Equities
2
20
STRUCTURE ORGANISATION AND OPERATION
OF THE SPANISH SECURITIES MARKET
Treatment of errors detected in trading
The experience acquired since this segment be-
gan to function has underscored the advisability of ha-
ving a special regime which enables errors arising from
trading these securities to be corrected.
If there is an error in trading, the member deemed
to be responsible for it must submit a request to cancel
the transaction to the Supervision Department.
This department will assess whether the transaction
has a significant deviation in the price with regard to
the market valuation. The department and the Trading
Committee will use these market valuations on the basis
of the conditions in which the trading was done and the
other circumstances for making a decision.
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