A confirmation platform replaces paper or fax confirmations with a system that compares or accepts the trade terms. In October 2005, the Federal Reserve Bank of New York welcomed the commitment by 14 major credit derivatives dealers to increase substantially their use of electronic matching platforms1. Trades are confirmed through trade matching or affirmation2.

It is separate from an electronic trading platform. An electronic trading platform is where a trade is made, and a confirmation platform handles the confirmation of a trade that has been made. OSTTRA explains that trades can be sent to a central counterparty through its service2.

Notes

  1. Federal Reserve Bank of New York, "Statement Regarding Developments in the Credit Derivatives Markets" (October 5, 2005), the third item. The June 2, 2009 list of commitments also uses the term "electronic confirmation platform". ↩

  2. OSTTRA, "Trade Processing", the "Affirm", "Confirm", "Clear", and "Report" items. Checked on October 8, 2026. ↩ ↩2