Alpari agrees with a bank and opens a premium brokerage account. One of the provisions is that the account balance must not be less than $10 million. The bank, on the other hand, gives Alpari access to almost all major banks, i.e. liquidity providers. Q: How does the judgment apply to bulk trades that already have limits? A: Block transactions are bilateral transactions subject to clearing and are subject to Rule 1.73(a)(2)(iii) (but not the waiver portion of the rule). Bunched orders are orders executed by an account manager on behalf of the underlying clients and are subject to Rule 1.73(a)(2)(v) (but not the give up part of the rule). Q: If you need to replace a screening agreement. Is the trial the same? You are running a version of the previous agreement. You should not only terminate a screening agreement, as this terminates all give up agreements with that other FCM A: termination of the screening agreement does not automatically terminate all relevant give up agreements. If the executive broker is the party sending a notification of termination of the screening agreement, he or she must send a message resiliating all relevant waiver agreements.
Let`s look step by step at how it works. Suppose Alpari enters into an agreement with Currenex. Currenex then contacts Alparis PB and sets up an agreement to automatically send transaction confirmations to Alparis PB. Alpari then provides Currenex with a list of the banks it works with, and these banks are connected to the Currenex system. Q: So can customers be defined in the appendix? A: Let`s be clear, the agreement itself talks about the scope of clients to whom it applies – clients for whom there is a client version of the waiver agreement between the executive broker and the clearing broker. If the executive broker and the clearing broker wish to have different limits per client and they consent to them, they should add it to the schedule. Q: Does the screening agreement include the client? In the example, only the executive broker and the clearing broker were mentioned. A: This is exclusively an agreement between the broker-exporter and the clearing company. It is specially designed not to involve the customer.. .