TRAction and DXtrade have connected their systems to automate trade reporting for CFD brokers using both services, the companies said today (Monday).
The integration sends trading data from DXtrade platforms directly into TRAction's reporting infrastructure. Firms using both systems can now file regulatory reports without manually transferring information between platforms.
TRAction and DXtrade Link Trade Reporting Systems
According to the companies, the connection eliminates steps that previously required human intervention. Trading activity recorded on DXtrade platforms flows automatically to TRAction's systems, which format the data according to regulatory specifications and submit reports to approved repositories.
The press release sent to FinanceMagnates.com claims that one unnamed CFD broker has deployed the integrated system in recent weeks. The setup is now available to other firms using both services.
- TRAction to Handle ASIC Compliance for This $35.9 Billion Manager
- iSAM Securities’ Liquidity Bridge Integrates TRAction’s Reporting Platform
- Afterprime Adopts TRAction and PrimeXM's Trade Reporting Integration
"We are pleased to announce our new integration with DXtrade, demonstrating our dedication to simplifying trade reporting," said Quinn Perrott, co-CEO at TRAction. "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."
This is another recent partnership between TRAction and a technology firm from the CFD industry, following its July collaboration with Tools for Brokers (TFB), which integrated automated regulatory reporting directly into the Trade Processor platform to simplify compliance for brokers and financial institutions.
Regulatory reporting requirements have expanded in multiple jurisdictions. European markets implemented EMIR Refit changes, while Australian and Singaporean regulators rewrote their frameworks. TRAction has built connections to various trading platforms to help clients manage these obligations .
Platform Compatibility
DXtrade offers three versions of its platform. DXtrade XT handles listed securities and derivatives, DXtrade CFD covers over-the-counter asset classes, and DXtrade Crypto supports digital assets. The TRAction integration works across all these platforms.
"At Devexperts, we focus on giving brokers flexible technology that supports their business end-to-end,” Jon Light, Senior Director of Product Management at Devexperts, said. “Partnering with TRAction extends this philosophy, making it easier for firms to automate and simplify their regulatory process without compromising efficiency and accuracy."
TRAction provides reporting services to more than 800 investment firms across Europe, the UK, Australia and Singapore. The company handles data conversion, submission to trade repositories, and helps clients interpret reporting requirements.
DXtrade, built by software developer Devexperts, operates trading platforms for listed securities, over-the-counter derivatives and digital assets. The company has developed financial software since 2002.
Two weeks ago, Devexperts announced another partnership, incorporating oneZero’s Market Analytics tools into its charting solution. The integration enables traders and brokers to access near real-time pattern recognition and technical signals powered by Autochartist.