Common use of Execution Risk Clause in Contracts

Execution Risk. 39.8.1 Circumstances may occur which will affect the clients’ ability to trade. AFS’ ability to generate prices and execute orders is dependent on the availability of prices and liquidity in the exchanges, markets and other venues from which AFS gathers market data. In addition, because AFS maintains its own financial stability by hedging with other counterparties, AFS may be unable to execute client orders where it cannot enter into a corresponding trade to hedge its own risk. Market circumstances may impact on the client’s ability to place an order or close a trade with AFS. Financial markets may fluctuate rapidly which affects the prices on the platform. Movements in AFS prices will have a direct real time effect on Client trades and accounts. 39.8.2 There is also a technical risk that, for example, system errors and outages, maintenance periods and internet connectivity issues prevent you from accessing the platform and being able to execute orders.

Execution Risk. 39.8.1 39.9.1. Circumstances may occur which will affect the clients’ ability to trade. AFSAFSUK’ ability to generate prices and execute orders is dependent on the availability of prices and liquidity in the exchanges, markets and other venues from which AFS AFSUK gathers market data. In addition, because AFS AFSUK maintains its own financial stability by hedging with other counterparties, AFS AFSUK may be unable to execute client orders where it cannot enter into a corresponding trade to hedge its own risk. Market circumstances may impact on the client’s ability to place an order or close a trade with AFS▇▇▇▇▇. Financial markets may fluctuate rapidly which affects the prices on the platform. Movements in AFS AFSUK prices will have a direct real time effect on Client trades and accounts. 39.8.2 39.9.2. There is also a technical risk that, for example, system errors and outages, maintenance periods and internet connectivity issues prevent you from accessing the platform and being able to execute orders.