Trade Confirmation

Trade Confirmation – An electronic receipt from the broker confirming that an order has been executed (filled). It details the trade specifics (symbol, volume, direction, price, time, etc.), verifying the transaction. In automated trading, the confirmation may be a callback or an object (e.g. ExecutionReport or TradeResult in APIs) returned upon execution. Robots use trade confirmations to log fills, update positions, and compute performance. In essence, a trade confirmation (also called a “fill” notification) tells the robot that the order was completed in whole or in part.

⬅ Robots Glossary