7.6 Cancelled Trades

    If a trade is cancelled, a subsequent trade on any marketplace which was:

    1. executed as a result of the price of the cancelled trade; or
    2. permitted only as a result of the price of the cancelled trade, 

    shall stand unless cancelled by the consent of the buyer and the seller or by a Market Integrity Official who is of the opinion that the cancellation of the subsequent trade is appropriate under the circumstances.

    Defined Terms:

    UMIR section 1.1 – “Market Integrity Official” and “marketplace”

    UMIR section 1.2(2) – “trade” 

    Related Provision:

    UMIR section 7.11

    There are no related Guidance/Notice documents available for this Rule.
    There is no history log for this rule.
    Part 1 - Definitions and Interpretation
    Part 2 - Abusive Trading
    Part 3 - Short Selling
    Part 4 - Frontrunning
    Part 5 - Best Execution Obligation
    Part 6 - Order Entry and Exposure
    Part 7 - Trading in a Marketplace
    Part 8 - Principal Trading
    Part 9 - Trading Halts, Delays and Suspensions
    Part 10 - Compliance
    Part 11 - Administration of UMIR