SFC Type 1 · Brokers and dealers
Every order matched. Every execution recorded.
You buy and sell securities for clients. Your trade record, execution reports and staff trades must all match, every day.
Today
What brokers still do by hand.
01Orders and fills kept in two systems that do not agree.
02Pre-trade approvals done by phone.
03Staff trades checked after they happen.
04No single log of who approved what.
With TAC