- Once the condition is triggered, the trading order pre-set by the client will be deemed as a valid order and will be sent to the exchange. As the originator of the order, the client must bear all responsibilities relateing to the trading order. uSmart Securities Limited ("uSmart") will not be liable to the client for any damages or compensation or loss of profits arising therefrom directly or indirectly.
- When the stock price/index level touches the triggering value preset by the client, the conditional order may fail to meet the requirements due to the position, funds, purchasing power and/or financing limit in the client's account at that time, causing the system to be unable to place the pre-set trading order to the exchange for execution. uSmart will not be responsible or guarantee that the customer's preset trading orders will be sent to the exchange for execution. Therefore, before setting a conditional order, the client should confirm the triggering stock price/index level, and also confirm whether the positions, funds, purchasing power and/or financing limit in the account satisfy the relevant requirements so as to avoid failure in sending the order to the exchange for execution.
- When setting a conditional order, the client must also pay attention to the triggering price or trading order price. uSmart may not accept the conditional order or the trading order may not be able to send to the exchange for execution due to factors such as uSmart’s internal risk management, different types of order mechanisms, or limitations from the real-time market price. Therefore, before setting a conditional order, the client should confirm all details of the conditional order are correct and understand the real-time market conditions and stock fluctuations.
- Conditional orders are formulated based on basic market rules and operations. Therefore, before setting a conditional order, the client should clearly understand the functions, features, operational focus and related risks of the conditional order. Since the use of conditional orders is more complicated than general trading orders, it is recommended that the client clearly understand the functions and operations of conditional orders before deciding whether and how to set up conditional orders. The client must bear all risks after setting the conditional order and any direct or indirect losses caused by setting the conditional order, including but not limited to not understanding the execution logic, controlling variables for buying a large number of shares, incorrectly inputting the trigger price or the commission price or other personal operating errors. The client should operate with caution to avoid losses.
- In using conditional orders, there may be errors or delays in the conditional order function due to system failures, network problems or other reasons beyond the reasonable control of uSmart, including but not limited to conditional orders not being triggered accurately, incorrect trigger, not triggered at the price, not triggered at the expiry date, etc. uSmart is not responsible for any direct or indirect losses caused by the above problems.
- Due to the characteristics of electronic trading, the client confirms that the trading order successfully executed using the conditional order may sometimes be inconsistent with the client’s preset conditions. The final execution result is subject to the execution results of the exchange, and the client must bear the relevant consequences and responsibilities.
- If the communication system of the Internet or mobile phone network fails, the computer room or server is damaged or overloaded, or is attacked or invaded by network hackers, viruses, etc., resulting in delays, suspension in trading transactions, Interruptions, errors or incorrect information received by the system preventing the conditional order from triggering all or part of the conditions, uSmart will not be responsible for any direct or indirect losses arising therefrom.
