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Trade Reconciliation

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Questions and Answers

What should Market Participants do if they identify discrepancies between received confirmations and their own trade records?

Ignore the discrepancies and continue with the trade

Inform the counterparty verbally about the discrepancies

Carefully reconcile the alleged trades and identify the discrepancies (correct)

Request a new confirmation from a different counterparty

What should be done if the counterparty confirmation is incorrect, according to the text?

Request a new confirmation from the same counterparty

Ignore the incorrect confirmation

Inform the counterparty in writing (correct)

Inform the counterparty verbally

What should Market Participants do if they receive unknown confirmations that cannot be allocated to any internal trade record?

Ignore the unknown confirmations

Allocate the confirmations to any internal trade record

Inform the sender that the confirmations cannot be allocated (correct)

Request a new confirmation from the sender

What should be done to resolve unconfirmed or disputed terms as a matter of urgency, according to the text?

Establish escalation procedures Signup and view all the answers

What should Market Participants do to detect and report adverse trends that emerge in the discrepancies?

Have processes in place to detect and report the discrepancies Signup and view all the answers

Which of the following services may an E-Trading Platform Provider offer to customers?

Algorithmic trading services Signup and view all the answers

What do aggregation services provided by E-Trading Platform Providers do?

Consolidate quotes from different liquidity providers Signup and view all the answers

What should E-Trading Platform Providers do when providing algorithmic trading or aggregation services?

Disclose their operations to customers Signup and view all the answers

What should E-Trading Platform Providers disclose about their operations?

A clear description of their algorithms Signup and view all the answers

What should E-Trading Platform Providers be mindful of when providing algorithmic trading or aggregation services?

Circumstances that could rise to conflicts of interest Signup and view all the answers