TRADE CAPTURE ("STREETSIDE") REPORTING
Trade Capture Reporting allows sell-side firms (broker, exchange, ECN) to provide timely reporting of completed trades to an external entity not involved in the execution of the trade. For example, in the
United States sell-side firms report completed trades to the DTC (Depository Trust Corporation) for the purpose of matching, trade guarantee, delivery, netting, etc. As settlement cycles reduce, such
communication must be closer to real-time vs. an end-of-the day batch process. The Trade Capture Report and Trade Capture Report Request messages have been designed to facilitate such
Trade Capture Reporting has been expanded to include support for two party (sell side - buy side) and three party (sell side - exchange/clearing house/VMU - buy side) communication.
Support for matched trades, unmatched trades, transfer, block trades, and exchange for physical (EFP) trades are supported.
Messages used for Trade Capture Reporting: