Trade Reconciliation Cycle overview

Matches trade records across order management system, broker confirmations, clearing house statements, and custodian records — performing automated three-way reconciliation of trade date, settlement date, quantity, and price fields, identifying and categorizing breaks (price, quantity, commission, counterparty mismatches), escalating unresolved breaks by aging bucket and materiality threshold, and tracking break resolution rates against SLA targets. Produces daily reconciliation dashboards, open break aging reports, and resolution audit trails. Excludes trade booking and settlement instruction generation.