A Boston-based investment advisor (10 million AUM) focused on fixed income trading wanted to report the final trade status back to their OMS once they’ve matched locally with their brokers using the Electra Settlements matching module. They placed a call to our helpdesk asking for help.
Our helpdesk assisted the client in selecting the appropriate options in Electra Settlements to automatically generate a trade status/update file in any OMS proprietary format on an intra-day or EOD basis.
Sample data elements used for a trade status message sent back to the OMS:
- Trade Reference
- Trade Date
- Settlement Date
- Settlement Amount
- Match Status
(Tish Wang, Product Analyst — Electra Settlements)