For many years Trax has been an established mechanism with which to match trades on trade date and reduce risk. Over time as risks have inherently grown, it has become even more pertinent to manage exceptions as close as practically possible to execution. 


Trax recommends that, as a best practice, firms should send their instructions to Trax within 15 minutes of trade execution so that exceptions can be identified and addressed immediately. This would give as close to a real-time electronic match as possible.


Click here to learn more about the Trax Match Best Practice Statement.