Operational Controls for Institutional Trading Desks
Overview
Institutional desks enforce controls across the trade lifecycle.
Pre‑Trade Controls
- Exposure & credit limits
- Collateral checks
- Counterparty eligibility and sanctions filtering
Trade Capture & Confirmation
- Timestamps
- Venue/instrument/fees
- Electronic confirmations
Post‑Trade & Settlement
- Automated reconciliation
- Exception management
- Settlement tracking
Governance & Oversight
- Runbooks and change control
- Segregation of duties
- Control testing and attestations