If a trade is cancelled, a subsequent trade on any marketplace which was:
- executed as a result of the price of the cancelled trade; or
- 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 |
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