Today's FCA authorization opens up new opportunities for Trax's offering as MiFID II looms.
Regulatory reporting specialist Trax was today approved by the UK’s Financial Conduct Authority as an Approved Publication Arrangement (APA). The authorization helps ramp up Trax’s effort to offer a compliant MiFID II solution, given its eventual implementation on January 3, 2017.
The authorization also helps address key compliance measures with Trax Transparency Solution, and by extension the APA, being available on the Trax Insight platform. The Trax Insight platform presently includes a wide range of customizable, web-based operational tools. These help manage and monitor the status of reporting activity via a single interface.
Christophe Roupie, Head of Europe and Asia, MarketAxess and Trax, commented: “I’m thrilled that the FCA has granted Trax approval to become one of the first MiFID II APAs. Our expert team has worked diligently with market participants and regulators to help the industry analyse the impact of Regulation and ultimately build superior tools for our clients.”
“Our unique combination of both transparency and transaction reporting services as well as our substantial buy- and sell-side community sets the Trax offering apart from anything available in the market today," he added.
The approval as an APA by the FCA will be important in helping clients take advantage of Trax’s pre- and post-trade transparency solutions, including quote publication, Systematic Internaliser (SI) determination and instrument Liquidity classification. To date, Trax already operated as an Approved Reporting Mechanism (ARM) under MiFID I, with today’s approval helping expand its services suite.
“Trax has a long history of being at the forefront of improving operational efficiencies and reducing regulatory risk. To help firms better manage these risks, the Trax Insight system has been helping buy- and sell-side firms actively test their readiness for MiFID II trade and transaction reporting since November 2016, well ahead of the MiFID II implementation date of 3rd January 2018,” noted Geoffroy Vander Linden, Head of Transparency Solutions, Trax.
The approval mirrors that of other institutional venues which have gained authorization for their MiFID II solutions. The news comes with parallel authorizations granted for NEX Regulatory Reporting and Bloomberg. Venues are collectively seeking to strengthen their solutions suite while also setting up for a MiFID II-compliant ARM.
Regulatory reporting specialist Trax was today approved by the UK’s Financial Conduct Authority as an Approved Publication Arrangement (APA). The authorization helps ramp up Trax’s effort to offer a compliant MiFID II solution, given its eventual implementation on January 3, 2017.
The authorization also helps address key compliance measures with Trax Transparency Solution, and by extension the APA, being available on the Trax Insight platform. The Trax Insight platform presently includes a wide range of customizable, web-based operational tools. These help manage and monitor the status of reporting activity via a single interface.
Christophe Roupie, Head of Europe and Asia, MarketAxess and Trax, commented: “I’m thrilled that the FCA has granted Trax approval to become one of the first MiFID II APAs. Our expert team has worked diligently with market participants and regulators to help the industry analyse the impact of Regulation and ultimately build superior tools for our clients.”
“Our unique combination of both transparency and transaction reporting services as well as our substantial buy- and sell-side community sets the Trax offering apart from anything available in the market today," he added.
The approval as an APA by the FCA will be important in helping clients take advantage of Trax’s pre- and post-trade transparency solutions, including quote publication, Systematic Internaliser (SI) determination and instrument Liquidity classification. To date, Trax already operated as an Approved Reporting Mechanism (ARM) under MiFID I, with today’s approval helping expand its services suite.
“Trax has a long history of being at the forefront of improving operational efficiencies and reducing regulatory risk. To help firms better manage these risks, the Trax Insight system has been helping buy- and sell-side firms actively test their readiness for MiFID II trade and transaction reporting since November 2016, well ahead of the MiFID II implementation date of 3rd January 2018,” noted Geoffroy Vander Linden, Head of Transparency Solutions, Trax.
The approval mirrors that of other institutional venues which have gained authorization for their MiFID II solutions. The news comes with parallel authorizations granted for NEX Regulatory Reporting and Bloomberg. Venues are collectively seeking to strengthen their solutions suite while also setting up for a MiFID II-compliant ARM.
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.
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
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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!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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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
📣 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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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
📣 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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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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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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