|
|
Afterprime has adopted the trade reporting integration by TRAction and PrimeXM, which is now operational. In recent weeks, the deployment of this integration has been observed with Afterprime adopting the solution, reflecting our collaborative efforts to enhance trade reporting capabilities and simplify the regulatory processes for our joint clients. A dedicated forex cloud solution, with stable and fast cross-border connections, is capable of meeting high-demand scenarios. Alibaba Cloud assists forex traders in operating securely globally. Click to learn more! Collaboration between TRAction and PrimeXM
TRAction, a recognized trade reporting solution provider, collaborates with technology provider PrimeXM to offer an integration aimed at facilitating enhanced trade reporting capabilities. This initiative is actively promoted to joint clients seeking to optimize their regulatory procedures.
Quinn Perrott, Co-CEO of TRAction, commented, "The new integration between TRAction and PrimeXM demonstrates our ongoing commitment to simplifying trade reporting. This collaboration highlights our dedication to providing companies with seamless, compliant solutions to alleviate their reporting burdens in the ever-evolving regulatory environment. We believe that this integration will help our clients improve the efficiency and effectiveness of their reporting obligations."
Afterprime, a global forex and CFD brokerage, will benefit from this integration. Its clients, utilizing platforms such as MetaTrader 4, TraderEvolution, and TradingView, will experience streamlined trade reporting processes and competitive pricing structures.
Complexity of Regulatory Reporting: "AI is helpful, but also brings a series of challenges"
Jeremy Kinstlinger, Co-founder of Afterprime, stated, "Afterprime is pleased to announce our integration with PrimeXM and TRAction. This collaboration makes our CySEC entity's establishment of EMIR and MiFIR reporting effortless, allowing us to continue focusing on providing top-tier pricing and excellent customer service."
TRAction's specialization in regulatory reporting, aimed at simplifying compliance for asset management companies, is underscored by a range of pre-built integrations with trading platforms. These integrations are designed to alleviate manual processes associated with ever-changing daily reporting obligations, including upcoming regulatory frameworks such as EMIR re-adjustment and upcoming ASIC and MAS rewrites.
Trade Reporting and Direct Data Retrieval
The latest integration directly retrieves data from PrimeXM, enabling accurate trade report submissions. This streamlines the reporting process, ensures accurate data submissions, and alleviates operational burdens associated with fulfilling current and emerging reporting obligations.
Clive Dielthelm, Founder of PrimeXM, commented, "PrimeXM and TRAction FinTech joining forces make everyone's regulatory reporting smoother. Our XCore trading technology provides easy access to trade data, helping clients like Afterprime navigate regulatory reporting with ease. |
|
Post time 27-2-2024 12:25:22