Trade Processing: Reconciliation and Accounting
Interactive

Trade Processing: Reconciliation and Accounting

Intuition Publishing
Updated Sep 25, 2020

With investment banks trading huge daily volumes, it's vital that they have a rigorous reconciliation framework in place regarding trade data flowing between internal systems and cash/asset settlement. Companies are required to maintain accurate books and records of their financial transactions. Here we examine how trades are recorded in the various accounting documents and how the profits and losses on the different trades are reported in the financial statements.