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Dat e: To: From: Subject:October 3, 2024 Board of Directors Bob Flexon, Reliability and Markets (R&M) Committee Chair RealTime Market Price Correction Incorrect Resource Data Impacting the RealTime
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How to fill out real-time market price correction

01
Gather the relevant market data that needs correction.
02
Identify the discrepancies or errors in the current market prices.
03
Analyze the reasons for the price discrepancies (e.g., data entry errors, market fluctuations).
04
Determine the correct market prices based on updated information or benchmarks.
05
Update the market pricing system or database with the corrected values.
06
Verify the accuracy of the newly entered prices through cross-referencing with reliable sources.
07
Communicate the changes to all stakeholders and ensure they understand the new pricing.

Who needs real-time market price correction?

01
Financial institutions that rely on accurate pricing for trading and valuation.
02
Companies in the supply chain needing accurate costs for procurement.
03
Investors looking for reliable data to make informed decisions.
04
Regulatory bodies monitoring compliance with market standards.
05
Any organization involved in real-time trading that requires up-to-date information.
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Real-time market price correction refers to the instant adjustment of market prices or quotes when inaccuracies or discrepancies are identified, ensuring that the prices reflect the true value of the assets in the market.
Market participants, such as brokers, traders, or entities involved in the buying and selling of assets, are typically required to file real-time market price corrections when they notice discrepancies in market prices.
To fill out a real-time market price correction, market participants should provide detailed information regarding the specific asset, the nature of the correction, and the accurate market price, along with any supporting documentation.
The purpose of real-time market price correction is to maintain market integrity by ensuring that all participants have access to accurate and up-to-date pricing information, thereby fostering fair trading practices.
Information that must be reported includes the asset's identification, the incorrect price, the corrected price, the reason for the correction, the date and time of the occurrence, and any relevant transaction details.
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