Trade Workflow Automation

Definition ∞ Trade workflow automation involves using technology to streamline and automate the various steps within a trading process, from order placement to settlement. This includes automating tasks such as order routing, execution, confirmation, and record-keeping. The goal is to reduce manual errors, increase processing speed, and enhance operational efficiency. It applies to both traditional and digital asset markets.
Context ∞ In the digital asset space, trade workflow automation is a critical area of development, often featured in news reports concerning institutional trading platforms and decentralized exchanges. Discussions focus on how smart contracts and blockchain technology can natively automate many aspects of the trading lifecycle. This automation is seen as essential for scaling crypto markets and attracting greater institutional participation.