8.2.2. Trade Confirmations
At or before a trade’s completion, which means the time at which the trade is settled, brokerage firms on each side of the transaction are required by SEC Rule 10b-10 to provide a written confirmation to their customer. The trade confirmation includes:
• Name of the security
• Whether the security was bought or sold
• Quantity and price of the security
• The date and time of the transaction (or if the transaction is not yet completed, assurance that the time will be provided on request)
• The market or exchange on which the trade was executed (NYSE, Nasdaq, OTC)
• The dollar price and yield of a debt security
• Disclosures about prepayment for transactions involving asset-backed securities
• Whether it was an agency or principal transaction (di