Global Match
Global Match is a system which facilitates the capture and automatic matching of buy and sell orders between institutional clients in the trading of financial instruments. Global Match supports automatic Straight Through Processing, voice broking or a Hybrid approach involving both electronic and voice broking. Counter party details are not disclosed, which enables the intermediary broker to offer full anonymity to clients on each side of the transaction.
Order Capture in Global Match can be achieved in a number of ways – via direct input at the keyboard by a broker taking an order over the phone, via the import of a spreadsheet of orders received from a client or directly from an automated output system at the client via the FIX protocol or a proprietary interface supplied by MBA.
The system automatically matches orders meeting specified criteria and can then either alert a broker for manual trading or electronically execute the trade directly.
In either case the system implements automatic Trade Reporting, confirmation to each counterparty, and back office reporting.