TRAX is the one-stop trade matching and regulatory reporting system.

Operating since 1989, TRAX has been developed in conjunction with community members and market users and is an extremely effective operational risk management tool.

TRAX has over 200 subscribers and processed over 847 million transactions in 2010.

TRAX – the ideal trade matching solution

TRAX is designed to be extremely flexible, MiFID-focused and offers significantly enhanced repo matching to users for the first time. Benefit from:

• Real-time trade matching and reporting of bonds, equities and derivatives (CFDs, futures, options and more)
• Real-time exchange of standing settlement instructions between counterparties
• Rapid identification of problem trades and greatly reduced failed trades

Minimise your risk exposure

Allowing your organisation to minimise its operational risk exposure, TRAX also offers:

• STP for settlement at Euroclear Bank
• Excellent return on investment by reducing back office, settlement and processing costs
• Highly competitive transaction costs
• Internet connectivity, allowing for simple and cost-effective access
• Regulatory reporting to facilitate MiFID Article 25
• ISO 15022/20022 messaging allowing for easy systems integration