{"id":179020,"date":"2021-05-03T03:55:00","date_gmt":"2021-05-03T07:55:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/busted-trade\/"},"modified":"2023-01-22T13:30:18","modified_gmt":"2023-01-22T18:30:18","slug":"busted-trade","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/busted-trade\/","title":{"rendered":"Busted Trade"},"content":{"rendered":"<p>A busted trade refers to a situation where an execution occurs and IBKR receives the execution message from the exchange. The exchange then realizes some type of error (Pricing, electronic, obvious error, etc) and rules to bust (cancel) the trade. The exchange makes these rulings entirely on their own.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A busted trade refers to a situation where an execution occurs and IBKR receives the execution message from the exchange. The exchange then realizes some type of error (Pricing, electronic, obvious error, etc) and rules to bust (cancel) the trade. 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