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What is a trade confirmation?

Updated: 9/17/2023
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12y ago

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The process (or a physical document or electronic record) by which a market participant notifies its counter-parties of the details of a trade/transaction and allows them to positively affirm or question the trade/transaction. Separation of the dealing function from the confirmation function is a key control in dealing activity.

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Q: What is a trade confirmation?
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