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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With T
  5. Trade Confirmation

Trade Confirmation

Definition of 'Trade Confirmation'

The process by which the two counterparties to a trade input their instructions to a central system which compares them and, if the instructions agree, confirms them and passes them on for settlement.

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Related Terms

TRAXEuropean Free Trade AssociationTrade DebtorsAllocationCapital MarketsCBOTClosing TradeCounter-TradeEFTAGlobalisationActual Settlement Date Accounting (ASDA)Agency BargainAgent/Agent BargainAgricultural ProtectionAntitrustAssociation of British Insurers (ABI)At BestAUTIFBalance of PaymentsBalance of Trade

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