Challenge
A $2B hedge fund was spending 40 hours weekly on manual trade reconciliation across 5 prime brokers. The operations team struggled with:
• Discrepancies between prime broker statements and internal records
• Time-consuming manual matching of trades, positions, and cash balances
• Delayed reporting due to reconciliation bottlenecks
• High risk of errors in critical financial data
Solution
ThetaSeek implemented an AI-powered trade reconciliation system that:
• Automatically connects to all 5 prime broker APIs
• Matches trades, positions, and cash in real-time
• Flags discrepancies for human review
• Generates reconciliation reports automatically
Results
• 90% reduction in reconciliation time: From 40 hours to 4 hours weekly
• 99.9% accuracy in trade matching
• Real-time visibility into all positions across prime brokers
• Operations team freed to focus on strategic initiatives
• Reduced operational risk through automated error detection
The fund now has complete confidence in their trade data and can make faster investment decisions.