Trade Error Log
Every trade error, the day it is found, with the correction, who bore the cost, and proof the client was made whole. The log your trading policy promises and examiners ask for.
A Spreadsheet Is Not a Control
Your trading policy says errors are reported, corrected at the firm’s cost, logged, and reviewed for patterns.
Most firms keep trade errors in a spreadsheet, if they keep them anywhere. When an examiner asks for the log, the question is whether every error is there, whether each one shows the client was made whole, and whether anyone looked for patterns. The platform keeps the log in the same place as the rest of your program, enforces the made-whole rule, and carries the entries into the annual review on its own.
How It Works
Three steps, in the order your policy asks for them
Report it the day it is found
Anyone on the team can report an error: trade date, the account as you refer to it, the security, what went wrong and a sentence on what happened. The compliance team is notified the moment it is saved.
Record the correction
Compliance records how it was fixed (cancel and rebill, firm error account, reimbursement), the date, the gain or loss, who bore a loss and where a gain went.
Close it only when the client is whole
The platform will not resolve an error while the client is still out of position. Either the client was made whole or the entry records a gain or no loss. Your name and the time are kept as the review.
Error Types Tracked
So the quarterly pattern review has something to compare
Key Capabilities
Built for the operations desk and the CCO
Anyone reports; compliance corrects and signs off
Compliance notified the moment an error is saved
Cannot close until the client is made whole
Gain or loss, who bore it, and where a gain went, on every entry
Open, this quarter, year to date, firm cost and breakdown by type
CSV export and inclusion in the exam package
Feeds the annual review Trading area, exam readiness and the health score
Every change in the audit trail; entries are never hard-deleted
Included on every plan, Solo and up. Firms that keep the log elsewhere can switch the module off in Firm Settings.
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