An Important Notice About Orders Left Within The Market

Orders placed on the DealStation™ are considered as independent and are not linked to any particular open position(s) in the customer's account. All open orders are GTC (Good Till Cancelled) and the Deal Desk will execute these orders once triggered. OCO orders (One Cancels Other) are an exception in that if one side of the order is filled, the other side will be cancelled.

Orders can be used to either square (close) open trades or enter the market at various market prices. Should you decide to close your open trade(s) via market order(s), your open order(s) will still remain active until cancelled or executed by the dealing desk. Beware not to let these open orders become open trades if that is not your intention. You can cancel open orders by clicking on the order number and confirming that you wish to cancel these orders.

MG Financial is closed from Friday at 3:00 PM to Sunday at 5:00 PM NYT, however, the forex market is continually active due to the political and economic events that are happening 7 days a week. In fact, if there is a big news announcement while MG is closed, there is a chance that your stop or limit order may be triggered; and once the specified rate is hit, your stop or limit order will become an active market order. Your order may be filled during the time that MG is closed or at the time of opening. For this reason, it is advisable to settle your short-term positions prior to weekends and holidays.

If you are experiencing any technical difficulties such as net congestion and are uncertain as to the status of your orders of your positions, please contact the Dealing Desk immediately at 1-212-835-0104(5). Should a situation like this arise, we suggest that you do not attempt to adjust your positions through the online platform since any order(s) you cancel will no longer be the responsibility of the Dealing Desk to fill.

Notice on the execution of stop orders.

According to the US Commodity Futures Trading Commission (CFTC) definition, a Stop Order is an order that becomes a Market Order when a particular price level is reached. A Market Order is an order to buy or sell at whatever price is obtainable. A best effort is made to execute stop orders at the price specified by our customers. In cases where the specified price is not obtainable, orders will be executed at the next available price.

Please note that the same principles of stop order execution apply to trading in other financial markets, such as equities and futures markets. According to the US Securities and Exchange Commission, "once your stop price is reached, your stop order becomes a market order and the price you receive may be much different from the stop price, especially in a fast-moving market where stock prices can change rapidly".