Abstract: The present intention relates to techniques for handling trades, and in particular to a data processing system for handling a trade between execution and settlement of the trade, a trade handling system for handling a trade executed at a trading location, and a data processing system and method for processing trade execution data relating to an executed trade. According to one aspect, the invention provides a data processing system for handling a trade between execution and settlement of the trade, comprising a data input unit for receiving trade execution data relating to an executed trade; a data processing unit adapted to generate settlement instructions for the executed trade based on the trade execution data; and a data output unit for outputting the generated settlement instructions.