Order Booking
After an order is filled in the front office, the broker-dealer need to to book the filled portion of the order into middle-office as a block trade for allocation and/or confirmation. A block trade, something referred to as a block, is the resulting object of one or many client orders booked on to middle office. It is the initial object in all middle poffice workflows. from a oustomer's pespectvie , a broker's mioddle-office block is s alos called a broker trad.e theis terms is often used by the buy-side when using electronic vendor services such as CTM