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Definition of 'Blotter'

A blotter is a book or other device used to record financial transactions. It is typically used by traders and other financial professionals to keep track of their trades and to calculate their profits and losses.

Blotter systems can be manual or electronic. Manual blotters are typically paper-based, while electronic blotters are computer-based.

Manual blotters are typically used by smaller traders and businesses. They are relatively simple to use and can be customized to meet the specific needs of the user. However, manual blotters can be time-consuming to use, and they are not as secure as electronic blotters.

Electronic blotters are typically used by larger traders and businesses. They are more complex than manual blotters, but they offer a number of advantages, including increased speed, accuracy, and security. Electronic blotters can also be linked to other financial systems, such as trading platforms and accounting software.

Blotter systems are an essential tool for traders and other financial professionals. They help to keep track of transactions, calculate profits and losses, and identify potential risks.

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