Opening a new account

Important Information about Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each prospective client. When opening an account, CRT will request from each prospective client certain identifying information such as the customer's name and address and may request copies of identifying documents such as a corporate resolution, an operating agreement or a trading authorization.

CRT may not be able to establish an account or continue to carry out transactions for a counterparty that does not supply such information or cannot sufficiently verify its identity.

Business Continuity Plan Disclosures

Click here to view.

Payment for Order Flow Disclosures

CRT does not receive remuneration from the broker-dealer or market center through which a customer transaction may be executed.

Order Execution Disclosures

Please click here to read our Order Execution Disclosures.

Order Routing Disclosures

Please click here to read our Order Routing Disclosures. 

Extended Hours Trading

Customers should note the following risks in connection with trading outside of regular market hours:

1. Risk of Lower Liquidity. Liquidity refers to the ability of market participants to buy and sell securities. Generally, the more orders that are available in a market, the greater the liquidity. Liquidity is important because with greater liquidity it is easier for investors to buy or sell securities, and as a result, investors are more likely to pay or receive a competitive price for securities purchased or sold. There may be lower liquidity in extended hours trading as compared to regular market hours. As a result, your order may only be partially executed, or not at all.
2. Risk of Higher Volatility. Volatility refers to the changes in price that securities undergo when trading. Generally, the higher the volatility of a security, the greater its price swings. There may be greater volatility in extended hours trading than in regular market hours. As a result, your order may only be partially executed, or not at all, or you may receive an inferior price in extended hours trading than you would during regular markets hours.
3. Risk of Changing Prices. The prices of securities traded in extended hours trading may not reflect the prices either at the end of regular market hours, or upon the opening of the next morning. As a result, you may receive an inferior price in extended hours trading than you would during regular market hours.
4. Risk of Unlinked Markets. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive an inferior price in one extended hours trading system than you would in another extended hours trading system.
5. Risk of News Announcements. Normally, issuers make news announcements that may affect the price of their securities after regular market hours. Similarly, important financial information is frequently announced outside of regular market hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.
6. Risk of Wider Spreads. The spread refers to the difference in price between what you can buy a security for and what you can sell it for. Lower liquidity and higher volatility in extended hours trading may result in wider than normal spreads for a particular security.
7. Risk of Lack of Calculation or Dissemination of Underlying Index Value or Intraday Indicative Value ("IIV"). For certain Derivative Securities Products, an updated underlying index value or IIV may not be calculated or publicly disseminated in extended trading hours. Since the underlying index value and IIV are not calculated or widely disseminated during the pre-market and post-market sessions an investor who is unable to calculate implied values for certain Derivative Securities Products in those sessions may be at a disadvantage to market professionals.

FINRA BrokerCheck System

FINRA'S BrokerCheck System, formerly known as FINRA's public disclosure program, allows investors to learn about the professional background, business practices and conduct of FINRA member firms or their brokers. BrokerCheck is accessible via FINRA's website at www.finra.org and through the BrokerCheck hotline at 1-800-289-9999. An investor brochure is also available upon request..

Email Disclosure

Please read the following carefully as it contains the conditions governing any electronic communications between you and CRT Capital Group LLC or its affiliates (collectively, "CRT"). By corresponding with CRT you agree to these terms and conditions of use. CRT may amend these terms and conditions at any time without notice. You should check this webpage from time to time to review the current terms and conditions because they are binding on you.

Any correspondence relating to regulated securities products or services will be deemed to be sent by, addressed to, or related to the activities of CRT Capital Group LLC, a registered broker-dealer. Any correspondence relating to trade claims will be deemed to be sent by, addressed to, or related to the activities of CRT Special Investments LLC, an affiliate of CRT Capital Group LLC.

Unless otherwise specifically indicated, the contents of any electronic communication (including e-mail, instant message, text messaging, etc.) and its attachments are for informational purposes only, and should not be regarded as an offer to sell or a solicitation of an offer to buy any securities, futures, options, loans, investment products or other financial product or service, an official confirmation of any transaction, an official valuation, or an official statement of CRT. Attachments that are part of an electronic communication may have additional important disclosures and disclaimers, which you should read.

CRT and/or its officers and employees may from time to time acquire, hold, or sell a position in the securities mentioned herein. Upon request, CRT will furnish specific information in this regard. If CRT is involved in the purchase or sale of any security, CRT may act as principal for its own account or as agent for the buyer and/or the seller.

Electronic communications may contain privileged or confidential information, or may otherwise be protected by work product immunity or other legal rules. No confidentiality or privilege is waived or lost by any mis-transmission. Access, copying or re-use of information by non-intended or non-authorized recipients is prohibited. If you are not an intended recipient of an electronic communication, please notify the sender, delete it and do not read, act upon, print, disclose, copy, retain or redistribute any portion of such electronic communication. Electronic communications are not intended for distribution to, or use by, any person or entity in any location where such distribution or use would be contrary to law or regulation, or which would subject any CRT affiliate to any registration requirement within such location. CRT does not waive any intellectual property rights in any electronic communication.

CRT cannot provide absolute assurances that all electronic transmissions (sent or received) are secure, error free, not corrupted, incomplete or virus free and/or that they won't be lost, mis-delivered, destroyed, delayed, or intercepted/decrypted by others. Therefore, CRT advises against sending sensitive or personally identifiable information via electronic communications and disclaims all liability with regard to electronic communications (and the contents therein) if they are corrupted, lost, destroyed, delayed, incomplete, mis-delivered, intercepted, decrypted or otherwise misappropriated by others.

Information contained in any electronic communication has been obtained from sources which CRT believes to be reliable. However, CRT does not guarantee its accuracy, and such information may be incomplete or condensed. Unless otherwise indicated, the views expressed are the author's and may differ from those of others within CRT. The information represents a view as of the date of the electronic communication and is subject to change and/or withdrawal at any time without notice.