Cancellation Times Flashcards
How long do you have to cancel a crossing
15 mins from the time it was reported in the Trading System
How long do you have to cancel a negotiated deal
30 mins after the deal has been confirmed in the trading system
How long do you have to cancel a trade effected by matching orders in the trading system
15 mins after the matching of orders
How long do you have to cancel a trade that may have market impact
As soon as you become aware of it
How long does NZX have to respond to a request to cancel a crossing
30 mins after being notified
How long does NZX have to respond to a request to cancel a negotiated deal
30 mins after being notified
How long does NZX have to respond to a request to cancel a trade matched in the trading system
30 mins after being notified
How long does NZX have to respond to a request to cancel a trade that may have a market impact
60 mins after being notified
What information needs to be included in a request to cancel a trade
Date of notice or request
Trade date
Deal ID
Security code
Number of securities
Price
Counterparty
Nature of error and reason for cancellation
What is the minimum value of a trade that the participant must keep a record of
$1000
