Arbitration Procedures:
Arbitrations are limited to trades that are outside the no bust range. A notice of intention to
arbitrate must be filed within ten business days after the date of the mistrade. The party that
caused the error may be held responsible for realized losses incurred by counterparties to the
busted trade.
The party responsible for the error must pay a $250 fee for the first five instances, $500 for the
next five instances, and $1,000 for each subsequent cancellation within a calendar year.
