methods.
Transactions using an electronic system are subject to the rules and
regulations of the exchange(s) offering The System and/or listing the
contract. Before you engage in transactions using an electronic
system, you should carefully review the rules and regulations of the
exchange(s) offering The System and/or listing contracts you intend to
trade.
DIFFERENCES AMONG ELECTRONIC TRADING SYSTEMS
Trading or routing orders through electronic systems varies widely
among the different electronic systems. You should consult the rules
and regulations of the exchange offering the electronic system and/or
listing the contract traded or order routed to understand, among other
things, in the case of trading systems, The System’s order matching
procedure, opening and closing procedures and prices, error trade
policies, and trading limitations or requirements; and in the case of
all systems, qualifications for access and grounds for termination and
limitations on the types of orders that may be entered into The
System. Each of these matters may present different risk factors with
respect to trading on or using a particular system. Each system may
also present risks related to system access, varying response times,
and security. In the case of internet-based systems there may be
additional types of risks related to system access, varying response
times and security, as well as risks related to service providers and
the receipt and monitoring of electronic mail.
RISKS ASSOCIATED WITH SYSTEM FAILURE
Trading through an electronic trading or order routing system exposes
you to risks associated with system or component failure. In the event
of system or component failure, it is possible that, for a certain
time period, you may not be able to enter new orders, execute existing
orders, or modify or cancel orders that were previously entered.
System or component failure may also result in loss or modification of
orders and/or order priority.
SIMULTANEOUS OPEN OUTCRY PIT AND ELECTRONIC TRADING
Some contracts offered on an electronic trading system may be traded
electronically and through open outcry during the same trading hours.
You should review the rules and regulations of the exchange offering
The System and/or the trading platform being used to determine how
orders will be routed and executed.
LIMITATION OF LIABILITY
Exchanges offering an electronic trading or order routing system
and/or listing the contract may have adopted rules to limit their
liability, the liability of FCMs, and software and communication
system vendors and the amount of damages you may collect for system
failure and delays. These limitations of liability provisions vary
among the exchanges. You should consult the rules and regulations of
the relevant exchange(s) in order to understand these liability
limitations.
The undersigned hereby acknowledges that he/she has received, read,
and understands the Electronic Trading and Order Routing Systems
Disclosure Statement.
I
AGREE . . .
* You must fill out all required fields below
in order to receive your username & password.
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