The foreign exchange market, at times, exhibits extreme price volatility, a condition known as a "fast market". Fast market conditions may be caused by various factors including, but not limited to, news releases such as non-farm payroll data, order imbalances significantly greater of one type (e.g., "buy") than another type (e.g., "sell")

During the extreme price volatility in fast markets, currency pair prices will "gap" and spreads widen. A price gap occurs when the price of a currency pair either jumps or plummets from its last bid/offer quote to a new quote, without ever trading at prices in between those quotes. As an example, the Euro/US Dollar currency pair may move from a bid/ask of 1.1891 – 1.1901 and begin trading at 1.1941 – 1.1951, without ever trading at the prices between those quotes.

The standard industry practice for currency dealers, including dealers on the inter-bank market, during fast market conditions and price gaps, is to set market levels and execute orders manually without the use of automated systems or services. The process during fast markets is typically:

	Initially, major money center banks and other online price providers halt all direct dealing and their pricing engines are suspended,
	Currency dealers analyze event and determine the correct price,
	Prices enter market 20-30 pips wide or more,
	Spreads in market widen as more currency dealers enter the market

In such an event, there may be a delay in trade execution, which may be significant, while rates are cross-referenced to ensure valid execution. Further, stops placed close to a market that has traded through the stop price are re-priced on the next best tradable price. Thereby, a specified rate order does not provide a fixed-price guarantee to the counterparty.

FDC, like all currency dealers, is a "request for quote" dealer, and follows industry standards for fast market conditions. FDC transacts the one of the largest spot volume with its counterpart banks of any designated dealer. However, FDC clients that elect to trade during fast market conditions are responsible for losses incurred in their trading account. These responsibilities are the same responsibilities that FDC has with its inter-bank counter parties during normal and fast market conditions. FDC will not be held liable for any losses due to fast or volatile markets, electronic disruption in service, service delays, incorrect information received from service vendors (i.e., quotations, news services) and/or customers (i.e., client profile data, updated data).