General Terms & Conditions for Lykke
Pocket Trading Rules
Accounts & Products
Acceptance of Risk involved with the Use of Lykke Pocket
Confirmations and Obligations of the Participant
Upon registration with Lykke Pocket, the Participant confirms that it consents to adhere to these Trading Rules and confirms and undertakes that:
Relation between Lykke Pocket, the Participant and Lykke
Relation to Third Parties
The Participant may have been recommended trading on Lykke Pocket by a third party. In such cases, Lykke shall not be liable for any agreement or terms that may exist between the Participant and the respective third party.
Communications from the Participant to Lykke
Communications from Lykke to the Participant
All notices or other communications made by Lykke to the Participant, including account statements and transaction confirmations may, at Lykke's sole discretion, be sent to the Participant by e-mail to the address specified by the Participant or made available on the Lykke web and mobile interfaces. Such notices or communications shall be deemed to have been received by the Participant and transmitted in the proper manner once Lykke has made them available on the web and mobile interfaces or sent them by email. It shall be the Participant's responsibility to take the necessary actions to ensure that it is able to access any communications sent to him. Lykke shall not be liable for any delay, modification, re-routing or any other modification that the message might undergo after being sent by Lykke unless it is a result of gross negligence, wilful default or fraud attributable to Lykke.
Transactions and Cancellation
The Participant accepts, acknowledges and understands that:
In the event that there is an obvious error in the price quoted by Lykke upon RFQ, Lykke shall not be bound by any transaction whatsoever (whether or not confirmed) which is, or purports to have been, entered into at a price which Lykke is able to substantiate to the Participant was manifestly incorrect at the time of the transaction or which was or should have reasonably been known by the Participant to be incorrect at the time of the execution of the transaction. In such situation Lykke may in its sole discretion either not execute the transaction or execute the transactions at the quoted price or the correct price and, if it does so, Lykke may close out the transaction executed (including by correcting either the price at which Lykke hedged the transaction or the historic market price). In any such situation, Lykke shall not be liable for any losses, damages, costs, expenses, liabilities or claims except to the extent that they arise directly out of Lykke’s gross negligence, wilful default or fraud.
Blocking of the Lykke account
The Participant shall indemnify and hold Lykke harmless against any and all losses, taxes, expenses, costs and commitments (present, future, unexpected or otherwise and which include reasonable legal fees) that Lykke may sustain or incur as a result of or in relation to any breach of contract by the Participant and the relevant measures taken by Lykke to safeguard its own interests.
General Trading Rules
Suspension of trading (Trading halts)
Request for Quote
Participant Support and Deal Queries
Lykke shall be authorised to change or amend these Trading Rules at any time. Such amendments will be communicated to the Participants in an appropriate manner and shall enter into effect on the date determined by Lykke.
Severability, Delegation to Third Party, No Waiver
Applicable Law and Place of Jurisdiction