Xtrakter’s TRAX service is the leading transaction reporting tool for the capital markets.
TRAX transaction reporting is compliant with the most recent extensions of the Market in Financial Instruments Directive (MiFID). It includes support for the European Securities and Markets Authority’s Alternative Instrument Identifier (AII).
Single reporting hub
TRAX is a one-stop regulatory reporting solution, providing a cost-effective means for firms to comply with transaction reporting obligations.
As TRAX can be integrated with multiple trading applications within a firm, you can use it as a single channel to multiple regulatory authorities.
You can easily add or change trading systems with the assurance that TRAX will report each transaction to the appropriate authority in accordance with their individual submissions formats and validation rules.
Fully MiFID-compliant ARM
In accordance with article 25 of MiFID, TRAX has been awarded Approved Reporting Mechanism (ARM) status 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)
Flexible reporting solution
Designed with high-volume users in mind, TRAX:
- Supports multiple proprietary and ISO standard transaction formats, reducing integration risk and investment costs
- Supports all mandated reporting instruments, including AIIs for derivative reporting
- Adheres to current standards and requirements of both the EU directives and local authority policies
With extra data fields and flexible messaging formats, we can respond quickly to the increased reporting requirements of regulators around Europe.