🔥 Daily ChallengeISEExecution and market integrityMedium
A hedge fund accidentally submits a sell order for 50,000 shares of a TSX security instead of 5,000. An Investment Dealer's agency desk executes the trade. Before the settlement date, both the buyer and seller agree to cancel the excess 45,000 shares. Which of the following best describes the reporting responsibility for this pre-settlement cancellation?