Authorization letter to Deutsche Bank Alex. Brown for executing equity securities orders outside normal trading hours. The letter outlines the risks associated with such trading, including lower liquidity, higher volatility, changing prices, unlinked markets, news announcements, wider spreads, and lack of calculation or dissemination of underlying index values. It also specifies restrictions applicable to trading securities governed by ARCA.
doj/DataSet10/EFTA01454019.pdf
{"title":"Authorization for Trading Outside Normal Business Hours","document_type":"correspondence","document_subtype":"authorization letter","key_organizations":["Deutsche Bank Alex. Brown"],"reference_numbers":["DB-SDNY-0111917","SDNY_GM_00258101","EFTA01454019"]}