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Position Reconciliation
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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:
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For more examples of various position discrepancies, as well as steps to fix them, please see Common Position Discrepancies.
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Executions Reconciliation
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PropReports will compare internally stored fills against another source such as your clearing firm. Running the reconciliation daily allows you to double-check that imported trading activity is correct and up-to-date. The report shows the following information:
Account | Whenever comparing against a DMA platform, the account will be the PropReports Account Id (which should 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. Note that for all accounts in PropReports without a Clearing Id positions are combined and shown as a discrepancy with a blank account. |
Symbol | This is the ticker symbol of the security with the discrepancy. Symbols that have no execution discrepancies are not shown. |
Source Indicator | Internal refers to the fills PropReports is reporting, external are fills at the source you are reconciling against and difference are the trades would need to be posted in PropReports in order for that discrepancy to reconcile. |
Side / Intention | Buy (B), Sell (S), Short (T) or Cover (C). Note that not all sources indicate short or cover intention. In those cases, just Buy and Sell codes are used. See Fill Intention or Side for more information. |
Quantity | |
Price | |
Order Id |
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| No Format |
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ABC123 (123)
XYZ
Internal:
B 4,300 @ 10.543 ABC001
B 200 @ 10.541 ABC002
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B 4,500 @ 10.542 (TOTAL)
External:
B 4,300 @ 10.543 ABC001
B 200 @ 10.541 ABC002 CXLD
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B 4,300 @ 10.543 (TOTAL)
Difference:
B 200 @ 10.541 |
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For more examples of various execution discrepancies, as well as steps to fix them, please see Common Execution Discrepancies.