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Trade Lifecycle
Trade Booking
Learning Outcome
5
Explain booking for settlement, reporting, and risk.
4
Recognize front and back-office roles.
3
Understand booking after trade execution.
2
Identify key trade details captured.
1
Define trade booking and its role.
What is Trade Booking?
Trade booking: The process of recording an executed trade in the firm's internal systems, along with all relevant trade details, so it can be processed further.
Comes after execution: Booking happens only once a trade has actually been executed in the market — it is not done for orders that are still pending.
What Details Are Captured
What Details Are Captured
Who Books the Trade
Front office:
The dealer or trader who executed the trade typically enters the initial trade details into the system.
Back office:
Reviews and validates the booked trade details before they move ahead for confirmation and settlement.
Summary
5
Accurate booking prevents errors and settlement failures.
4
Front office enters; back office validates.
3
It captures key trade and client details.
2
Booking occurs after trade execution.
1
Trade booking records executed trades.
Quiz
Who usually validates the trade details after they are initially entered into the system?
A. Exchange
B. Client
C. Back office
D. Auditor
Quiz-Answer
Who usually validates the trade details after they are initially entered into the system?
A. Exchange
B. Client
C. Back office
D. Auditor
Trade Lifecycle & Reconciliation Operations - Trade Booking
By Content ITV
