Trade capture
Ingest and normalise executed trades.
MIDDLE OFFICE SERVICES
Trade operations from execution through settlement.
Capture, enrich, match, monitor and evidence post-trade activity across brokers, custodians and internal systems, with exceptions owned through settlement and downstream reconciliation.
Overview
Trade operations is the post-execution processing needed to turn an investment decision into an accurate operational record and completed settlement. It commonly includes trade capture, enrichment, matching/affirmation, provider instruction, lifecycle-event setup, status monitoring and exception resolution.
This is a core hedge-fund and traditional asset-manager middle-office function and is also relevant to liquid credit, derivatives and multi-asset portfolios.
Our capabilities
Enrichment
Apply approved security, account and settlement data.
Matching / affirmation support
Compare manager and counterparty/provider records.
Instruction support
Prepare or coordinate custodian/provider instructions where in scope.
Settlement monitoring
Track expected settlement and status.
Exception management
Assign and escalate unmatched, late or failed trades.
Service coverage
Core records
- OMS/PMS trade blotter
- Broker confirms / allocations
- Custodian settlement status
- Security master
- SSI and account data
- Clearing/settlement messages
Operating activities
| Step | Activity | What happens |
|---|---|---|
| 1 | Capture | Receive trade from approved execution source. |
| 2 | Enrich | Validate instrument, account, allocation and settlement data. |
| 3 | Match | Compare with broker/counterparty records. |
| 4 | Instruct / hand off | Send authorised details to appointed provider. |
| 5 | Monitor | Track settlement and lifecycle status. |
| 6 | Resolve | Escalate breaks and retain closure evidence. |
Reporting and oversight
- Trade-status dashboard
- Unmatched-trade queue
- At-risk / failed settlement report
- Provider instruction evidence
- Daily post-trade control pack
What clients gain
Complete trade capture
Ingest and normalise executed trades.
Consistent enrichment
Apply approved security, account and settlement data.
Faster matching and affirmation
Compare manager and counterparty/provider records.
Reliable instruction support
Prepare or coordinate custodian/provider instructions where in scope.
Governance and integration
Trade Operations is delivered through defined responsibilities, controlled records and documented review. Material exceptions, judgements and approvals remain visible and attributable throughout the operating process.
- Trade-population completeness.
- Approved security-master / SSI changes.
- Settlement-date and cut-off monitoring.
- Segregation from securities execution.
- Exception ownership, materiality and ageing.
Expertise and delivery
Experts behind the service.
Relevant professionals support service design, exception review and delivery governance where specialist judgement is required.
Meet our Experts & ProfessionalsTechnology that supports control.
Controlled data, workflow and review capabilities support consistent execution, transparent oversight and traceable evidence.
Explore Technology & ExpertiseConfigured around your operating model.
Services can be delivered through managed operations, technology enablement, co-sourced delivery or transition support.
See How We WorkFrequently asked questions
Is trade operations the same as trade execution?
No. This service handles operational processing around and after execution; investment/trading authority remains elsewhere.
Can middle-office outsourcing be selective?
Yes. Mature providers increasingly offer modular outsourcing, which fits Kelton’s co-sourced model.
Which clients need this most?
Hedge funds, asset managers and active credit/multi-asset strategies.
Discuss Trade Operations
Start with one workflow, one operating issue or one provider transition. We will map the current process, responsibility boundaries, required data and a practical first engagement.