Trade Confirmation System

Publication of regulated market trades: efficient trade matching and confirmation with Euronext Trade Confirmation System.

The Euronext Trade Confirmation System is designed to streamline post-trade processes by providing a secure and efficient platform for trade matching and confirmation. This system enables market participants to validate and confirm their trades quickly, reducing operational risk and ensuring accuracy in transaction records. By automating the confirmation workflow, Euronext delivers a reliable solution that supports regulatory compliance and enhances overall trading efficiency.

Publication of trades
Use the Euronext Trade Confirmation System (TCS) for the publication of regulated market trades, such as negotiated deals, block trades and volume weighted average price (VWAP) trades. Deferred publication is possible for certain products. Flexible clearing can also be selected.

Instruments covered
The TCS platform covers all Euronext Cash Market instruments (equities, ETFs, warrants, certificates and bonds). It is available to all Euronext Cash Market members through their standard connection, and can also be accessed using our web based application, TCS-Web.

TCS complements our APA/ARM reporting services, which are open to all market participants

Automated trade validation for reduced errors and operational risk

With the Euronext Trade Confirmation System, participants benefit from automated trade validation, which significantly reduces the risk of errors and mismatches. The system cross-checks trade details between counterparties, ensuring that all terms are agreed and accurately recorded before settlement. This automation not only minimises manual intervention but also accelerates the confirmation process, allowing firms to focus on higher-value activities and improve operational resilience.

Seamless integration and multi-asset class support for trading firms

The Euronext Trade Confirmation System offers seamless integration with existing trading and settlement platforms, making it easy for firms to adopt without disrupting their current workflows. It supports a wide range of asset classes, including equities, fixed income and derivatives, providing a comprehensive solution for diverse trading strategies. This flexibility ensures that institutions can manage all their trade confirmations in one centralised system, improving transparency and control.

Enhanced regulatory compliance and reporting with Euronext Trade Confirmation System

Regulatory compliance is a key concern for market participants, and the Euronext Trade Confirmation System is designed to support robust reporting and audit trails. The system captures and stores all confirmation data securely, enabling firms to meet regulatory requirements and respond quickly to audit requests. By providing a transparent and traceable confirmation process, Euronext helps institutions maintain compliance and build trust with regulators and clients alike.