Charles River

The market leader in trading, order management and compliance solutions

Contingent means grouped in Charles River

Prelim

PreAlert

PreOK

New
Trader takes ownership

Open
Trader adds broker (instructs broker)
Trader fills 100% of position

Work
Broker gives executing price

Pending
waiting for post trade compliance

Post Alert

Post Compliance

Ready / Unconfirmed
Trade is sent to accounting system
Broker matching

Accounting / Confirmed
Confirmed record to accounting system