Mistrade definition

Mistrade means a Transaction which has been executed (i) at a price that is substantially different from, or inconsistent with, the market price of that Admitted Contract at the time of execution, (ii) on terms that would, in Thalex’s reasonable view, be entered or calculated in error in the circumstances or would otherwise be detrimental to market integrity on the Platform, and/or (iii) as a result of a disruption, malfunction or technical failure of the Platform;
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Examples of Mistrade in a sentence

  • Mistrade regulation If, due to a technical malfunction or user error, the trading partner of the Firm or a third party provider has mistakenly based the transaction on a price which deviates substantially from the fair market price – the reference price – at the time that the transaction is effected (mistrade), the trading partner or third party provider may have a right of withdrawal/cancellation vis-à-vis the Firm.

  • Mistrade regulation If, due to a technical malfunction or user error, the trading partner of the Firm or a third-party provider has mistakenly based the transaction on a price which deviates substantially from the fair market price – the reference price – at the time that the transaction is effected (mistrade), the trading partner or third party provider may have a right of withdrawal/cancellation vis-à-vis the Firm.