3. Definitions:
a) “System” shall mean an electronic system designed to allow trading in Financial Contracts a platform, over the internet, subject to all terms of this Agreement and the terms as defined in the Trading Manual, which is an integral part of the Agreement;
b) “URL” means the web address of a specific website. Therefore the URL for Novox Capital Ltd
would be http://www.novoxcapital.com;
c) “Market making” A ‘market maker’ or ‘liquidity provider’ is a company, or an individual, that
quotes both a buy and a sell price in a financial instrument or commodity held in inventory.
d) “Derivatives” shall mean a contract whose value is derived from that of an underlying financial
instrument.
e) “CySEC” shall mean the Cyprus Securities and Exchange Commission; the body in charge of
regulating the financial markets in Cyprus
f) “MiFid” shall mean “The Markets in Financial Instruments Directive”; a European Union law that
provides harmonized regulation for investment services across the 31 member states of the European
Economic Area
g) “Emir” shall mean the “European Market Infrastructure Regulation” (EMIR) is a European
Union regulation designed to increase the stability of the over-the-counter (OTC) derivatives markets
throughout the EU states.
h) “Financial Contract” or “Contract” shall mean a contract to open a Binary Options or Digital
Options position or any other financial service that the Company may offer to its customers through
the System;
i) “Binary or Digital Options” shall mean an option which offers a potential fixed return
predetermined at the opening of the Contract;
j) “Contract Price” shall mean the prices offered by the System which are based upon “indicative”
prices provided by various financial information systems as the current updated rates for contracts in
the financial markets;
k) “Markets” shall mean the international financial, commodities, and other applicable markets,
where contract rates are being fixed upon free trade, and other markets where various financial assets
are traded;
l) “Business Day” shall mean any calendar day beginning at 00:00 and ending at 23:59 GMT+2;
m) “Transaction” shall mean purchase or sale of a Financial Contract for a fixed price;
n) “Collateral” shall mean the initial sum deposited by the client with the Company after the
deduction of loses, deduction of funds withdrawn by the client, plus profits derived from the
Transactions;
o) “Multilateral Trading Facility” is a multilateral system operated by an Investment Firm or market
operator, which brings together or facilitates the bringing together of multiple third-party buying and
selling interests in financial instruments (in the system and in accordance with its nondiscretionary
rules) in a way that results in a contract;
p) “Regulated Market” shall mean the multilateral system managed or operated by a market
operator and which brings together or facilitates the bringing together of multiple third-party buying
and/or selling interests in financial instruments (in the system and in accordance with its nondiscretionary
rules) in a way that results in a contract, in respect of the financial instruments admitted
to trading under its rules and/or systems, in which are authorized and functions regularly in
accordance with the provisions of Law 144(I)/2007 or respective legislation of other member states
that are enacted in compliance with Directive 2004/39/EC.
q) “Trading bonuses” are our way of thanking new customers for choosing to trade with us. A firstdeposit
bonus allows first-time traders to open trades using the bonus-money instead of their own
money until they become familiar with binary options and our trading platforms. Other types of
bonuses may also be offered from time to time
3. Definitions:
a) “System” shall mean an electronic system designed to allow trading in Financial Contracts a platform, over the internet, subject to all terms of this Agreement and the terms as defined in the Trading Manual, which is an integral part of the Agreement;
b) “URL” means the web address of a specific website. Therefore the URL for Novox Capital Ltd
would be http://www.novoxcapital.com;
c) “Market making” A ‘market maker’ or ‘liquidity provider’ is a company, or an individual, that
quotes both a buy and a sell price in a financial instrument or commodity held in inventory.
d) “Derivatives” shall mean a contract whose value is derived from that of an underlying financial
instrument.
e) “CySEC” shall mean the Cyprus Securities and Exchange Commission; the body in charge of
regulating the financial markets in Cyprus
f) “MiFid” shall mean “The Markets in Financial Instruments Directive”; a European Union law that
provides harmonized regulation for investment services across the 31 member states of the European
Economic Area
g) “Emir” shall mean the “European Market Infrastructure Regulation” (EMIR) is a European
Union regulation designed to increase the stability of the over-the-counter (OTC) derivatives markets
throughout the EU states.
h) “Financial Contract” or “Contract” shall mean a contract to open a Binary Options or Digital
Options position or any other financial service that the Company may offer to its customers through
the System;
i) “Binary or Digital Options” shall mean an option which offers a potential fixed return
predetermined at the opening of the Contract;
j) “Contract Price” shall mean the prices offered by the System which are based upon “indicative”
prices provided by various financial information systems as the current updated rates for contracts in
the financial markets;
k) “Markets” shall mean the international financial, commodities, and other applicable markets,
where contract rates are being fixed upon free trade, and other markets where various financial assets
are traded;
l) “Business Day” shall mean any calendar day beginning at 00:00 and ending at 23:59 GMT+2;
m) “Transaction” shall mean purchase or sale of a Financial Contract for a fixed price;
n) “Collateral” shall mean the initial sum deposited by the client with the Company after the
deduction of loses, deduction of funds withdrawn by the client, plus profits derived from the
Transactions;
o) “Multilateral Trading Facility” is a multilateral system operated by an Investment Firm or market
operator, which brings together or facilitates the bringing together of multiple third-party buying and
selling interests in financial instruments (in the system and in accordance with its nondiscretionary
rules) in a way that results in a contract;
p) “Regulated Market” shall mean the multilateral system managed or operated by a market
operator and which brings together or facilitates the bringing together of multiple third-party buying
and/or selling interests in financial instruments (in the system and in accordance with its nondiscretionary
rules) in a way that results in a contract, in respect of the financial instruments admitted
to trading under its rules and/or systems, in which are authorized and functions regularly in
accordance with the provisions of Law 144(I)/2007 or respective legislation of other member states
that are enacted in compliance with Directive 2004/39/EC.
q) “Trading bonuses” are our way of thanking new customers for choosing to trade with us. A firstdeposit
bonus allows first-time traders to open trades using the bonus-money instead of their own
money until they become familiar with binary options and our trading platforms. Other types of
bonuses may also be offered from time to time
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