Free Site Registration

Erroneous Trades Policy in Works

Traders Magazine, December 2008

Peter Chapman

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.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?