Regulatory Notice 2.6.3(d) — Error-Prevention Alerts
|Issue Date||Cross Reference||Enquiries|
22 September 2006.
Please contact Member Supervision:
Facsimile No : 6538 8273
E-Mail Address: email@example.com
1.1 This Regulatory Notice explains the types of error-prevention alerts required under this Rule 2.6.3(d).
2. Types of Error-Prevention Alerts
2.1 The types of error-prevention alerts required in the OMS are as follows:
(a) maximum quantity per order — to alert Approved Traders and Customers of possible erroneous entries in relation to quantity; and
(b) price alerts — to alert Approved Traders and Customers of possible erroneous entries in relation to price.
2.2 Price alerts include:
(a) price range checks to alert Approved Traders and Customers when the new order entry price has exceeded a certain percentage; or
(b) number of ticks as compared to the last traded price or the previous settlement price if last traded price is not available.