OANDA Securities, a subsidiary of global online broker OANDA Corporation, has issued an important notice about the upcoming Jackson Hole Economic Symposium, which will be held from Thursday, August 22 through Saturday, August 24.

This annual event, which attracts significant attention from financial markets around the world, is known for influential speeches and discussions by key central bank officials from major economies.

One of the most anticipated highlights of the symposium will be Federal Reserve Chairman Jerome Powell's speech, scheduled for Friday, August 23 at 23:00 GMT. Powell's comments, as well as those of other central bank governors, are expected to have a significant impact on global financial markets, especially currency and stock markets.

OANDA Securities has warned its clients of the potential for rapid market movements before and after these key speeches. The broker warns that there could be significant fluctuations in exchange rates and market prices, leading to wider spreads and increased volatility. Traders should be aware that these conditions can lead to slippage when the order execution price differs from the implied order price.

In addition, OANDA Securities notes that depending on market conditions, there may be delays in order execution and in some cases trades may not be executed at all. This heightened risk environment emphasizes the importance of prudent trading and position management during the symposium.

OANDA Securities advises all traders to exercise caution when dealing in the markets during this period and to remain vigilant about their open positions. The company emphasizes that these potential market disruptions are beyond their control and traders should be prepared for unexpected price movements and execution problems.

The Jackson Hole Economic Symposium is a key event for global financial markets and OANDA Securities' recommendations emphasize the need for traders to remain informed and cautious during this critical time.