Trade Match

TRADE MATCH

OVERVIEW

Trade Match provides an automated way to compare pre-settlement, cross-product trades. It reconciles all the trade components of either the start or close leg of each trade type. Trade Match’s exception management reporting prioritizes the core pending settlement risk items, helping users to reduce fails and rectify trade economic discrepancies on a real-time basis. Built using the same technology as the Next Generation Trading (NGT) platform, Trade Match provides enhanced user flexibility and configurability. It is compatible to One File connectivity and allows users the ability to send multiple files throughout the day.

HOW TRADE MATCH WORKS
  • Both counterparties send in pending trade data across products for new loans and returns
  • EquiLend/BondLend run a comparison and display the exceptions, prioritizing high-risk events
  • Users reconcile breaks on browser
  • Clients can download the results in XLS from EquiLend/BondLend to update their proprietary systems

KEY FEATURES
  • Global comparison of cross-product trade data
  • Central overview of pending settlement breaks
  • Exception reporting with specific focus on pre-pay, settlement, trade economic and dividend breaks
  • Configurable screens allow user to personalize view
  • Internal and public comments
  • Excel downloads
  • Reconcile easily
  • Simplified trade-level drill-down
  • Send files via MQ, FTP or XLS file uploads

FUTURE FEATURES
  • Automated outbound files from EquiLend/BondLend for full STP
  • MIS reporting