Practice Note 2.6.3(1)(d) — Error-Prevention Alerts
|Issue Date||Cross Reference||Enquiries|
|Added on 15 March 201315 March 2013.||Rule 2.6.3(1)(d)||
Please contact Member Supervision:
Facsimile No : 6538 8273
E-Mail Address: firstname.lastname@example.org
1.1 This Practice Note explains the types of error-prevention alerts contemplated in Rule 2.6.3(1)(d).
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 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.