Error Trade Policy

As a matter of principle, TOCOM currently doesn’t allow cancellation of executed trades in order to maintain an orderly market.

However, with the advancements and expansion of electronic trading, the Exchange is aware that there is now an increased risk of a trade being executed at an abnormal price following a possible operational or system failure of a market participant. If such a risk should materialize, it may significantly disrupt the market and thus damage the credibility of TOCOM.

For this reason, TOCOM is adopting a policy to be able to cancel executed trades resulting from erroneous orders to prevent a significant disruption of the TOCOM market.

Please refer to the “Error Trade Policy“ for the detail.

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