6 unchanged sentences
The United States now has the world’s most reported COVID-19 cases, and all 50 states and the District of Columbia have reported cases of infected individuals.
−Removed: Several states, including New York, where we are headquartered, have declared states of emergency.
Similar impacts have been experienced in every country in which we do business.
−Removed: The Company will continue to monitor the impact of COVID-19, but at the date of this report it is too early to determine the full impact this virus may have on the global financial markets and the overall economy.
+Added: The full impact this virus may have on the global financial markets and the overall economy is not currently known.
Impacts to our business could be widespread and global, and material impacts may be possible, including the following:
• Employees, including our senior executives, contracting COVID-19;
−Removed: Reductions in our operating effectiveness or efficiency as a significant number of our employees currently work from home and certain travel is subject to governmental restriction;
+Added: • Reductions in our operating effectiveness or efficiency as a significant number of our employees currently work from home and potential disruptions or adverse impacts as and when we implement a return to work policy for certain employees;
• Unprecedented volatility in global financial markets, which may increase the risk or potential magnitude of operational errors;
8 unchanged sentences
Any one or more of these developments could have a material adverse effect on our and our consolidated subsidiaries' business, operations, consolidated financial condition, and consolidated results of operations.
−Removed: Significant market volatility relating to the outbreak of the novel coronavirus (COVID-19) could significantly increase our liquidity needs, which could impact our business, financial condition and results of operations if we face challenges in obtaining liquidity.
+Added: Significant market volatility relating to the outbreak of the novel coronavirus (COVID-19) has significantly increased and could in the future significantly increase our liquidity needs, which could impact our business, financial condition and results of operations if we face challenges in obtaining liquidity.
The COVID-19 pandemic and governmental and other responses thereto has caused and may continue to cause substantially elevated volume and volatility, which has and may continue to result in material increases in our trading activities both in our market making segment and in our execution services segment.
4 unchanged sentences
In response to the effects of the outbreak of the novel coronavirus (COVID-19) and in accordance with applicable governmental orders and the guidelines of the Center for Disease Control (CDC), we have implemented our business continuity plan (BCP), which may disrupt or negatively impact our business.
−Removed: As of March 31, 2020, under our BCP a significant majority of our global work force was working remotely, which may increase various risks to our business.
+Added: As of June 30, 2020, under our BCP a significant majority of our global work force was working remotely, which may increase various risks to our business.
These include the risks associated with a computer systems and software failure, cyber risks, capacity constraints, malfunctions and delays.
Risks associated with trading operations, financial reporting, internal controls and other key functions and responsibilities may also be elevated, as employees rely on critical technologies to communicate and collaborate and perform core functions remotely.
−Removed: The risk of further disruption or adverse impact may also be heightened as and when governmental orders are lifted or relaxed and we begin to reintegrate our personnel and business into our office locations.
+Added: The risk of further disruption or adverse impact may also be heightened as and when governmental orders are lifted or relaxed and we begin to reintegrate our personnel and business into our office locations pursuant to our return to office policy.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.