Trading error definition

Trading error means the negligent failure of an insured providing “financial services” which are covered under the terms of this policy, to follow a “client’s” specific instructions, in a commercially reasonable manner and within a commercially reasonable time, with regard to the investment, reinvestment or disposition of the “client’s” money or “securities”.
Sample 1Sample 2Sample 3
Trading error means the failure to buy or sell “securities”, otherwise covered under this policy, as specifically requested by a “client” or intended by an insured leading to losses for that “client”. For example, and not by way of limitation, the failure to purchase 100 shares of an appreciating stock, as requested by a “client”, might result in losses for the “client” and a valid “trading error” “written claim” by the “client”. However, the erroneous purchase of 1000 shares of that stock, instead of 100, would not result in losses to the “client” and hence would not constitute a “trading error” claim covered by this policy; the “client” received, and should be charged for, the 100 shares requested; the balance should be paid for by the insured and go into its inventory to be kept or disposed of as the insured wished.
Sample 1Sample 2Sample 3
Trading error means an Insured’s failure to follow instructions or directions from anotherInsured or customer by executing a trade or order unintentionally:
Sample 1

Examples of Trading error in a sentence

  • Following legal advice, the GSMG recognised that it may be undesirable to set a cut-off timescale on the basis that this may compromise the ability of the TDC/ Panel to reach a valid determination and may also restrict the amount of time available to correct any Trading error identified.

  • Following initial legal advice, the GSMG recognised that it may be undesirable to set a cut-off timescale on the basis that this may compromise the ability of the TDC to reach a valid determination and may also restrict the amount of time required to correct the Trading error.

  • Trading error amendment of the member shall comply with procedure on error amendment as issued by Vietnam Securities Depository.

Related to Trading error

  • Trading Disruption means any suspension of or limitation imposed on trading by the Exchange or Related Exchange or otherwise and whether by reason of movements in price exceeding limits permitted by the Exchange or Related Exchange or otherwise (i) relating to the Share on the Exchange or (ii) in futures or options contracts relating to the Share on any Related Exchange.

  • trading book means all positions in financial instruments and commodities held by an institution either with trading intent or in order to hedge positions held with trading intent;

  • Trading Cushion means the mandatory minimum fifteen (15) Trading Days between Put Dates.

  • Trading Access means the right granted to a Person to send RFQs or place Orders and/or enter into transactions for certain or all Swaps to the SEF Platform or execute Swaps subject to the BSEF Rules.

  • Trading means and includes subscribing, buying, selling, dealing, or agreeing to subscribe, buy, sell, deal in any securities, and "trade" shall be construed accordingly.

  • Trading Date means the closing of the first sale to the general public of the Shares pursuant to a registration statement filed with and declared effective by the U.S. Securities and Exchange Commission under the Securities Act.

  • Trading Member means a Person who has been approved by Nadex to trade directly and not through a FCM Member on the Market, and does not include any FCM Member.

  • Margin Trading means Leverage trading when the Client may make Transactions having less funds on the Client Account in comparison with the Transaction Size.

  • Trading System means the Company’s electronic trade execution system that is used for the trading of Swaps, including the associated hardware, software, systems and communications links.

  • Event Market Price means, with respect to any Stock Combination Event Date, the quotient determined by dividing (x) the sum of the VWAP of the Common Stock for each of the five (5) Trading Days with the lowest VWAP of the Common Stock during the fifteen (15) consecutive Trading Day period ending and including the Trading Day immediately preceding the sixteenth (16th) Trading Day after such Stock Combination Event Date, divided by (y) five (5).

  • Trading Compliance Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Trading Volume means the volume of shares of the Company's Common Stock that trade between 9:30 AM and 4:00 PM, New York City Time, on any Business Day, and shall expressly exclude any shares trading during "after hours" trading.

  • Suspicious transaction means a “transaction” as defined below, including an attempted transaction, whether or not made in cash, which, to a person acting in good faith:

  • Major Trading Area or "MTA" means Major Trading Area as defined by the FCC in 47 C.F.R. Part 24.202.

  • Trading Rules means the Rules and Regulations of the Exchange prescribed by the Stock Exchange from time to time; and

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • Exchange Disruption means any event (other than an Early Closure) that disrupts or impairs (as determined by the Determination Agent) the ability of market participants in general (i) to effect transactions in, or obtain market values for the Shares on the Exchange or (ii) to effect transactions in, or obtain market values for, futures or options contracts relating to the Share on any Related Exchange.

  • Trading Partner means any external computer interoperating with a Licensed Component through one or more protocols, one or more networks, or one or more adapters;

  • Trading Session means a trading session on a day which the applicable Stock Exchange is open for trading;

  • Exchange Message Record or "EMR" is the standard used for exchange of telecommunications message information between telecommunications providers for billable, non-billable, sample, settlement and study data. EMR format is contained in BR-010-200-010 XXXX Exchange Message Record, a Telcordia document that defines industry standards for exchange message records. "Exchange Service" or "Extended Area Service (EAS)/Local Traffic" means traffic that is originated and terminated within the Local Calling Area as determined by the Commission.

  • Trading Plan The meaning specified in Section 12.2(c).

  • Optimal Adjustment Event With respect to any Class of Class B Certificates and any Distribution Date, an Optimal Adjustment Event will occur with respect to such Class if: (i) the Principal Balance of such Class on the Determination Date succeeding such Distribution Date would have been reduced to zero (regardless of whether such Principal Balance was reduced to zero as a result of principal distribution or the allocation of Realized Losses) and (ii) (a) the Principal Balance of any Class of Class A Certificates would be subject to further reduction as a result of the third or fifth sentences of the definition of Principal Balance or (b) the Principal Balance of a Class of Class B Certificates with a lower numerical designation would be reduced with respect to such Distribution Date as a result of the application of clause (ii) of the definition of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance or Class B-6 Principal Balance.

  • Trading Period has the meaning set out in the TSC;

  • Potential Adjustment Event means any of the following:

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.