The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

TORA Partners Trax to Support MiFID II Trade and Transaction Reporting

TORA has extended its provision of MiFID II solutions through a partnership with Trax, the European market data division of MarketAxess. The partnership will combine TORA’s order and execution management system (OEMS) with the Trax regulatory reporting engine to provide users with straight through processing for the trade and transaction reporting requirements of MiFID II.

Chris Jenkins, managing director of TORA, says: “To keep pace with the changing regulatory landscape, buy-side firms need trading technology that can be easily integrated with other solutions. Trax adds to our expanding MiFID II Approved Reporting Mechanism (ARM) and Approved Publication Arrangement (APA) partner ecosystem and offers our clients a simplified trading and reporting workflow.”

Nick Moss, head of product management at Trax Post-Trade, adds: “The trade and transaction reporting obligations of MiFID II have brought increased operational complexity to a wide range of participants. Trax is committed to working with OEMS providers, such as TORA, to help reporting firms streamline their processes and reduce risks.”

TORA’s partnership with Trax expands its MiFID II product line covering best execution, regulatory reporting and commission management.

Related content

WEBINAR

Recorded Webinar: FINRA CAT CAIS: What to Expect – Giving Regulators Full Access to Your Customer & Account Data

Join n-Tier and a panel of industry experts to discuss implications of the SEC’s Consolidated Audit Trail (CAT) Customer & Account Information System (CAIS) Phase 2e. The initial phase of CAIS was the start of a new era for broker-dealer Onboarding and Account Management teams, turning customer and account reference data into a daily regulatory...

BLOG

ION Acquires Clarus Financial Technology to Offer Margin and Risk Management for OTC Derivatives

Trading, analytics, and risk management solutions vendor ION Markets has acquired Clarus Financial Technology, a provider of SaaS analytics, data, and research for global derivatives markets, for an undisclosed sum. The acquisition will broaden ION’s XTP offering and complement ION’s JANUS pricing and valuation expertise with Clarus’s SaaS analytics products for real-time margin and risk...

EVENT

RegTech Summit Virtual (Redirected)

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...