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Trade Capture handout
By Guest on 11th March 2019 06:08:00 PM | Syntax: TEXT | Views: 1



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  1. Trade Capture
  2. Next step in the trade lifecycle is ensuring the bond trade is captured successfully and without any delays. The successful capture of a trade within a Morgan Stanley trading system should result in the trade details being sent to the back office immediately for operational processing.
  3. It is essential to ensure that the trader/sales team would input the trade correctly on all the required internal Morgan Stanley systems to reduce the risk of mismatching in the future. The possibility of that is reduced with an electronic trade execution system.
  4. There are a number of essential details that are captured for every bond trade within MS:
  5. •     Product Identifier:
  6. -       ISIN
  7. -       Cusip (Morgan Stanley internal identifier)
  8. -       Sedol
  9. •     Trade date and Settlement Date (TD and SD)
  10. •     Trade Price
  11. •     Quantity
  12. •     MS Trading a/c no. and Counterparty a/c no.
  13. Risks associated with Trade Capture:
  14. 1.      Operational Risk – the risk related to the human error within the process of trade capture. Manually entering the details is prone to inaccurate trade details being sent forward for processing. Trades therefore would not match and may be costly.
  15. 2.      Reputational Risk – in a case where mismatches occur, clients would be unhappy with the processes within Morgan Stanley. This poses the reputational risk for the company that may end up with a loss of clients and hence a loss of profit.



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