Step 3 - Execution & Settlement

BFS Version: 1.X

Typically the next step is the execution report, which details the execution price of the order. The execution report can be received automatically by BFS if the execution interface supports this type of communication but can be inputted manually as well.

Before the daily settlement cut-off time, payment should be sent to the marketplace or received from the marketplace depending on if buy or sell orders were sent. To obtain the aggregated amount of cash that should be sent the user navigates to the External Orders-section and selects Fund Group Orders according to the video below.