Practice Note 4.6.7A(1)(c) — Error Prevention
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1.1 This Practice Note explains the types of error-prevention alerts contemplated in Rule 4.6.7A(1)(c).
2. Types of Error-Prevention Alerts
2.1 The types of error-prevention alerts to be made available may include but are not limited to the following:—
(a) maximum quantity per order — to alert Trading Representatives and customers of possible erroneous entries in relation to quantity; and
(b) price alerts — to alert Trading Representatives and customers of possible erroneous entries in relation to price.
2.2 Price alerts include:—
(a) price range checks to alert Trading Representatives 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.