Xtrakter provides the leading regulatory reporting tool for the capital market via TRAX.

TRAX Regulatory Reporting provides a cost-effective means for subscribers to comply with transaction reporting obligations.

Each subscriber can be configured to enable details of transactions in relevant securities to be transmitted automatically. Trade reporting to one or more regulators/competent authorities is already available at no additional cost for subscribers to the full, matching services.

TRAX has been awarded Approved Reporting Mechanism (ARM) status in accordance with Article 25 of the Markets In Financial Instruments Directive (MiFID) by the following competent authorities:

•  Financial Services Authority (FSA) of the United Kingdom
•  Autorité Des Marchés Financiers (AMF) of France
•  Authority for the Financial Markets (AFM) of the Netherlands
•  National Bank of Belgium (NBB)

Extra data fields and flexible messaging formats mean TRAX Regulatory Reporting is ready to respond quickly to increased reporting requirements of regulators around Europe as the MiFID legislation is enacted in national markets.

TRAX reporting is designed with high volume users in mind it is the ideal reporting solution offering:

•  Regulatory reporting hub to facilitate MiFID Article 25
•  Real time trade matching and reporting of bonds, derivatives and equities
•  Real time exchange of standing settlement instructions