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- Manuals
- 1
- Languages
- EN
- Last added
- 2023-10-26
Featured NASDAQ Futures, Inc. manuals
NASDAQ Futures, Inc. Error Trade Reference Guide
This document serves as a proprietary reference guide for NASDAQ Futures, Inc. (NFX) regarding its Error Trade policy. It outlines the mechanisms to address transactions executed at prices substantially inconsistent with fair value, aiming to preserve market integrity while balancing trade certainty.
The guide specifies strict protocols for notifying the exchange of potential errors, typically within ten minutes of execution. It details the criteria for cancelling trades, including those outside a 'non-reviewable range' or resulting from system malfunctions, and describes the procedures for adjusting prices or cancelling contingency orders triggered by such errors.
Covers: Introduction · NFX Contact Information · Trades Within Non-Reviewable Range · Trades Outside the Non-Reviewable Range · Notification of Error · Exchange Action
Latest NASDAQ Futures, Inc. manuals
NASDAQ Futures, Inc. Error Trade Reference Guide
Other 7 pages · 140 KB · ENOfficial reference guide detailing the procedures for identifying, reviewing, and cancelling erroneous trades on the NASDAQ Futures Exchange.
Questions answered in NASDAQ Futures, Inc. manuals
What is the timeframe for notifying the exchange of an error trade?
Any request to invoke the error trade policy must be made as soon as possible, or at the latest, ten (10) minutes after trade execution.
Under what conditions will a trade be cancelled?
Trades executed outside the non-reviewable range and reported within the ten-minute timeframe will be cancelled.