Matcher Solution
Matcher, a real-time matching and reconciliation solution, helps financial firms automate their growing need to validate data from internal and external sources, including counterparties, trading venues, clearing houses, trade repositories and more. Matcher supports high-volume, one-to-one, one-to-many and many-to-many reconciliations and enables users to customize tolerances and multi-tiered rules for matching.
Video Highlights
High-volume trade reconciliation
Genesis Matcher provides a hosted, high-performance reconciliation solution for MiFID II algorithmic trading, helping firms reconcile large trade volumes against independent sources.
Customisable rules and exception workflows
Users can filter trade states, prioritise exceptions, and configure client-specific reconciliation logic using the Genesis Rule Builder and developer-friendly customisation tools.
Faster delivery with reusable building blocks
Built on the Genesis low-code platform, Matcher standardises reconciliation processes and accelerates delivery of resilient, secure applications that can scale with trading demands.
Platform Overview
Features & Capabilities
Automated Reconciliation Workflow
Real-time trade and data reconciliation with one-to-one, one-to-many, and multi-party matching.
Flexible Data Matching
Support multiple data formats, drop copy, API connectivity, and user-defined matching rules.
Real-Time Monitoring
Monitor reconciliation activity in real time with dashboards for exceptions and resolution workflows.
Integrations
Trade Capture Sources
Connect reconciliation workflows to upstream trade capture sources.
Regulatory Bodies
Support integrations with regulatory bodies for compliance and reporting workflows.
Clearinghouses
Connect with clearinghouses to support post-trade reconciliation and matching.
Internal Systems
Integrate with internal systems to align reconciliation with existing operational processes.
Customization & Extensibility
User-Defined Matching Rules
Configure customizable, multi-tiered reconciliation rules with user-defined tolerances for matching trades.
API-First Architecture
Integrate with client OMS, execution, clearing services, and trade repositories via FIX, MxML, and FpML.
Flexible Data Handling
Process multiple data formats across one-to-one, one-to-many, and multi-party reconciliation workflows.
Security & Compliance
Audit Trails & Reporting
Every transaction and reconciliation action is logged for transparency and compliance audits.
Role-Based Access Control
Ensure only authorized users can modify matching rules or override reconciliations.
Performance Metrics & Scalability
High-Volume Trade Matching
Process thousands of trades per second to support increased operational demand.
Low-Latency Processing
Optimized for real-time trade and data reconciliation, minimizing delays in break detection and resolution.
Scalable Cloud Deployment
Deploy on-premise or in the cloud, scaling with trade volume growth.
Component Breakdown
Trade Management: Centralized trade matching and reconciliation between internal and external sources (e.g., counterparties, trading venues, clearing houses).
Application Management: Manages real-time reconciliation and matching through:
Trade Recon Engine: Identifies discrepancies and validates data integrity.
Rule Match Engine: Applies user-defined tolerance checks and multi-tiered matching rules.
Reporting & Alerts: Generates exception reports and notifications for break resolution via integration with an alert system (FDC3 protocol).
Event Processing Flow
How reconciliation and matching workflows process, validate, and report trade activity.
Trade data ingestion
The Genesis Matcher receives trade data from client OMS, execution, and clearing services via FIX/MxML protocols.
Data validation & reconciliation
The Trade Recon Engine validates incoming trade data and compares it against counterparty records.
Rule-based matching
The Rule Match Engine applies user-defined tolerances and matching criteria to determine trade status.
Exception handling & alerts
Discrepancies or breaks are flagged in real-time dashboards and routed to FDC3-enabled alert workflows.
Final reporting & compliance
Successfully matched trades are logged, reported, and stored for compliance and audit requirements.