The matching system used by the LIFFE and IPE markets for their trades. Once a deal has been struck on the floor of the exchange and deal tickets have been written out, the deals are input into this system. The system then compares the buy and sell sides of the trade to ensure that the details agree. Matched trades ( matched transaction) are then stored for transmission to the LCH at the end of the business day. Dresdner Kleinwort Wasserstein financial glossary
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( TRS)
The Trade Registration System ( TRS) is a real-time trade matching and administration system, developed by LIFFE, which facilitates post-trade processing and position maintenance. Details of each trade are fed into the system through LIFFE CONNECT™ and are then assigned to accounts or allocated to other members. LIFFE
Financial and business terms. 2012.