FlexTrade and TRAction have announced a new integration aimed at alleviating the “operational burden” of transaction reporting on the buy-side trading desk.
Through the new partnership, TRAction’s reporting platform and FlexTrade’s cloud-based EMS solution Spark have been integrated.
“The new Spark-TRAction partnership is another important step to ensure our clients have access to the market-leading solutions they need to tackle the most pertinent challenges they face today – in this case, regulatory reporting,” said Adi Prnjavorac, general manager at Spark EMS.
Users of the system can now carry out daily transaction reporting processes by automatically reporting their data through the TRAction platform in the appropriate format. Spark EMS users can also use TRAction for Emir, Mifir, ASIC, MAS and Canadian reporting.
The pair claim this direct integrated approach removes formerly manual tasks, reducing errors and improving quality.
“At TRAction, we understand that delegating your reporting should relieve your stress, not add to it,” said Quinn Perrott, co-CEO, TRAction. “That’s why our team aims to integrate with as many platforms as possible, with FlexTrade’s Spark EMS being the latest example.”