InvestorQ : What is meant by trade recording and trade confirmation in stock exchanges?
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What is meant by trade recording and trade confirmation in stock exchanges?

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3 years ago
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Under Trade Recording the key details about the trades are recorded to provide the basis for settlement. These details are automatically recorded in the electronic trading system of the exchanges.
Under Trade Confirmation the parties to a trade agree upon the terms of trade like security, quantity, price, and settlement date, but not the counterparty which is the NSCCL. The electronic system automatically generates confirmation by direct participants.
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