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This is normal procedure. In the US, if a trade is an obvious rip-off to one party, the exchange usually cancels it. It's better to be horribly incompetent and
by pw0ncakes 16y ago
This is normal procedure. In the US, if a trade is an obvious rip-off to one party, the exchange usually cancels it. It's better to be horribly incompetent and off by 50% than marginally incompetent and make a trade that's 0.5% bad.
In Japan, on the other hand...
- ig1 16y agoYep. In most of the western world "accidental" trades are normally reversed over a handshake, japan has a much more mercenary attitude of "you screw up you lose".
- chasingsparks 16y agoIt's one of the benefits to stock market clearing houses with T+3 settlement.