Q:I don’t quite understand what an unmatched trade is.  Can you please explain?


Sure,TradeMax use matched Trades to calculate capital gain&loss.(Long/CloseLong)(Short/CloseShort)

If TradeMax reports an Unmatched Trade in the Scan Information tab(part 4), this means you can close some securities, but you do not have any open position.

Unmatched Trades may be caused by 3 conditions:
1) You do not have FY2011’s Baseline (Baseline position is the holding open position from the previous tax year).

This can be rectified by importing the Baseline function or by manually enter the Baseline one at a time.
http://www.itrademax.com/ipress/detailed-instructions/enter-baseline-positions/enter-baseline-positions.htm

2) The Trade sequence is wrong
Some times, Brokers will send one day’s trade sequence en masse, without proper chronological ordering, which will cause problems.
TradeMax allows you to adjust the sequence of the transaction records traded on the same day by moving each transaction up or down the records.
3) Some Corporate Events mightcause the unmatched Trade Error.
In-built functions like the Stock Split, Merge or the Spin-off Action will help you change the stock quantity.

For example, these are some Unmatched Transactions that can be found in a database.


Clicking on the ‘Unmatched Quantity’ (highlighted in blue), will trigger TradeMax to move the transaction to the Unmatched Records.
case 1(172967101)

This error may be caused by missing Baseline Positions. (You should have 17296710’s Baseline Position on FY2011)

You can use the Import Baseline function or manually enter the Baseline one by one.

In this case, please make note of the Split Event, since if the Sell Stock is implemented after the Split Event, TradeMax will split it 1 to 10.
Whereas, if Sell Stock is before the Split Event, you must use the Move Up function to adjust 1251 and 1376’s sequence.

Case 2(EEM)

In this case, EEM has a “Div Event” on 2011-01-05 and has the Close/Long action on 2011-02-26, which implies there may be a Baseline Position error.Please check your Monthly Broker Statement.

Case 3 (F)

If you do not have enough stock, executing a Close action will cause an Unmatched Error.
In this case, 2400 shares were bought, whereas 2410 are to be sold, which is not possible. Hence TradeMax give you a warning.
Please check the trade history (Income reinvestment can help add 10 shares and thus avoid the error).

Case 4

In this case , the Trade sequence is wrong. Sometimes, Brokers  submit one day’s trade sequence without time ordering it and this will cause the problem.
If your Broker’s Trade History provides a Trade Time column, you can import it into TradeMax and it will automatically sort the sequence by the Trade Time.
Alternately, TradeMax allows you to adjust the sequence of the transaction records by moving up or moving down  each transaction. (Select record[134] and use the Move Down function to move it under record[136])

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Red records which indicate the Error Transactions occur under the following conditions:

a. When there is no position on hold, and a Close action(Sale to Close, Buy to Cover) is exercised.
TradeMax allows to adjust the sequence of the transaction traded on the same day by moving a transaction record up or down.

b. When an option is exercised or assigned and the strike price of the option does not match the underlying stock trade price.
c. When an option is exercised or assigned and the quantity of the option does not match the underlying stock trade quantity .
d. When the option expires and the Close Price is not zero.
e. If there are Missing/Inconsistent Data fields while using Qty, Price, Commission, Fees and Rate datafield in an operation.

Green records indicate closed transactions which closed (via a Sale to Close or a Buy to Cover) all your holding open positions.

A .Dealing with this wrong transaction is a simple importing process. Activate the checkbox of Short Transaction Detectionand BuyCover&long /SellClose&short Trans Detection, and run a Reverse Same Day Transaction. Use Up or Down button to adjust the sequence of the trades or adjust the action. Use Quantity to correct any errors according to the cause and nature of the unmatched trades.

B. While Dealing with the wrong Transactions in Trade Grid, manually adjust the action, quantity and sequence of the trades to correct these errors.