TRAction Integrates with PrimeXM for Efficient Data Extraction and Trade Reporting

TRAction FinTech, a leading provider of trade reporting solutions and PrimeXM, an award-winning technology provider, have deployed the new integration for enhanced trade reporting in recent weeks and are rolling this out to their joint clients who would like to streamline their regulatory processes.

Afterprime, a global forex and CFD broker, has deployed the integrated solution.  

The latest integration smoothly retrieves data directly from PrimeXM, enabling accurate trade reporting submissions. This effort will simplify the reporting procedure, guarantee precise data submission, and alleviate the operational load linked to fulfilling current and new reporting obligations.

Quinn Perrott, co-CEO at TRAction, commented, "TRAction's new integration with PrimeXM is a testament to our ongoing commitment to simplifying trade reporting. This collaboration highlights our dedication to providing firms with seamless, compliant solutions, easing their reporting burdens in an ever-evolving regulatory landscape. We believe this integration will aid our clients in navigating their reporting obligations efficiency and accurately."

Clive Dielthelm, PrimeXM's founder, commented, "PrimeXM and TRAction FinTech have come together to make regulatory reporting smoother for everyone. Our XCore trading technology provides easy and open access to trade data, helping clients like Afterprime navigate regulatory reporting with ease."

Jeremy Kinstlinger, co-Founder of Afterprime, commented, "Afterprime is happy to announce our integration with PrimeXM and TRAction. This collaboration has made setting up EMIR and MIFIR reporting for our CySEC entity a breeze, allowing us to maintain our focus on providing best-in-class pricing and top-notch customer service."

Last month, Fortune Prime Global​, a CFD and forex broker holding an AFSL, has partnered with TRAction, to assist its compliance with Australian ASIC OTC derivative reporting regulations.