2.2.1
When an Error Trade occurs, the TM in error must:
(a) Inform SGX-ST by telephone at (+65) 6713 7088 within 30 minutes from the time the Error Trade occurred; and
(a) Contact the counterparty TM(s) without delay and seek its(their) agreement to cancel the Error Trade.
Added on 3 June 20193 June 2019 and 3 June 20193 June 2019.
2.2.2
Both the TM in error and the counterparty TM(s) must take all necessary steps to minimise any likely market impact caused by the Error Trade.
Added on 3 June 20193 June 2019 and 3 June 20193 June 2019.
2.2.3
Rule 11.4.1 gives SGX-ST the discretion to review any Error Trade if SGX-ST deems it necessary for the proper maintenance of a fair and orderly market. As such, market participants are advised that even if they do not initiate the procedure for cancelling an Error Trade, SGX-ST may exercise its discretion under Rule 11.4.1 to review the Error Trade.
Added on 3 June 20193 June 2019 and 3 June 20193 June 2019.