Timeline for Is there any literature on how stock exchanges guarantee consistency?
Current License: CC BY-SA 4.0
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| Aug 18, 2018 at 16:08 | comment | added | Attack68♦ | @AlexC, I have never received trade execution information directly from an exchange (and strongly suspect you are right), but I have experienced horrendous digital feed problems with indirect brokers like Bloomberg/BARX/ICAP futures, misreporting or misexecuting. And responsibility often does fall on the participant as you state. | |
| Aug 18, 2018 at 15:53 | comment | added | Alex C | I have never heard of erroneous trades because of software problems at the exchange (the software is too well built for that) , but the exchange does have the right to cancel trades and they sometimes use this in case of human errors such as fat finger trades for huge amounts at bizarre prices. The responsiiblity for dealing with this is up to the participants. | |
| Aug 18, 2018 at 15:38 | history | answered | Attack68♦ | CC BY-SA 4.0 |