REGULATION

Charles River picks Trax for MiFID II reporting

The Charles River Investment Management Solution has integrated Trax’s APA and ARM tools to meet reporting requirements.

By Hayley McDowell hayley.mcdowell@strategic-i.com October 05, 2017 10:04 AM GMT

Charles River Development has integrated Trax’s trade and transaction reporting tools within its investment management solution ahead of MiFID II.

The deal means mutual clients of both firms will be able to use the Trax approved publication arrangements (APA) to publish trade reports and approved reporting mechanism (ARM) for transaction reporting.

Peter Lambertus, CEO at Charles River, explained the firm’s partnerships with APAs and ARMs makes it easier for clients to meet MiFID II reporting requirements.

Head of Trax, Chris Smith, added regulatory changes will impact all areas of the trade lifecycle and the combined service will help clients comply with transparency and reporting requirements.

“The integration of the two services will enable clients to streamline operations and reduce the technical burden of regulatory reporting by having a single reporting connection,” he said.

The Financial Conduct Authority recently granted ARM and APA status to several major financial services firms including Trax, Bloomberg, the London Stock Exchange and NEX Group.

Those granted approval will be able to offer complete reporting solutions to clients ahead of MiFID II’s trade and transaction requirements.