NatWest Markets Securities Inc.

Statement of Financial Condition 30 June 2026 (PDF)

Statement of Financial Condition 31 December 2025 (PDF)

Statement of Financial Condition 30 June 2025 (PDF)

Statement of Financial Condition 31 December 2024 (PDF)

Statement of Financial Condition 30 June 2024 (PDF)

Statement of Financial Condition 31 December 2023 (PDF)

Statement of Financial Condition 30 June 2023 (PDF)

Statement of Financial Condition 31 December 2022 (PDF)

Statement of Financial Condition 30 June 2022 (PDF)

Statement of Financial Condition 31 December 2021 (PDF)

Statement of Financial Condition 30 June 2021 (PDF)

Statement of Financial Condition 31 December 2020 (PDF)

Statement of Financial Condition 30 June 2020 (PDF)

Statement of Financial Condition 31 December 2019 (PDF)

Statement of Financial Condition 30 June 2019 (PDF)

Statement of Financial Condition 31 December 2018 (PDF)

Statement of Financial Condition 30 June 2018 (PDF)

Statement of Financial Condition 31 December 2017 (PDF)

Statement of Financial Condition 30 June 2017 (PDF)

Statement of Financial Condition 31 December 2016 (PDF)

Statement of Financial Condition 30 June 2016 (PDF)

Statement of Financial Condition 31 December 2015 (PDF)

Risk mitigation and Pre-hedging

Where you place an order with NatWest Markets, NatWest Markets may need to determine pricing by obtaining liquidity internally from a NatWest Markets trading desk or by entering into one or more transactions with third parties prior to or alongside executing your order. In addition, NatWest Markets actively manages the risks associated with potential transactions (including market, liquidity and credit risks) in accordance with its internal risk management policies. Risk mitigation or risk management is concerned with the reduction in the extent of exposure to a risk and/or the likelihood of its occurrence. Pre-hedging is the practice of managing the risk associated with one or more anticipated counterparty transactions.

The information used by us for the purposes of pre-hedging may include, but is not limited to, your indicative interest in a potential transaction, requests for a quote or order details. We may use such information and engage in pre-hedging activity by dealing as principal with a view to facilitating a potential transaction and may execute portfolio risk management transactions, other counterparty transactions or other risk management activities ahead of your transaction, and any profit or loss from such trading will accrue to NatWest Markets.

Pre-hedging transactions may be executed before – including, without limitation, immediately prior to the pricing or execution of - any directly or indirectly related transactions entered into with you, at a price that is different from, and more or less favourable than, the price at which we transact with you. While pre- hedging activity is not designed or intended to disadvantage you, such pre-hedging activity may negatively impact market price or liquidity and could adversely affect your transaction with us or with others with whom you trade. The impact of pre-hedging may vary from one transaction to the next or by type of transaction or execution strategy. This disclosure is not meant as a statement that NatWest Markets will or will not engage in any pre-hedging activity nor does it describe how pre-hedging activity may impact any specific transaction or market. We may choose to leave a position unhedged or partially hedged.

Accessing liquidity or risk mitigation (including pre-hedging) may require, among other things, the sharing of terms relating to your order internally or externally in order to establish the price of a transaction or for the purposes of managing the risk of that transaction. NatWest Markets limits such use and disclosure in a manner consistent with applicable law.

For information on our US broker-dealer:

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Filing receipt of certificate of amendment (PDF)

NatWest Markets Business Continuity Statement (PDF)

For more information related to our Futures commission merchant status, click here.