Common use of Risk of Unlinked Markets Clause in Contracts

Risk of Unlinked Markets. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive a price in one extended hours trading system inferior to what you would in another extended hours trading system. • Risk of News Announcements - Normally, issuers make news announcements that may affect the price of their securities after regular trading hours. Similarly, important financial information is frequently announced outside of regular trading hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.

Risk of Unlinked Markets. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive a price in one extended hours trading system inferior to what you would in another extended hours trading system. • Risk of News Announcements - — Normally, issuers make news announcements that may affect the price of their securities after regular trading hours. Similarly, important financial information is frequently announced outside of regular trading hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.

Risk of Unlinked Markets. Depending on the extended hours trading Extended Hours Trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices in other concurrently operating extended hours trading Extended Hours Trading systems dealing in the same securities. Accordingly, you may receive a an inferior price in one extended hours trading Extended Hours Trading system inferior to what than you would in another extended hours trading Extended Hours Trading system. • ● Risk of News Announcements - Normally, issuers make news announcements and/or release material financial information that may affect the price of their securities after regular trading hours. Similarly, important financial information is frequently announced outside of regular trading hoursRegular Trading Hours. In extended hours tradingExtended Hours Trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may could temporarily cause an exaggerated and unsustainable effect on the price of a security.

Risk of Unlinked Markets. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive a an inferior price in one extended hours trading system inferior to what than you would in another extended hours trading system. • Risk of News Announcements - Announcements. Normally, issuers make news announcements that may affect the price of their securities after regular trading market hours. Similarly, important financial information is frequently announced outside of regular trading market hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.

Risk of Unlinked Markets. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you You may receive a an inferior price in one extended hours trading system inferior to what you than You would in another extended hours trading system. • Risk of News Announcements - Announcements. Normally, issuers make news announcements that may affect the price of their securities after regular trading hours. Similarly, important financial information is frequently announced outside of regular trading hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.

Risk of Unlinked Markets. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours hour trading system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive a an inferior price in one extended hours trading system inferior to what than you would in another extended hours trading system. • Risk of News Announcements - Announcements. Normally, issuers make news announcements that may affect the price of their securities after regular trading market hours. Similarly, important financial information is frequently announced outside of regular trading market hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.