Glossary · Technology & Data
Trade Capture
Trade capture is the process of recording executed trades and all their economic and settlement details into a fund’s systems of record.
Trade capture is the first step in the post-trade lifecycle. Trades are recorded from an order management system, broker files, electronic platforms or, for OTC and private assets, term sheets and confirmations. Each trade is enriched with the account, strategy, allocation, settlement instructions, fees and commissions before being released to the IBOR, the fund administrator and the custodian or prime broker.
Complete and accurate capture on trade date underpins everything downstream: position and cash reconciliation, settlement, P&L and NAV. Errors here propagate through every later process.
Pitfalls include manual re-keying, late booking of trades executed near cut-off, block trades allocated incorrectly across funds, missing fees, and instruments not yet set up in the security master. Automated feeds with exception queues and same-day trade break resolution are the typical controls. Capture completeness should be checked daily against broker activity.
Related terms
Where this comes up in our work
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