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

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Data Readiness is No Longer Optional for Banks

By Stuart Harvey, Chief Executive of Datactics. In a landscape marked by increasing regulatory scrutiny and accelerating digital change, data has long since shed its role as a by-product of banking operations and is now a critical strategic asset. The speed at which institutions must demonstrate data integrity, quality, and accessibility has made compliance not...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...