TRAction and PrimeXM's have completed their latest integration, which is now live and in production. The deployment of this integration, observed in recent weeks with Afterprime's adoption of the solution, reflects a concerted effort to enhance trade reporting capabilities and streamline regulatory processes for joint clients.

Collaboration between TRAction and PrimeXM

TRAction, recognized as a provider of trade reporting solutions, has collaborated with PrimeXM, a technology provider, to deliver an integration aimed at facilitating enhanced trade reporting functionalities. This initiative is actively being rolled out to joint clients seeking to optimize their regulatory procedures.

Quinn Perrott, the Co-CEO at TRAction, commented: “TRAction’s new integration with PrimeXM is a testament to our ongoing commitment to simplifying trade reporting. This collaboration highlights our dedication to providing firms with seamless, compliant solutions, easing their reporting burdens in an ever-evolving regulatory landscape. We believe this integration will aid our clients in navigating their reporting obligations efficiency and accurately.”

Afterprime, a global forex and CFD broker, stands to benefit from this integration. Its clientele, leveraging platforms such as MetaTrader 4, TraderEvolution, and TradingView, will experience streamlined trade reporting procedures alongside competitive pricing structures.

Jeremy Kinstlinger, the Co-Founder of Afterprime, said: "Afterprime is happy to announce our integration with PrimeXM and TRAction. This collaboration has made setting up EMIR and MIFIR reporting for our CySEC entity a breeze, allowing us to maintain our focus on providing best-in-class pricing and top-notch customer service."

TRAction's specialization in regulatory reporting, designed to simplify compliance for asset managers, is underscored by a range of pre-built integrations with trading platforms. These integrations aim to mitigate manual processes associated with evolving daily reporting obligations, including upcoming regulatory frameworks such as the EMIR Refit, as well as forthcoming ASIC and MAS rewrites.

Trade Reporting and Direct Data Retrieval

The latest integration retrieves data directly from PrimeXM, empowering accurate trade reporting submissions. This simplifies reporting procedures, ensures precise data submission, and alleviates operational burdens associated with fulfilling current and emerging reporting obligations.

"PrimeXM and TRAction FinTech have come together to make regulatory reporting smoother for everyone. Our XCore trading technology provides easy and open access to trade data, helping clients like Afterprime navigate regulatory reporting with ease," Clive Dielthelm, PrimeXM’s Founder, commented.