Run Trade Allocation Fairness Review Worksheet — Free

Review Scope and Trade Identification

Review period and sample set are documented

Record the date range, number of block trades reviewed, and sampling method used.

Trade blotter, allocation blotter, and order records are available critical (required)

Verify source records are complete enough to trace each block trade from execution to final allocation.

Yes No N/A

Eligible client accounts for each block trade are identified critical (required)

Confirm the universe of eligible accounts was defined before allocation decisions were made.

Yes No N/A

Allocation policy or SOP reference is documented

Enter the policy, procedure, or desk guidance governing trade allocation.

Allocation Method and Proportionality

Allocation method matches the approved policy critical (required)

Verify the method used (for example, pro rata, model-based, or rotation-based) matches the approved allocation rule for the strategy.

Yes No N/A

Allocations were completed using the same methodology for all eligible accounts critical (required)

Confirm no eligible account received a different treatment without a documented, approved exception.

Yes No N/A

Allocation percentages are consistent with order size and account eligibility

Check whether the final allocation percentages reasonably align with the intended methodology and account constraints.

Yes No N/A

Rounding differences are immaterial and consistently applied

Verify any rounding or minimum-lot adjustments were applied consistently and did not favor specific accounts.

Yes No N/A

Late or manual allocation changes are documented and approved critical (required)

Confirm any post-trade changes were authorized, time-stamped, and supported by a valid business reason.

Yes No N/A

Fair Dealing and Preferential Treatment Checks

No client account received a consistently favorable allocation pattern critical (required)

Review for repeated over-allocation, better fills, or systematic preference to any account or related group of accounts.

Yes No N/A

Pre-trade order entry time did not influence allocation unfairly

Confirm that any time priority, order aggregation, or internal queueing rules were applied consistently and in line with policy.

Yes No N/A

Restricted, proprietary, or employee accounts were not favored over client accounts critical (required)

Verify client accounts were not disadvantaged by allocations to proprietary, house, or affiliated accounts.

Yes No N/A

Any exceptions to standard allocation were independently reviewed

Confirm exceptions were reviewed by compliance or another independent reviewer and supported by documented rationale.

Yes No N/A

Documentation, Exceptions, and Corrective Actions

Exceptions and non-conformances are logged with trade identifiers critical (required)

Record each deficiency with the trade date, security, account(s) affected, and nature of the allocation issue.

Yes No N/A

Root cause analysis completed for any failed allocation review item

Document whether the issue was caused by process error, system logic, manual override, or policy gap.

Yes No N/A

Corrective action owner and due date are assigned

Enter the responsible person or team and the target completion date for remediation.

Follow-up monitoring is scheduled for repeat issues

Confirm a follow-up review or enhanced sampling plan is in place when repeated deficiencies are identified.

Yes No N/A

Review Sign-Off

Overall review result critical (required)

Select the final outcome of the fairness review.

Inspector comments

Summarize key findings, exceptions, and any material concerns about fairness or preferential treatment.

Inspector signature critical (required)

Signature of the reviewer completing the inspection.

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Run: Trade Allocation Fairness Review Worksheet

Review Scope and Trade Identification

Allocation Method and Proportionality

Fair Dealing and Preferential Treatment Checks

Documentation, Exceptions, and Corrective Actions

Review Sign-Off

Get your results