Thomson Reuters will provide its market and reference data to APA and ARM services at Trax, as well as the SI determination tool.
Trax and TORA have combined their services to help clients meet MiFID II trade and transaction reporting requirements.
Cboe’s Periodic Auction order book recorded trading volumes of €189.9 million on the first day of MiFID II.
Goldman Sachs, Investec Asset Management and Janus Henderson are among several institutions using Trax for reporting under MiFID II.
The Charles River Investment Management Solution has integrated Trax’s APA and ARM tools to meet reporting requirements.
Bloomberg, the London Stock Exchange Group, MarketAxess and NEX Group received approval to operate ARMs under MiFID II.
Trax APA users will have the choice to direct equity trades to Bats APA for post-trade reporting.
Integration aims to simplify trade transaction reporting under EMIR, MiFID and MiFID II.
Trax will begin testing for transaction reporting under MiFID II with the FCA as of summer this year.
Tool combines Trax’s reporting service with Droit Financial’s eligibility tool for EMIR derivatives regulatory requirements.