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Distributed Network

A distributed network is a type of network that is made up of multiple nodes, or points of presence, that are distributed across a geographic area or region. Distributed networks are designed to be resilient and redundant, as they do not rely on a single point of failure and can continue to operate even if one or more nodes fail.

Distributed networks are used in a variety of applications, including data storage, communication, and computation. They are often used to create decentralized systems and applications, as they allow for the creation of networks that are not controlled by a single central authority.

One of the most well-known distributed networks is the blockchain, which is a decentralized and distributed ledger that is used to record and verify transactions in a secure and transparent manner. The blockchain is made up of a network of computers that work together to maintain a continuously growing list of records, called blocks, which are linked and secured using cryptographic techniques.

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Conditional orders have increased risk due to their reliance on trigger processing, market data, and other internal and external systems like an exchange. Such orders are not sent to the market until specified conditions are met. During that time, system outages with downstream technologies or exchanges may occur. Furthermore, exchanges may impose controls on conditional orders to limit erroneous trades triggering downstream orders. HyperTrader or its subsidiaries may not always be aware of such changes to external controls immediately, leading to some conditional orders not being executed. As such, you need to monitor your conditional orders for reasonability. Conditional orders are “Not Held” orders whose execution instructions are on a best-efforts basis upon being triggered.

Furthermore, conditional orders may be subject to the increased risks of stop orders and market orders outlined above. Given the increased potential risk of using conditional orders, you agree that HyperTrader and its subsidiaries cannot be held responsible for losses, damages, or missed opportunity costs associated with market data problems, systems issues, and user errors, among other factors. By using conditional orders, you understand and accept the risks outlined above.

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