TRAction Integrated Reporting Solution with cTrader to Simplify Reporting Process

TRAction, a provider of trade reporting solutions, has announced a new integration between its reporting platform and Spotware's cTrader, a multi-asset FX and CFD trading platform. This integration is a response to the increasing regulatory focus on data quality and aims to simplify the reporting process, ensure accurate data submission, and reduce the operational burden associated with reporting requirements.

With this integration, firms using the cTrader platform can seamlessly conduct their daily transaction reporting processes by allowing TRAction to automatically extract, convert, enrich, and report their data in the required format. This direct connection between cTrader and TRAction eliminates the need for manual data collection, reducing the likelihood of errors and improving the quality of daily reporting.

The integration between TRAction and Spotware's cTrader is already live and in production, with the first joint client of TRAction and cTrader implementing the solution in recent weeks. Existing clients can also transition to using the integration if they are already using cTrader or plan to do so in the future.

Quinn Perrott, co-CEO, TRAction, commented: “To meet regulatory obligations, it is now crucial for firms to work with specialised technology partners to share the burden of implementing complex requirements. If you’re considering outsourcing your transaction reporting to TRAction, you may be wondering if they can integrate with your trading platform. At TRAction, we understand that delegating your transaction reporting should relieve your stress, not add to it. TRAction works to integrate with as many platforms as possible, including Spotware’s cTrader.” 

Spotware’s CEO, Ilia Iarovitcyn, stated: “When it comes to our brokers, we fully acknowledge the importance of reporting. This is exactly why we are happy to provide our Reporting API to all clients free of charge. We also remain open to integrations and development work with other solution providers like TRAction that help make brokerage operations more convenient.”