TRAction Fintech has integrated with the Devexperts’ DXtrade platform, the two companies said on Monday morning. The partnership will speed up trade reporting for mutual clients of the two firms.
The integration enables trading data from DXtrade to flow directly into TRAction’s reporting systems, allowing mutual clients to meet regulatory reporting obligations with greater accuracy and less manual work.
The companies said the connection automates daily reporting processes and reduces client intervention under regimes such as EMIR Refit and the ASIC and MAS rewrites.
The companies said the integration is already live, with the first client already live and using TRActions solutions.
“We are pleased to announce our new integration with DXtrade, demonstrating our dedication to simplifying trade reporting,” said Quinn Perrott, co-CEO of 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.”
TRAction provides regulatory reporting services to more than 800 firms across Europe, the UK, Australia and Singapore. Its offering includes data extraction and conversion, onboarding and submission to trade repositories or Approved Reporting Mechanisms, and interpreting trade reporting rules.
