Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Nick Moss, Trax

27330

GoldenSource integrates Trax reporting services

RELATED TOPICS​

GoldenSource has integrated Approved Reporting Mechanism (ARM) and Approved Publication Arrangement (APA) services from Trax, the post-trade services and European market data division of MarketAxess, to help banks and asset managers with their MiFID II reporting obligations.

The integration was developed in Q3 and Q4 of 2017, ahead of MiFID II go-live in January 2018. It means that firms who manage MiFID II reporting data through GoldenSource now have the option for the data to be automatically submitted to the Trax ARM or APA, helping ensure efficiency and reporting accuracy. In addition to helping manage the increased MiFID II reporting obligations, the solution is also scalable to serve as the operational basis for meeting the requirements of other regulations such as the Securities Financing Transactions Regulation (SFTR). SFTR is the latest big data collection exercise for the market, as intricate details behind a repo or margin loans now need to be captured and reported to an EU trade repository.
 
Volker Lainer, vice president of product management at GoldenSource, says: “What we are offering is a single way for market participants to meet their MiFID II reporting requirements in an efficient and consistent manner. While ESMA is expected to show a degree of leniency to those who scrambled to be ready for the January deadline, firms should be using this time to ensure their MiFID II capabilities are fully up to speed. Our platform can help smooth this process with a standardised approach which is also prepared for other regulations, such as SFTR.”
 
Nick Moss (pictured), head of product management at Trax, adds: “MiFID II brought significant operational change to the industry, covering a range of new reporting fields, capturing a broader set of asset classes and impacting a wider range of participants. Leveraging integrated solutions, such as the link between Trax and GoldenSource, can help firms streamline their operational processes and have greater control of their reporting integrity.”

Latest News

Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...
Research firm focused on Alternative UCITS funds, Kepler Absolute Hedge, has published its Market Intelligence..

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by