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01/06/2010: Alpari :: Improves Trading Terms For Cfd

We’re happy to announce that starting June 1, 2010, Alpari will improve trading terms on CFD. Pending orders on all CFDs held will be valid until deleted by the client or until the expiration of the trading instrument, simplifying work for our clients who use long-term trading strategies. In connection with these improvements, there will be changes made in clauses 5.4 and 5.5 of the Terms of Business.

Previous Version:

  • 5.4. Pending Orders on the Instruments, which are traded 24 hours a day, have “GTC” (“Good Till Cancelled”) status. The expiry date and time can be set by the Client in the “Expiry” field.
  • 5.5. Pending Orders on the Instruments, which are not traded 24 hours a day, have “Day Order” status and will be deleted at the end of a trading session.

New Version:

  • 5.4. For Instruments with Pending Orders that have the GTC (“Good Till Cancelled”) status, the order’s validity can be set independently by the Client, indicating a concrete date and time in the “Expiry” field. Otherwise the order will be accepted indefinitely. The order status for each instrument is indicated in the Contract Specification.
  • 5.5. For Instruments with Pending Orders that have the DO (“Day Order”) status, orders are only accepted within the trading session and are deleted by the Dealer at the end of the trading day. The order status for each instrument is indicated in the Contract Specification.


 
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