Trade data is edited as soon as it is transmitted to the Clearing Corporation. For a successful match to occur a sell must exist for every buy and all critical information required by the match process must correspond exactly between the two sides of the trade. Trades are continuously matched throughout the day, which is a critical feature of our risk management policies. Once a trade is matched the Clearing Corporation's guarantee takes effect with the Clearing Corporation acting as a buyer to every clearing member seller and the seller to every clearing member buyer. Clearing reports are automatically transmitted to member firms' computer systems and are made available on line for printing in their offices throughout the day.
Firms can also request trade status reports at any time or view the status of trades on-line.
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