Solutions

MarketAxess and Trax are helping the industry to
comply with confidence across the full trade lifecycle

Transaction reporting

Vast reporting obligations capturing all market participants

 

With the implementation of MiFID II coming in January 2018, the complexity of transaction reporting, first introduced under MiFID I, will expand significantly. The obligation to transaction report under MiFID II will capture all market participants, including investors and dealers, requiring a broader scale and scope of reporting activity.

  • Scope of instruments captured by trade and transaction reporting obligation expands to include

     all “non-equities”

  • Pre-trade transparency requirement for liquid instruments
  • Transaction Reporting obligation captures all market participants (buy- and sell-side)
  • Required reporting fields increases from 23 (MiFID I) to 65 (MiFID II)

Multi-regulation, multi-asset class regulatory reporting solution

 

Trax Report is a multi-regulation, multi-asset class regulatory reporting solution designed for all market participants. Trax gives you better control of your reporting with:

  • Translation: extensive experience in consuming and formatting data to meet cross-asset class regulatory reporting obligations
  • Filtering: a rules engine powered by industry leading reference data to filter your raw transaction data leaving just MIFIR or EMIR reportable trades
  • Enrichment: reference data solutions to enrich reporting fields to include instrument, legal entity, natural persons and transparency data
  • Validation: intuitive exception management tools and validation to reduce regulatory risk
  • Visibility: quickly identify exceptions and data quality issues through the:
  • Trax Insight web-based front-end
  • Reconciliation: Facilitates automation of a client's reconciliation processes

Trax Report brochure

Learn how Trax helps clients to meet reporting obligations.

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