Practice reviewing a trade that may have been entered, routed, modified, confirmed, or documented incorrectly.
Scenario Meaning
What this scenario tests
A trade-error scenario tests whether the workflow separates intent, entry, execution, confirmation, and correction. The review must identify what happened, when it happened, who authorized it, and what must be done next.
Primary Risk
What can go wrong
The danger is trying to fix the result before preserving the facts. Trade errors can create financial harm, client confusion, supervision issues, books-and-records issues, and escalation requirements.
Warning Signals
What to notice first
Order details do not match client instruction.
Quantity, symbol, side, account, or price instruction appears wrong.
Client disputes a fill or confirmation.
A correction is suggested without full review.
Review Action
What to check before moving forward
Reconstruct the order timeline from instruction to confirmation.
Compare client intent with ticket details and execution result.
Escalate according to error policy before making assumptions.
Document facts, impact, correction, and client communication.
Avoid
What not to assume
Do not edit records to make them look clean.
Do not guess client intent after the fact.
Do not delay escalation.
Do not communicate blame or outcome before review is complete.
Scenario Reading Frame
Read the facts before you react
Start with the client request, then separate the account facts, product facts, market facts, communication facts, and documentation facts. Most scenario mistakes happen when one missing fact is treated as if it has already been confirmed.
The correct response should make the next safe step obvious. That may be approval, clarification, correction, documentation, supervisory review, or escalation.
Topic Checklist
Before you mark this complete
Name the core issue before choosing an action.
Identify what is known, what is missing, and what cannot be assumed.
Connect the scenario to client facts, product risk, market conditions, account authority, communication, documentation, or escalation.
Choose the review action that protects the process.
Document whether the situation is clean, incomplete, corrected, or escalated.
Ready Check
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