Addendum to Access Agreement Between GAIN Capital Group, LLC and Questrade, Inc.

Contract Categories: Business Finance › Modification Agreements
Summary

This addendum modifies the existing Access Agreement between GAIN Capital Group, LLC and Questrade, Inc., originally dated December 2004. Under the revised terms, GAIN will pay Questrade a specified fee per million in trading volume for forex transactions executed by customers introduced by Questrade, with payments calculated monthly. The addendum applies only to customers in the Default Program and does not affect other customers. All other terms of the original agreement remain unchanged unless inconsistent with this addendum. Both parties have agreed to and signed the addendum.

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EX-10.40 24 y75376a2exv10w40.htm EX-10.40 exv10w40
Exhibit 10.40
Confidential Treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as “***”. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.
Addendum to ACCESS AGREEMENT
Between GAIN Capital Group, LLC and Questrade, Inc.
Dated December 2004
In consideration for the mutual promises contained herein and the consideration for the Agreement, the parties hereto agree to amend and revise the Agreement as per Section 3 as follows:
SERVICES TO BE PROVIDED.
Payment for Order Flow
GAIN will compensate Questrade, Inc. *** per million on standard forex fixed spreads and USD *** per million on forex fractional spreads per round trip base currency unit transaction executed by Customers introduced to GAIN by Questrade. GAIN will compensate Questrade the Fee for all customers · selected to participate in the Default Program. All other customers will not be affected by this Addendum.
All volume calculations to determine the Fee will begin the first trading day of each calendar month and end the last trading day of each calendar month. GAIN will make these fee payments to Questrade for trade order flow during the initial term of the Agreement between GAIN and Questrade provided both parties honor all terms and conditions of the Agreement and this Addendum.
All other terms under this provision are not affected by this Addendum.
To the extent this Addendum shall be deemed inconsistent with any terms or conditions of this Agreement, the terms of this Agreement shall govern.
IN WITNESS WHEREOF, each of the undersigned hereby acknowledges having read this Addendum. understands and consents to be bound by all its terms.
                     
Questrade, Inc,       GAIN Capital Group, LLC    
 
                    
By:
  /s/ Edward Kholodenko       By:   /s/ Tom Levine    
Print Name: Edward Kholodenko       Name: Tom Levine    
Title: President & CEO       Title: Director    
Date: 7/23/07       Date: 7/2307