This workflow template illustrates the review of all trades executed over a certain period of time (typically one day) to identify, communicate and resolve (i.e., reconcile) trade breaks. Purchase and download this template in PDF, PowerPoint (PPT) and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand the Trade Reconciliation process.
What is Trade Reconciliation?
Trade Reconciliation refers to a set of post-trade activities (typically T+0 or T+1) related to identifying and resolving trade breaks. A trade break, or failure, can occur for many reasons: mismatched prices or amounts, incorrect accounts listed, misallocated bunches, insufficient funds, etc. The trade operations and support team (middle/back office) is responsible for reviewing all trades executed over a certain period of time and compiling a list of errors, or exceptions, to review. They then send that list to the trading execution desk to gather information on the trade breaks to assist with resolution. The front and middle/back office team members collaborate to identify and resolve the "true" trade breaks. The trade data is updated to correct the breaks, and all systems are updated to reflect these fixes.
Download a Sample Trade Reconciliation
Frequently Asked Questions
Q: How do you create your Workflow Templates?
A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years analyzing operations at hundreds of leading companies worldwide, documenting thousands of business processes at precise levels of detail. We’ve anonymized this data—drawn from millions of dollars’ worth of consulting assignments—and have made it available to you in easy-to-use templates at affordable OpsDog prices.
Q: What can a Workflow Template do for me?
A: Boost productivity, efficiency, and service levels! Broken business processes—marked by manual workarounds, downtime, and errors—are all too common. Many businesses write off this waste as “the cost of doing business.” But you know better than that! Simply select the OpsDog Workflow Template that best fits your situation, tweak it to your liking, and then use it to train employees, identify process improvements, inform an IT project, or re-design a workflow. That’s a lot of power in your hands, cheap!
Q: What’s in the box when I buy one?
A: Three handy versions, all in one zipped file. It’s yours to download immediately upon purchase, and includes your chosen Workflow Template in PDF format, plus Microsoft PowerPoint (which you can edit), and Visio (which you can also edit).
Q: Your download-able templates look great. But I need something custom. Can you help?
A: Heck yes. Our analysts would be happy to provide you with a more detailed Workflow Template than what we offer for instant download. We can also develop an entirely new, customized Workflow Template to fit your business; we specialize in this stuff and would love to help you! Simply email us (firstname.lastname@example.org) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.