Fast market policy

At Templer, we strive to provide the best execution available via leading market liquidity providers. However, like all financial markets, the FX market can experience extreme volatility or high trading volumes, leading to conditions known as a "fast market".

What is a Fast Market?

Fast market conditions occur when market prices change rapidly due to:

• Major economic data releases
• Breaking financial or geopolitical news
• National holidays or low liquidity periods
• Order imbalances (e.g., significantly more buyers than sellers)
• Weekend gaps as the market reopens

Effects of a Fast Market

During extreme price volatility, currency pairs may experience:

• Price gaps: When the price jumps from one level to another without trading at intermediate prices.
• Widened spreads: The difference between bid and ask prices increases.
• Order execution delays: Manual intervention may be required to validate execution.

Industry Standard Practice

During fast market conditions, currency dealers, banks, and ECNs follow these steps:

1. Major banks suspend direct dealing and pricing engines.
2. Dealers assess market conditions and determine fair pricing.
3. Market prices re-enter with wider spreads (e.g., 20-30 pips or more).
4. Liquidity improves as more dealers rejoin the market.

Order Execution in Fast Markets

During these conditions:

• Pending orders may experience execution delays.
• Stop-loss orders may be filled at the next best available price, which might differ from the requested price.
• Market execution remains the primary method of trade fulfillment.

Responsibilities of Traders

Clients who choose to trade during fast market conditions are responsible for any losses incurred. Templer is not liable for:

• Losses due to market volatility
• Electronic service disruptions or delays
• Incorrect information from third-party service vendors

Placing Orders in Fast Markets

To navigate fast markets safely, we recommend the following:

• Ensure your account has sufficient funds before placing trades.
• Be prepared for execution prices to differ from quoted prices.
• Use limit orders to protect against extreme price fluctuations.
• Understand that no pending orders (including SL and TP) will be processed during a "trading halt" period.
• All BUY pending orders triggered during a trading halt execute at the highest ASK price.
• All SELL pending orders execute at the lowest BID price.

Risk Management

Templer employs an automated risk management system to ensure that a client’s balance does not fall below their initial deposit. This means clients cannot lose more than their initial investment.

Order Confirmation & Discrepancies

If you experience delays in order execution:

• Do not place the same order again.
• Contact our support team for a status check.
• Have the following details ready for any disputes:
  • Account Number
  • Order Ticket ID
  • Currency Pair
  • Trade Size
  • Execution Price
  • Time of Order

Final Disclaimer

Templer is not responsible for losses caused by market volatility, execution delays, or third-party data inaccuracies. By trading during fast markets, clients acknowledge and accept these risks.