Transaction reporting has come under greater scrutiny from regulators in recent years. It is therefore important that you can demonstrate that you have adequate systems and controls in place to monitor your reporting.
Xtrakter's TRAX Dashboard gives you intra-day reconciliation of the transactions you report to the UK Financial Conduct Authority (FCA) via your internet browser.
Transaction monitoring made easy
The TRAX Dashboard allows you to reconcile the reporting status of any FCA-reported transactions that you submitted to us via TRAX or FTS. It gives you enhanced visibility and control of your trades through:
- Full trade life cycle management – monitor each step of the transaction reporting life cycle on an intra-day basis, from the moment you send your transactions to Xtrakter until the response is received from the FCA
- Exception management tools – identify all exceptions and retrieve the root cause of each pending or rejected transaction, at parent company and at entity level
- Greater regulatory compliance – in accordance with FCA Market Watch 29 and SUP 17.3.6(G), the TRAX Dashboard has been designed to assist firms in meeting control and oversight obligations, providing appropriate information on a regular basis
- Management information – get a quick overview of the reporting status of all transactions sent to the FCA. Easily view key monitoring metrics, reporting efficiency and trend analysis, at parent company and at entity level
Extensive, flexible search and export options
An intuitive interface offers a choice of customisation and sort options to suit your specific monitoring needs.
TRAX Dashboard phase 1: Termination of Service
Reminder to all Dashboard Phase 1 users; following the successful launch of Xtrakter’s enhanced TRAX Dashboard, Phase 1 will be decommissioned on 23 March 2013.
Xtrakter are currently in the process of migrating all phase 1 users across to the enhanced service. As has previously been outlined, all users are entitled to a free one month trial on the new product. To ensure the maximum possible period of parallel testing and running, firms will need to enable this trial by 23rd February 2013.