Trade Reconciliation

Workflow Template

Trade Reconciliation

Workflow Template

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.

Related KPIs : Trade Break Rate: Equities, Trade Operations & Support Headcount Ratio, Trade Processing Error Rate: Equities, Unit Cost: Trade Processing (Back Office),

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

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