Price adjustments, Compliance Rule 2-43(a)

FDMs will bear the burden of invalid prices generated by their own software, traders, matching systems, or user interfaces. Price adjustments will henceforth be permitted when settling complaints in the customer’s favor, and by FDMs that operate via STP and have been affected by a price adjustment on the part of the liquidity provider. Rule 2-43(a) will go into effect May 15, 2009.

About The Author

Felix Shipkevich

Felix Shipkevich is a Manhattan-based attorney and general counsel for Shipkevich Law Firm. He has extensive experience working with the CFTC and NFA on registration, compliance, and enforcement issues for CPOs, CTAs, FCMs, IBs, and RFEDs. Felix also practices intellectual property and corporate governance law.