Erroneous Fills

Discussion in 'Order Execution' started by FCCT, Nov 18, 2005.

  1. FCCT


    How late can an out of market fill be broken? Does it depend on the ECN?

    Is it possible for a trade to be broken the next trading day?

  2. mnx


    nothing should be able to be broken the next day.... that's total BS.

    ARCA/INET usually require the erroneous trade to be reported within 30 or so minutes. But they can take a couple hours to be actually broken (depends if it goes to ruling, appeals etc...)

  3. its rare but possible. every ecn has their own rules.