Series 53: Customer Trade Confirmation

Customer Trade Confirmation

So far we have discussed the confirmation and comparison requirements of the two parties to a trade. Those eligible for automated comparison must deliver the required information within 15 minutes of the trade. When comparison is done manually, the parties have until the next business day to provide written confirmation to the other.

These trades may be inter-dealer trades or customer trades. An inter-dealer trade, obviously, is one in which both pa