Erroneous Trades Policy in Works
Traders Magazine, December 2008
As Traders Magazine was going to press, a working group of exchange and ECN officials was trying to hammer out a uniform policy covering trades entered into by mistake or executed at the wrong price. The effort was made necessary by a deluge of criticism from broker-dealers-the working group's customers-over their handling of "clearly erroneous trades" during the turbulent market period of late September.
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