Date: 01 January 2016
This paper focuses on the operational control requirements of a buy-side securities trading firm with particular reference to post trade reconciliation.
It is not about any specific company or indeed any specific organisation types, but looks generically at what might be termed “good practice” for the securities trading reconciliation process. The paper assumes the availability of technology designed to automate the process. By this we mean a system designed specifically for securities reconciliation that understands the context of the market, the data available in portfolio accounting systems, can work with the range of instrument types traded, and at all times can record events in a detailed audit trail.
Duncan has over 30 years experience in the financial markets working in both New York and London. He was previously Global Head of Operations for a $350bn asset manager, Head of Operations at a London hedge fund and Head of Back and Middle Office Development at the largest hedge fund in Europe. Duncan is a keen sailor and can be found regularly crossing the channel in his yacht 'Liquid Asset'.
