Rulebooks: Contents

Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
Chapter 1 General Matters
Chapter 2 Access and Membership
Chapter 3 Conduct of Members, Approved Traders and Representatives
Chapter 4 Listing and Trading of Contracts
4. Introduction to Contracts Traded on the Market
4.1 Rules Applicable to All Classes of Contracts Listed on the Markets
4.1.8 Error Trades
Chapter 5 Physical Delivery
Chapter 6 Dispute Resolution and Arbitration
Chapter 7 Adverse Events, Rule Violations and Disciplinary Action
Chapter 8 Definitions and Interpretation
Chapter 9 Transitional Provisions
Regulatory Notices
Practice Notes
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

(3 versions)

4.1.8 Error Trades

An error trade occurs when a transaction is effected on the Trading System as a result of an error in the entry of a bid or offer that is subsequently matched. The following procedures apply in relation to error trades:

(a) a Member shall take all necessary steps and exercise due diligence in monitoring trades done for any errors;
(b) a Member requesting an error trade cancellation or price adjustment shall promptly take all necessary mitigating actions to minimize the losses suffered;
(c) the error trade policy administered by the Exchange may be specific to the Market or a Contract. The Exchange's error trade policies are set out more fully in the Regulatory Notice.* Upon the occurrence of an error trade, the Exchange retains the discretion to cancel or adjust the price of such error trade in accordance with its error trade policy. The Exchange may impose any condition on the cancellation or price adjustment of an error trade, including the charging of fees for requests to cancel or adjust the price of any error trade;

* Refer to Regulatory Notice 4.1.8.
(d) the cancellation or price adjustment of an error trade by the Exchange does not affect the Exchange's right to take any disciplinary action against the Member, Approved Trader or Registered Representative who was responsible for the error trade.

For the avoidance of doubt, the Exchange is not liable for any loss or damage (including consequential loss or damage) which may be suffered as a result of the cancellation or price adjustment of an error trade in accordance with this Rule 4.1.8.

Amended on 26 November 2007, 19 January 2015 and 14 November 2016.