ScopeXTOR --:-- · Market hours
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Capital markets runon details.We sweat them.

We're a small consultancy in Canada for banks and investment firms. We take trade, market-data and reporting change and turn it into requirements your developers can build from and data your regulators can trust.

Book a discovery callWhat we do
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A day in the life of a trade

Seven hand-offs between a price and a regulator. Every one can break.

01 of 07

Pre‑trade

Before anyone hits buy, the price, the identifiers and the entitlement all have to be right.

BUY 25,000 XYZ @ 101.42PX 101.42 · ISIN / FIGI / RIC lookup ✓
What breaks
Stale reference data or an expired entitlement lets the wrong economics into the order.
How we fix it
Validate source precedence, symbology, eligibility and critical reference fields before capture.
02 of 07

Execution

The order goes out as a FIX message. The fill comes back. Partial fills have to add up.

BUY 25,000 XYZ @ 101.42FIX 35=D NewOrderSingle → 35=8 ExecutionReport
What breaks
Order and execution identifiers diverge; partial fills do not reconcile to the parent order.
How we fix it
Specify field mappings, execution-state transitions and duplicate / partial-fill controls.
03 of 07

Allocation

One block, three accounts. The splits must balance and every account needs instructions.

BUY 25,000 XYZ @ 101.4225,000 shares → A:10,000 / B:8,000 / C:7,000
What breaks
Account splits do not balance, or a standing settlement instruction is missing.
How we fix it
Apply quantity and notional tolerances, account eligibility and owned exception queues.
04 of 07

Confirmation

Both sides agree on what was actually traded. Equities through DTCC, swaps through MarkitWire.

BUY 25,000 XYZ @ 101.42DTCC CTM · economics affirmed ✓IRS · MarkitWire · economic terms confirmed ✓
What breaks
Economic terms differ between the booked trade and the counterparty confirmation.
How we fix it
Define product-level term validation, confirmation ownership and escalation cut-offs.
05 of 07

Matching

Our side and their side, compared field by field. This is where the 6pm calls start.

BUY 25,000 XYZ @ 101.42MATCHED · quantity / price / date ✓IRS · MATCHED · schedule / day count / UTI ✓BREAK · counterparty settle date T+2 vs ours T+1
What breaks
Counterparty economics or settlement dates fail matching tolerances.
How we fix it
Normalize identifiers, agree tolerances and route unmatched items to an accountable owner.
06 of 07

Settlement

Cash and securities move. Miss the cut-off and you have a fail on your hands.

BUY 25,000 XYZ @ 101.42SWIFT MT541 · receive against payment · T+1
What breaks
A missing instruction, funding gap or missed cut-off creates a settlement fail.
How we fix it
Validate standing instructions, funding and cut-offs; monitor acknowledgements and fails.
07 of 07

Reporting

The regulator gets a complete, on-time, traceable report. Every field, every time.

BUY 25,000 XYZ @ 101.42Jurisdiction eligibility ✓ · DQ completeness ✓IRS · EMIR / Dodd-Frank · UTI / LEI / DQ ✓
What breaks
A late report or an incomplete source-to-report field creates regulatory risk.
How we fix it
Build traceable mappings, completeness checks, reconciliation and evidence for sign-off.

Synthetic trades for illustration. No live transactions.

Four mandates our people have carried, start to finish.

Read the full case studies
Candlestick chart glowing on a dark trading screen
2M+daily records governed

Market data governance & AI enablement

Six governed domains, with no onboarding rollbacks.

Tier-one global bank
Close-up of a price chart and order ladder on a monitor
3business units aligned

Market data platform onboarding & licensing

Duplicate licensing costs removed across three business units.

Tier-one global bank
A team working through sticky notes on a whiteboard
500+advisors supported

Advisor platform data integration

On-time delivery in nine months with zero post-release defects.

Global investment bank
A hand placing notes on a process map on a whiteboard
98%key data flows tested

CRM data platform & regulatory reporting

Clean go-live across four regional offices.

Canadian insurer

Engagements delivered by our consultants in prior roles; client identities withheld.

Six things we're properly good at.

Pick the one that keeps you up at night. Each comes with named deliverables and someone senior who owns them.

  1. Trade lifecycle change, front to backFrom pre-trade data to settlement, specified without ambiguity.
  2. Market data platforms & vendorsKnow what you license, who uses it, and what it costs.
  3. Data governance & qualityControls your auditors and your analysts can both trust.
  4. Regulatory & reporting dataReporting data that reconciles before regulators ask.
  5. Requirements, UAT & delivery assuranceFrom workshop to signed-off release, fully traceable.
  6. AI-ready data & automationClean, governed data before the model, not after.
Colleagues talking through a problem around a laptop

Small team.Senior people.No hand‑offs to juniors.

We've sat in the 6pm break calls. We'd rather fix the reason they happen.

The person who scopes your work is the person who does it. Our lead has 10+ years of front-to-back capital-markets analysis at tier-one financial institutions, and we bring in vetted specialists only when the work needs them.

How we're set up

Learn capital marketsfrom people who do it.From anywhere.

ScopeX Academy teaches the trade lifecycle, market data, SQL and the BA toolkit, live online and across time zones. No finance background needed.

Visit the Academy

Got a change thatcan't afford to go wrong?

Thirty minutes, one conversation about the problem. No pitch deck, no junior sent along to take notes.

Book a discovery callhello@scopexconsulting.com