mistrade

English

Etymology

mis- +‎ trade

Noun

mistrade (countable and uncountable, plural mistrades)

1. (law) A trade that is made at an obviously incorrect price; or the act of making such trades.
   • 2007, “Security Exchange Act of 1934: Release No. 34-5964; File No. SR-OC-2007001; June 26, 2007, Self-Regulatory Organizations; OneChicago, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Nullification Policy for Error Trades and Mistrades”, in SEC Docket, volume 90, number 3, page 2600:

     The proposed rule change would also add language that would make it clear that the party responsible for a mistrade would be required to report to the OOM Help Desk the details of any transactions conducted pursuant to Part A or B of the Error Trade Policy that occurred outside of the OneChicago system.

   • 2015, Niamh Moloney, Eilís Ferran, Jennifer Payne, The Oxford Handbook of Financial Regulation, page 612:

     With the rise of electronic trading, such 'error trades' or 'mistrades' have turned out to be a major regulatory challenge, even long before the 'flash crash' (2010). In Germany, the handling of mistrades belongs to the few trading details that retail investors care about and that, as a consequence, marketplaces use to differentiate their trading systems from the competition.

   • 2021, Alexander During, Fixed Income Trading and Risk Management, page 98:

     The difference between a mistrade and an erroneous trade confirmation is that with a mistrade, the trader agreed to trade at an off-market price.

2. A trade that does not turn out well and is a cause for regret, or the act of making such trades.
   • 2001, Robert Fischer, Jens Fischer, The New Fibonacci Trader, page 77:

     Looking at failures and mistrades in the markets is just as helpful as showing how profitable a strategy may be.

   • 2003, Chaka S. Thomas, In the Midst of Love and Desires, page 41:

     When the vows are purposively made, Why is there a curse of mistrade?

   • 2020, Forex Investment Lounge, Finance Psychology:

     For example, by analyzing his mistrades, one can discover what typical patterns of action and belief are hidden behind them.

Verb

mistrade (third-person singular simple present mistrades, present participle mistrading, simple past and past participle mistraded)

1. To trade badly or unfairly.
   • 1928, Advertiser's Weekly - Volume 57, Issues 762-774, page 359:

     In his own interest the owner of a brand should not allow any distributor to mistrade upon a reputable name.

   • 1966, Great Britain. Royal Commission on Historical Manuscripts, Reports, page 208:

     For what can he have done with all that money taken upon me which I have accepted, besides 100l. sterling there taken the 10th January of Samual de Fisher which I must protest, since he cannot have mispent nor mistraded already so much ?

   • 1974, Commerce Clearing House, Commodity Futures Law Reporter, pages 39-295:

     The Engs allege that their trading advisor, Marketarian Incorporated, mistraded their account in a number of ways: (1) churning; (2) failing to lock-in profits by using moving stop-loss orders; (3) breaching a promise to use $300 stop-loss orders in connection with certain day and overnight trades; […]

   • 2021, Michael Tratner, Love and Money: A Literary History of Desires:

     Antonio tries to stop her trading her body by saying that his body is actually the one that was mistraded: "I once did lend my body his wealth," but his body was saved by "him that had your husband's ring," so Antonio "dare be bound again,/My soul upon the forfeit"