All books

Professional

Apps About Coach Log in Start reading

Quantitative Finance · Glossary

What is Flash-to-final walk?

Definition 15.2 The Desk and the Firm · Chapter 15 — Finance, Product Control and Tax

The flash-to-final walk splits the difference between the final and the flash P&L into categories that each have an owner: market moves after the flash marks, trades booked after the cut-off, fees and commissions, and valuation adjustments from independent price verification and reserves. Whatever the categories do not explain is reported as unexplained.

Read in context →