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Commodities
Challenges
- Rejected or unmatched trades creating a bottleneck between trading and sales
- Un reconciled data between desks resulting in unmatched inter–entity and inter-desk positions
- Unverified data and missing parameters leading to erroneous trade processing across commodities
Solution
- Data transcription and standardization from various sources including blotters, paper documents, broker confirms and Blmg messages
- Support provided across different commodities such as Coal, Dry Freight, Emissions, Power, etc
- Monitoring of rejected / unprocessed / unmatched trades; acting as interface between trading and sales to match trades
- Internal system reconciliation between various desks to tie out inter-entity and inter-desk positions
- Verification of affirmation data and enriching missing economic parameters, trades sent for affirmation to counterparties post audit
Benefits
- Improved turnaround time of trade rejects, thereby ensuring timely settlement of trades
- Helped broker dealer clients increase their FED rankings and achieved ~93% affirmation rate with mailbox management techniques and other IT enhancements across product types
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