TRAction and DXtrade integrate to streamline trade reporting for mutual clients.
TRAction, a leading provider of trade reporting solutions, and DXtrade, the flagship multi-asset trading platform from global software developer, Devexperts, have announced a new integration that enhances regulatory reporting for brokers and investment firms.
This integration allows trading data from DXtrade platforms to flow seamlessly into TRAction’s reporting systems, enabling mutual clients to meet their trade reporting obligations with greater accuracy and reduced manual intervention.
TRAction, which specialises in regulatory reporting to simplify compliance for asset managers, offers its clients a range of pre-built integrations with trading platforms to help minimise the manual processes involved in their ever-growing daily reporting obligations. These include the recent changes to requirements, such as EMIR Refit and the ASIC and MAS rewrites.
The integration between TRAction and DXtrade is designed to streamline trade data exchange for daily reporting purposes, minimising the need for client intervention. By automating the process and eliminating manual work, the integration ensures accurate and efficient reporting, enabling firms to meet their regulatory obligations seamlessly through TRAction’s solution.
The integration is now live and in production, with the first joint client of TRAction and DXtrade having successfully deployed the solution in recent weeks.
Quinn Perrott, co-CEO, TRAction, commented:
“We are pleased to announce our new integration with DXtrade, demonstrating our dedication to simplifying trade reporting. This partnership highlights our commitment to delivering seamless, compliant solutions for our clients that ease the reporting burden on teams, enabling them to focus more on client services and growth.”
“At Devexperts, we focus on giving brokers flexible technology that supports their business end-to end. Partnering with TRAction extends this philosophy, making it easier for firms to automate and simplify their regulatory process without compromising efficiency and accuracy.”
About TRAction
TRAction is already a major provider of regulatory reporting solutions globally, with over 800 firms across Europe, the UK, Australia, and Singapore already relying on its services.
TRAction is a full-service regulatory trade reporting business, with the following core services: 1. Data extraction and conversion to the trade repository format. 2. On-boarding and submission of trades to an approved trade repository or Approved Reporting Mechanism (ARM), and 3. Understanding the trade reporting rules and how they practically apply to firms.
Lear more: www.tractionfintech.com
About DXtrade
DXtrade, developed by Devexperts, is a leading suite of trading platforms designed for capital markets. Since 2002, Devexperts has specialised in building cutting-edge solutions for the financial industry, earning recognition as one of the most trusted and reliable software vendors worldwide. The DXtrade platform family includes DXtrade XT for listed securities and derivatives, DXtrade CFD for OTC asset classes, and DXtrade Crypto for digital assets.
