Definition: The process of matching trades, cash, and positions multiple times throughout the business day rather than waiting for the market close. This real-time or near-real-time comparison allows firms to identify settlement issues, margin shortfalls, or trading errors almost immediately after they occur.
Example: A high-frequency trading firm compares its internal trade log against the prime broker’s real-time data feed every hour. This allows the firm to catch a rejected trade shortly after it happens, providing the opportunity to resolve the issue during market hours rather than discovering the error during the next day’s morning run.
Explore the IVP Reconciliation Solution
The IVP Reconciliation Solution is engineered for high-velocity environments, providing the speed and throughput required for continuous intraday matching. Our integrated model enables firms to move from “reactive” to “proactive” risk management by delivering real-time exception alerts. IVP’s team monitors these intraday flows, ensuring high-priority breaks are escalated immediately, which allows front-office teams to trade with an accurate, up-to-the-minute view of liquidity and exposure.
