Disclosures
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Extreme Market Conditions Disclosure

Extreme Market Conditions may arise from time to time, which can significantly impact the trading environment and may lead to unusual volatility, liquidity shortages, or disruptions in the market. These conditions may occur due to, but not limited to, the following:

  1. Market Volatility: Significant price fluctuations in asset values or market indices, which may result in rapid and large movement in prices.
  2. Liquidity Shortages: Difficulty in executing orders due to a lack of buyers or sellers in the market, which may lead to delayed execution or higher-than-usual bid-ask spreads.
  3. Event-Driven Factors: Unforeseen events such as natural disasters, geopolitical tensions, economic announcements, or regulatory changes that cause sudden shifts in the market.
  4. Systematic Risk: Broad market disruptions, including exchanges or trading platforms experiencing outages or other technological issues.
HilltopSecurities may take additional and atypical steps to fill fixed income orders during extreme market conditions and depending on facts and circumstances, notably client needs, may execute client orders with fewer quotes and or wider spreads in prices. It is important to consult with your financial representative to gain a better understanding of the current market conditions, as they may vary depending on the environment and will likely change rapidly.

 

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