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”.

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.

Trading error means an Insured’s failure to follow instructions or directions from anotherInsured or customer by executing a trade or order unintentionally:

Examples of Trading error in a sentence

• Trading error A financial institution may inadvertently purchase a larger quantity of an investment than instructed by the client or execute a sale of fewer holdings than the client requested.

• As a result of improperly using the De Paola Trading error account, Mr. De Paola violated NYSE American Rule 933NY(f).

• In addition to these, MTD also provides other relevant information such as the collateral value and location (county), buyer status (first time buyer and second or subsequent buyer), property type, HTB status and associated relief.

• Gabriel, a pediatric neurologist, plus other material specified below.

• Trading error correction shall be carried out by VSD in the circumstances of mistakes/errors by APs in process of making orders, generating information, receiving, transferring and inputting orders of investors or APs themselves into the system in the following cases: wrong account number, excess of orders, mistaking selling order for buying order and vice versa, wrong quantity of fund certificates.

• The Permittee may operate the SI engines for the purpose of maintenance checks and readiness testing, provided that the tests are recommended by Federal, State, or local government, the manufacturer, the vendor, or the insurance company associated with the engine.

• 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.