SEC approves 'fat-finger' rules
WASHINGTON, DC - The Securities and Exchange Commission (SEC) last week approved new rules on mistaken stock trades on US exchanges. The US regulator said the new standards are focused on eliminating trades that deviate so much from market prices that they are considered "clearly erroneous".
The development provides a defence against so-called 'fat-finger' trades, by which market participants have suffered some disastrous losses - or near-misses - from simple clerical errors such as inserting a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Exchanges
Moscow Exchange expands Asia and Middle East presence with Avelacom
Co-operation with tech firm lets exchange improve PoP in London, reducing latency by five milliseconds
Crypto to look more like FX market in 2019, says B2C2
Over-the-counter tipped to gain in importance, but faces funding and credit constraints, says cryptocurrency market-maker
SGX snaps up 20% stake in BidFX
Exchange invests $25m in TradingScreen spinoff, expects to boost liquidity by adding OTC to FX futures
CBOE pulls plug on bitcoin futures trading
First mainstream exchange to offer bitcoin futures calls halt as it reviews approach to crypto
Independent Reserve joins OTCXN network
Australian crypto exchange joins to attract more institutional liquidity
CME to retire Nex, revives EBS as sub-brand
The deal between the two firms will go ahead after full regulatory approval in all jurisdictions
CME shifts FX options expirations in step with OTC
Latest move by exchange to make FX offering more harmonised and engaged with over-the-counter space
SGX’s Lam in bid to bring together two worlds
SGX set to launch FlexC FX Futures in August, with the aim of combining the best that OTC and futures have to offer
