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Trading Information

Technology has brought unprecedented power to the individual investor. With that power comes the potential for significant financial gain or loss, the latter of which can be heightened for the uninformed investor. It is the online investor’s responsibility to ensure they have an understanding of the markets, trading, and how their online account functions.

Possible Transaction Delays
High trading volume, in conjunction with market volatility due to economic, geopolitical and company specific or industry news, may delay the execution of your transaction and increase the likelihood that your stock transaction may be completed at a time and price different from when you placed your order. By monitoring and keeping informed of high volume and volatile market conditions, you can attempt to manage risk by keeping price swings in mind when buying or selling stock.

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Network and System Congestion
When placing an order using your computer, the information travels over telecommunications networks from your Internet service provider through various channels to M&T Securities, Inc. Brokerage Services, where your order may be held and reviewed. Your order is then routed to the appropriate trading destination for execution. Upon order execution, the trade report is delivered to you. There may be times when network access becomes congested and slows the delivery of this information.

At M&T Securities, our goal is to provide fast and reliable service, although there may be times when systems may be subject to congestion or failure. High Internet traffic may also significantly slow response times. Please feel free to contact M&T Securities, Inc. Brokerage Services at 1-800-724-7788, 8:30 a.m. to 5:00 p.m. EST for any trading account needs.

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Trade Confirmations and Delays
When the market is experiencing heavy volume, you may not receive trade confirmations immediately. If you have a question about the status of an order placed with M&T Web Trading, you should check the "Order Status" page within M&T Web Trading for updates.

If you have placed an order online and did not receive a trade confirmation, do not assume the order was not completed. Past experience has shown that waiting for a trade confirmation rather than reentering trade information, will prevent duplicate orders from being placed.  Remember, that you are financially responsible for all executed transactions.

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Types of Orders
To trade wisely in a volatile market it is helpful to be well educated on the types of trade orders that are available to you. Stock prices can be extremely volatile, especially technology stocks. By understanding the various trade orders available, you can limit your risk of exposure to market volatility. For example, you can make use of limit orders to prevent unexpected price execution. Limit orders do not guarantee an execution, but may help prevent unexpected price executions (more fully described below).

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Types of Orders You Can Place Online
Markets and stock prices can be extremely volatile. It is in an investor’s best interest to be well educated on the types of orders available to limit your risk of exposure to market volatility.

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Margin Accounts
If you request margin trading you must apply for and meet the appropriate credit requirements to be eligible. You then must indicate your understanding and acceptance of all the terms of the loan(s) made to you. This includes responsibility to monitor your account regularly and maintain your account at or above the minimum equity requirements.

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Placing Orders When Markets Are Closed
Orders may be placed when markets are closed; however, these orders will not be eligible for execution until the next regular trading session.

  • Equity orders placed online at or near the regular trading session’s close (between 3:45 p.m. and 4:00 p.m. EST) may be held until trading resumes. You should not assume that these orders have been cancelled. Be sure to review the "Order Status" page.

Orders placed between the close of trading one day and the open of trading the next are queued for execution during the next regular trading session. Your order may or may not be the first order executed when the market opens, and it may not receive the opening price. It is important to remember that the opening price does not necessarily correspond with the closing price from the previous session.

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Helpful Links
The following Web sites provide additional information about trading online and the Internet that may help you more clearly understand online trading and the associated risks.

U.S. Securities and Exchange Commission (SEC) Investor Education Website

Financial Industry Regulatory Authority (FINRA) Investor Information Site

The information provided here is for general information purposes only and should not be considered an individualized recommendation or personalized investment advice.

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Investment and Insurance Products: • Are NOT Deposits • Are NOT FDIC-Insured • Are NOT Insured
By Any Federal Government Agency • Have NO Bank Guarantee • May Go Down In Value

Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank.
 
M&T Securities, Inc. is licensed as an insurance agent and acts as agent for insurers. Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states.
 
The content of this page is for informational purposes only and is not intended to offer any tax, legal or financial advice. Please consult with the professionals of your choice to discuss your situation.
 
 
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