Examples of Error Trade in a sentence
Under these circumstances, the Exchange’s Error Trade Policy shall be invoked to minimize the impact of such error trades to the market.
The Error Trade Policy grants ultimate authority to the Exchange to adjust trade prices or cancel trades where, in its absolute and sole discretion, the Exchange believes such action is necessary to mitigate market-disrupting events caused by the improper or erroneous use of the Electronic Trading System or by system defects.
MGEX Rules 3.3.1. through 3.3.8. collectively form MGEX’s Error Trade Policy (“Error Trade Policy”) and shall be applied to balance the adverse effects on market integrity of executing trades and publishing trade information inconsistent with prevailing market conditions while preserving legitimate expectations of trade certainty by market participants.
For notifications received after such date, BSEF shall have discretion as to whether to review the request to cancel, correct, adjust or offset the Alleged Error Trade.
Administration and enforcement of the Error Trade Policy shall be facilitated by the Exchange, or by a designee selected by the Exchange, for MGEX products that are traded on the Electronic Trading System.
Any cancellation or adjustment made pursuant to this Rule 516.C shall be made no later than three Business Days after the Error Trade was discovered.RULE 516.D Prime Broker Trades (a) A Participant that is a Counterparty to a Prime Broker Trade may request the cancellation of a Prime Broker Trade by sending a cancellation message to BSEF.
Any cancellation or adjustment made pursuant to this Rule 516.C shall be made no later than three Business Days after the Error Trade was discovered.
Such ex post facto review will include a review of the electronic audit trail of the Alleged Error Trade, as well as other facts and circumstances associated with the Alleged Error Trade.
Notwithstanding the foregoing, any arbitration under the Error Trade Policy between any Person and any Eligible Participant shall be administered by NYMEX under its arbitration policies and procedures.
The ISO/IEC 19795-1:2006 [15] also provides the guidelines on evaluation protocols, data collection procedures, plotting of Receiver Operating Characteristics curve (ROC) and Detec- tion Error Trade off (DET) curves.