Electronic matching is available through ConfirmHub. The matching process allows for system-based auditing and verification of trade information. Coupled with the ConfirmHub API, your transactions (brokered, exchange-traded or bilateral) can now be matched and transmitted to your back-office systems with no human intervention. These conveniences allow you to deal only with exceptions, dramatically reducing workload.
Why tick and tie 100 transactions when you could correct only one?
The ConfirmHub will automatically match trades using a pre‑defined set of matching criteria. In addition to fully matched trades, matches will also be proposed, indicating that some of the data matches, while some does not -- or that there is a note on the trade requiring human intervention. Proposed matches may then be un‑matched (‘broken’) or made to be fully matched (‘approved’).
Costs
Matching is currently the only fee-based service on the ConfirmHub. The fees are set at $.75 per completed match. These low fees are more than offset through increases in efficiency.