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Blotter

• Is a trading record which is prepared for each business day. Often this is the primary data entry for a dealer or proprietary trader. Orders are recorded in a chronological sequence. When customer orders are involved, the price, quantity, instrument and customer identification are recorded. Also, time stamping of the order is required. This time stamping typically occurs on the order ticket. Often tickets and blotters are interchangeable.

 
 Embedded terms in definition
 Dealer
Order
Ticket
Time
Trading
 
 Referenced Terms
 Cross trade: Is a transaction that is not exposed to the public by outcry or usual trading practices. This type of matching trade is permissible provided it is done in accordance with the rules and regulations of the particular exchange and other regulatory organizations. The letter Xcan indicate this type of transaction on a ticker tape. It may be also used on a ticket or Blotter. Seethe related Ex-Pit and Exchange for Physicals.

 Ticket: Is the physical record of an order. Tickets are time stamped and show quantity, price or market pending price, type of order, and customer. If additional information is required to minimize errors such as type of order, market location, commission or spread, broker taking the order and so forth then that should be entered at the time of order acceptance. In some firms tickets are generated from the Trading Blotter.

 X or cross trade: Is a transaction that is not exposed to the public by outcry or usual trading practices. This type of trade is permissible provided it is done in accordance with the rules and regulations of the particular exchange and other regulatory organizations. The letter X can indicate this type of transaction on a ticker tape. It may be also used on a ticket or Blotter. See the related Ex-Pit and Exchange for Physicals.

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