These documents serve different purposes:
- The Trade Register is used to confirm trading orders submitted to the broker through alternative communication channels. Signing the Register confirms that these orders were submitted to the broker.
For example, the Register may show a limit order to buy one security at USD 215. This means that the order was submitted to the broker with those parameters. It does not mean that the security was necessarily purchased at USD 215 or that the trade was executed at all.
- The Broker Report shows the actual results of completed transactions. For more details, see “Broker Account Reports and Statements.”
Why Doesn’t the Trade Register Show the Execution Status?
The Trade Register is intended to confirm that an order was submitted to the broker. The execution result is outside the scope of the Register, so the execution status is not displayed.