About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Xtrakter to Offer New FSA Reporting for Derivatives Trades

Subscribe to our newsletter

Xtrakter, a leading provider of capital market data, trade matching and regulatory reporting, is now reporting derivative transaction data for clients to the UK’s Financial Services Authority (FSA) using a newly implemented industry format – the Alternative Instrument Identifier (Aii).

In compliance with MiFID, the use of Aii for transaction reporting across Europe for derivatives admitted for trading on regulated markets will become compulsory for reporting to the FSA from 13 November 2011.

Using Xtrakter’s TRAX interface, which is an approved one-stop regulatory reporting solution, clients have a cost-effective means to comply with all of their transaction reporting obligations. By supporting both batched and real-time messaging, the TRAX platform has the flexibility to suit all client integration models.

Currently, TRAX enables its users to report derivatives transactions using Aii to the Dutch and French regulators, namely De Autoriteit Financiële Markten (AFM) of the Netherlands and Autorité Des Marchés Financiers (AMF) of France.

Yannic Weber, Chief Executive Officer of Xtrakter, commented: “Our close collaboration with clients, trade associations and national regulators has enabled us to jointly deliver an industry-accepted format tailored to the specifics of derivatives contracts. Use of the Aii format will drastically lower operational risks, in as much as clients will be greatly helped with their reconciliation of valid derivatives trades, with invalid reports automatically rejected before onward reporting.”

Weber continued: “Regulators across the globe have been demanding far greater levels of transparency around the composition of derivatives. The Aii format delivers this level of precision by providing the derivative type, trading venue, maturity, strike price, among other pertinent information within its scope. Moreover, firms availing of the new service will not run the risk of paying heavy fines as a result of non-compliant or erroneous reporting methods.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to organise, integrate and structure data for successful AI

25 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are...

BLOG

FCA Derivatives Trading Obligation: Why GRC Teams Should Watch Article 28a Closely

The FCA’s latest announcement on the UK derivatives trading obligation (DTO) landed quietly on July 17, but its impact is more than a short web statement. By invoking its brand-new power of direction under Article 28a of onshored MiFIR, the regulator has replaced the post Brexit Temporary Transitional Power (TTP) transitional regime with a standing...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...