Tradematching 28.05.08
We need to set up a program which would take in all purchases and sales of financial securities and match them to the confirmations received from the financial institutions that executed these purchases and sales. It would involve “translating” the format of these various types of confirmations to one same format, and then match the share amounts, total cash amounts, commissions and fees charged. Any totals that do not match with the institution’s confirmations would need to be shown on an “exceptions report”. Whatever did match, would be uploaded into our accounting software using a csv file or API.
Once set up, it would need minimal maintenance, preferably by our own inhouse developers.
See for examples>
http://www.ssctech.com/pdf/brochure/fmc_net.pdf
http://www.advent.com/solutions/family_offices/apx_platform/stp/rex
