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PropReports compares its computed net positions against another source such as your DMA platform or clearing firm. The report shows the following information:
Account |
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| Whenever comparing against a DMA platform, the account name will be the PropReports Account Id ( |
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| which should |
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| match the DMA platform). When comparing against the Clearing firm, the PropReports Clearing Id is shown and positions are combined across one or more sub-accounts prior to comparison. | |
Symbol | This is the ticker symbol of the security with the discrepancy. |
| PropReports |
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Qty |
The first of the two numbers following the symbol is the net position quantity in PropReports. Negative value indicates a short position. 0 indicates flat and a double-dash ("--") indicates that there was no trading activity in that symbol that day. This is a subtle but useful distinction. |
External Quantity
External Qty | The second of the two numbers following the symbol is the net position quantity at the external entity being compared ( |
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clearing firm or DMA platform) Negative value indicates a short position. 0 indicates flat and a double-dash ("--") indicates that there was no trading activity in that symbol that day. Not all sources indicate flat positions and in those cases "--" will be shown regardless if there was trading activity in that security. |
Example
Here is a sample discrepancy report of PropReports versus Sterling:
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