New trade annulment policy undertaken on stock exchanges. - General Economics

Q.  Consider the following statements about new trade annulment policy undertaken on stock exchanges.

1. Stock brokers shall submit such request to the stock exchange within 30 minutes from execution of trade(s) which is sought to be annulled.
2. Stock exchange may consider requests received after 30 minutes, but no longer than 60 minutes, only in exceptional cases and after examining and recording reasons for such consideration.

Which of the above statements is/are correct?
- Published on 11 Jul 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both

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