A day in a life of operations
How FGC TMS helps fixed income operations teams with custodian breaks and fails, trade reconciliation and P&L payouts, in real time.
Published September 4, 2026
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A fixed income operations professional's day is usually chaotic. You're chasing yesterday's broken trades while managing today's emergencies, but it doesn't have to be.
FGC TMS completely transforms three daily headaches. First up, custodian breaks and fails. Discovering issues used to mean digging through tangled spreadsheets, usually waiting until the very end of the day to spot a problem, but FGC TMS provides real-time clearing visibility, surfacing breaks the exact moment they happen.
Next, reconciliation. Manually matching trades meant spending hours cross-referencing records just to spot errors. FGC TMS automatically highlights the exact mismatch, whether it's price, quantity or a missing position. Best of all, you can take corrective action right inside the same tool.
Finally, P&L payouts. Calculating trader compensation manually creates constant friction and follow-ups. FGC TMS resolves this by breaking down P&L and expenses into three clear tiers. You see everything at the account, book and desk levels, ensuring everyone agrees on payouts.
Your operations team isn't inefficient, they were just held back by legacy tools built for end-of-day batch processing. Upgrading to real-time visibility is the true key to finally stopping the endless chase for exceptions.