The two firms have integrated their separate services to provide tailor-made solutions.
Cappitech, a provider of regulatory reporting technology, announced Thursday that it has teamed up with Trax, which also offers regulatory reporting services. Together, the two firms will provide a streamlined MiFID II transaction reporting service.
The collaboration aims to allow financial institutions to easily meet their MiFID II reporting requirements, including daily transaction reporting. This will be achieved by combining Cappitech’s regulatory reporting platform with the experience of Trax, the statement said.
Specifically, Trax will integrate with Cappitech’s Compliance technology Capptivate, a Software as a Service (SaaS) platform. This will allow the Regulation-focused firms to cater to non-standard and more complex clients as well as larger companies.
As can be expected, the new reporting requirements under MiFID II require financial institutions to provide large sets of data from multiple areas of their business. To help with this, the CapptivateTM technology will combine all the different trading files of a company into a single file which will be formatted by Trax. As a result, companies will have access to a tailor-made solution for their reporting needs.
Commenting on the partnership, Christopher Smith, Head of Trax said: “We’ve been working with Cappitech since MiFID I and our clients that use Cappitech’s technology to assist with their regulatory reporting have done so with great success. Our continued work with Cappitech will help firms navigate the complex regulatory reporting environment MiFID II has brought to the industry.”
Currently, Cappitech has numerous clients within the European Union (EU) which are spread across more than 10 National Competent Authorities (NCAs). With the partnership, Cappitech has chosen Trax as its Approved Reporting Mechanism (ARM). This means when submitting trades Trax will handle the NCA integrations. This will improve the reporting process for Cappitech’s customers to NCAs.
Customers of Cappitech Are Already Capitalizing on the Integration
Already, more than 40 of Cappitech’s customers are using the integrated technology. This includes German insurance company, Provinzial NordWest; Swiss bank, Swissquote and Irish broker, AvaTrade.
Ian Webb, the Head of Compliance at AvaTrade spoke about his company’s experience using the integrated technology: “Through Cappitech and Trax’s cooperation, we have been able to automate our MiFID II reporting to the Central Bank of Ireland. The solution also provides us with an easy to use portal to review reports and messages from the ARM and NCA.”
Ronen Kertis, the Founder and CEO of Cappitech added: “We are delighted to partner with Trax, a provider of best-in-class APA and ARM services, to offer our customers a comprehensive, secure and automated solution that allows them to streamline their MiFID II reporting and reduce operational risk and costs.
“The integration of the Cappitech and Trax offerings will enhance our mutual customers’ ability to both comply with regulatory reporting requirements and compete effectively in an increasingly competitive marketplace.”
Cappitech, a provider of regulatory reporting technology, announced Thursday that it has teamed up with Trax, which also offers regulatory reporting services. Together, the two firms will provide a streamlined MiFID II transaction reporting service.
The collaboration aims to allow financial institutions to easily meet their MiFID II reporting requirements, including daily transaction reporting. This will be achieved by combining Cappitech’s regulatory reporting platform with the experience of Trax, the statement said.
Specifically, Trax will integrate with Cappitech’s Compliance technology Capptivate, a Software as a Service (SaaS) platform. This will allow the Regulation-focused firms to cater to non-standard and more complex clients as well as larger companies.
As can be expected, the new reporting requirements under MiFID II require financial institutions to provide large sets of data from multiple areas of their business. To help with this, the CapptivateTM technology will combine all the different trading files of a company into a single file which will be formatted by Trax. As a result, companies will have access to a tailor-made solution for their reporting needs.
Commenting on the partnership, Christopher Smith, Head of Trax said: “We’ve been working with Cappitech since MiFID I and our clients that use Cappitech’s technology to assist with their regulatory reporting have done so with great success. Our continued work with Cappitech will help firms navigate the complex regulatory reporting environment MiFID II has brought to the industry.”
Currently, Cappitech has numerous clients within the European Union (EU) which are spread across more than 10 National Competent Authorities (NCAs). With the partnership, Cappitech has chosen Trax as its Approved Reporting Mechanism (ARM). This means when submitting trades Trax will handle the NCA integrations. This will improve the reporting process for Cappitech’s customers to NCAs.
Customers of Cappitech Are Already Capitalizing on the Integration
Already, more than 40 of Cappitech’s customers are using the integrated technology. This includes German insurance company, Provinzial NordWest; Swiss bank, Swissquote and Irish broker, AvaTrade.
Ian Webb, the Head of Compliance at AvaTrade spoke about his company’s experience using the integrated technology: “Through Cappitech and Trax’s cooperation, we have been able to automate our MiFID II reporting to the Central Bank of Ireland. The solution also provides us with an easy to use portal to review reports and messages from the ARM and NCA.”
Ronen Kertis, the Founder and CEO of Cappitech added: “We are delighted to partner with Trax, a provider of best-in-class APA and ARM services, to offer our customers a comprehensive, secure and automated solution that allows them to streamline their MiFID II reporting and reduce operational risk and costs.
“The integration of the Cappitech and Trax offerings will enhance our mutual customers’ ability to both comply with regulatory reporting requirements and compete effectively in an increasingly competitive marketplace.”
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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