Deal Ticket
A deal ticket, commonly known as a trading ticket, is a record of all the terms, conditions, and basic information of a trade agreement. A deal ticket commonly includes the following information: transaction type, security's name, order type, order duration, quantity, price, commission, names of involved parties, date, and time of transaction. A deal ticket, commonly known as a trading ticket, is a record of all the terms, conditions, and basic information of a trade agreement. A deal ticket, commonly known as a trading ticket, is a record of all the terms, conditions, and basic information of a trade agreement. Type of transaction: Information covers execution of the specific trade and the intention of the trade, including the order to buy, sell, buy to close, or sell short.
What Is a Deal Ticket?
A deal ticket, commonly known as a trading ticket, is a record of all the terms, conditions, and basic information of a trade agreement. The creation of a deal ticket comes after the transaction of shares, futures contracts, or other derivatives.
Understanding Deal Tickets
Think of a deal ticket as a trading receipt. This receipt tracks the price, the volume of the trade, the names involved in the transaction, and the dates of a deal. The deal ticket also includes all other relevant information. A company will use deal tickets as part of their internal control system which allows them to organize access to transaction history. The tickets can be in either electronic or physical form.
Information on the deal ticket is stored and transmitted to appropriate entities for distribution to the public in the form of a live or delayed feed. Deal tickets are useful for internal recording, tax purposes, and analysis through charting and quoting software.
Users of online trading services are already familiar with deal tickets. The online trader is required to fill in most of the information on the ticket themselves. While each broker's trading screen looks different, they all need the same essential information completed.
Deal Ticket Information
Related terms:
Away-from-the-Market
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Broker and Example
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Buy Stop Order
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Buy To Close
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Canceled Order
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Commission
A commission, in financial services, is the money charged by an investment advisor for giving advice and making transactions for a client. read more
Deal Slip
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Derivative
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Firm Order
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