If a user of the LeveL ATS believes that an executed trade was materially inconsistent with the trading market at the time of the trade in that security, it may request a review of such trade(s) by LeveL Markets, the broker-dealer operator of the LeveL ATS, under the LeveL Markets, LLC Clearly Erroneous Trade Policy.
Upon receipt of a valid request for review, LeveL Markets will review the disputed transaction, applying the guidelines set forth herein and other considerations it deems appropriate. LeveL Markets reserves the right to request written documentation relating to the disputed transaction, which is reasonably necessary for use by LeveL Markets in resolving the matter. If the transaction is determined to be clearly erroneous, LeveL Markets will, in its sole discretion, cancel or modify the executed trade.
For more information, please download the following document: Clearly Erroneous Trade Policy