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Affirmation on an online trade matching platform

Financial companies can use online trade matching platforms to ensure they agree on the various transaction details. Manual operations can be minimized by integrating the company trading system with the online platform.

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Two types of interface can be required:

  • from the trading system to the online platform for trades that need to be affirmed

  • from the online platform to the trading system for trades that just got affirmed

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These interfaces are very similar to the trade feed integration described here. First they use a spreadsheet detecting the presence of new trades and then they reformat and import trade messages.

However additional messages need to be transferred in these scenarios:

  • Acknowledgements from the matching platform containing a new trade identifier need to be sent back to the trading system

  • Once trades are cleared, Clearing IDs also need to be imported into the trading system

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