Continuous reconciliation for complex derivatives
Reconciliation is traditionally a batch process based on end-of-day files, so breaks surface too late. Float matches your trade data against your counterparties continuously, so breaks are caught as they happen.
Our approach
Matching that moves upstream
Trades captured, affirmed, and processed on Float start out agreed, so there is less to reconcile. Float matches everything else continuously and traces each break back to its root cause.
Trade matching
Resolve breaks as they happen
Trade data is matched against your counterparties in real time and at full granularity, so a break shows up the moment the data disagrees, not in tomorrow's file.
Positions and valuations
Coming soonEvery statement, one format
Position and valuation statements from every dealer, prime broker, and fund administrator are normalized and checked against your internal data, with each break prioritized automatically.
Root cause
Coming soonCorrect breaks at source
Each break is traced to the booking, event, or fixing that caused it, so parties can correct it at source automatically and minimize time spent managing disputes.
Built for complex derivatives
Reconciliation that understands complex trades, not just rows in a file. Float models the structure of every instrument across asset classes, so terms, schedules, and events are compared field by field.
Normalized dealer data
Statements in every dealer format are normalized into one model before anything is compared, so like is always matched with like.
Prioritized breaks
Breaks are prioritized automatically against your internal data, with exception handling and resolution tracking built in.
PMS integration
Exchange data both ways with your portfolio management system over FIX or REST, so every system reconciles against the same data.
Full market coverage
Connected counterparties share data electronically over the Float network, and Float AI reads statements from everyone else, so every counterparty is reconciled in one place.
Toward eliminating reconciliation
Today, every party books, updates, and values its own version of a trade, then reconciles the differences. Float replaces those separate versions with one agreed set of data from trade capture to settlement, so reconciliation is reduced to genuine exceptions.
Trade capture and affirmation
Booking errors are caught when the trade is affirmed, not weeks later as a reconciliation break.
Lifecycle and cashflows
Cashflows are calculated from events both sides agreed, so payment breaks are resolved before settlement, not after.
Continuous improvement
Every break is tracked by counterparty, product, and root cause, so recurring issues are fixed at source and each month has fewer breaks than the last.
Your systems and agents
Breaks and their status are available over API, so Sterling or your own agents can follow them up.
Toward zero breaks
Start with real-time trade matching today, and reduce reconciliation to genuine exceptions as more of your workflow runs on Float.