Building efficiencies in post-trade processing: the benefits of same-day affirmation
June 2008
How can trade verification between the investment manager and broker/dealer improve overall efficiency and reduce risks inherent in post-trading activities?
This independent economic analysis explores the benefits achieved from automating the trade verification process and, in particular, establishing same-day affirmation (SDA) as best operational practice in equity markets among investment managers and broker/dealers in Europe. Among other findings, the report shows that firms adopting automation to achieve SDA can expect benefits in the form of operating cost efficiencies, reductions in operational risk, and improved settlement performance. Trade verification, and how to improve this process (ie, towards automated SDA), should therefore be considered in the wider policy debate surrounding the efficiency of European equity trading and post-trading.
This independent economic analysis explores the benefits achieved from automating the trade verification process and, in particular, establishing same-day affirmation (SDA) as best operational practice in equity markets among investment managers and broker/dealers in Europe. Among other findings, the report shows that firms adopting automation to achieve SDA can expect benefits in the form of operating cost efficiencies, reductions in operational risk, and improved settlement performance. Trade verification, and how to improve this process (ie, towards automated SDA), should therefore be considered in the wider policy debate surrounding the efficiency of European equity trading and post-trading.
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