TRACTION And DXtrade Integrate To Streamline Trade Reporting For Mutual Clients

TRAction and DXtrade have launched a new integration aimed at simplifying regulatory trade reporting for brokers and investment firms using the DXtrade trading platform suite.

The link allows trading data from DXtrade platforms to feed directly into TRAction’s reporting systems, with the goal of improving accuracy and reducing the need for manual intervention in daily reporting workflows.

TRAction specialises in regulatory reporting services that support asset managers and other regulated firms in meeting their expanding obligations. The firm offers a range of pre-built integrations with trading platforms to minimise manual processes in response to evolving regulatory regimes, including recent changes such as EMIR Refit and the ASIC and MAS rewrites.

The integration is designed to streamline the exchange of trade data for daily reporting, reducing the need for client-side handling. By automating data flows and eliminating manual steps, the connection enables firms to meet their regulatory obligations through TRAction’s solution while maintaining operational efficiency.

The integration is already live, with the first mutual client of TRAction and DXtrade having deployed the setup in recent weeks.

Quinn Perrott, co-CEO at TRAction, said the collaboration is intended to ease the reporting load on regulated firms:

“We are pleased to announce our new integration with DXtrade, demonstrating our dedication to simplifying trade reporting. This partnership highlights our commitment to delivering seamless, compliant solutions for our clients that ease the reporting burden on teams, enabling them to focus more on client services and growth.”
— Quinn Perrott, co-CEO, TRAction

Quinn Perrott, co-CEO, TRAction

TRAction provides a full-service regulatory trade reporting offering, covering three main areas: extracting and converting client data into the formats required by trade repositories, onboarding and submitting trades to approved trade repositories or Approved Reporting Mechanisms (ARMs), and interpreting trade reporting rules and their practical application for firms. The company reports that more than 800 firms across Europe, the UK, Australia and Singapore currently use its services.

DXtrade is the multi-asset trading platform family developed by Devexperts, a long-standing software provider to the capital markets industry. The DXtrade suite includes DXtrade XT for listed securities and derivatives, DXtrade CFD for over-the-counter (OTC) asset classes, and DXtrade Crypto for digital assets.

Commenting on the partnership from Devexperts’ side, Jon Light, Senior Director of Product Management, said the integration aligns with the firm’s focus on flexible broker technology:

“At Devexperts, we focus on giving brokers flexible technology that supports their business end-to-end. Partnering with TRAction extends this philosophy, making it easier for firms to automate and simplify their regulatory process without compromising efficiency and accuracy.”
— Jon Light, Senior Director of Product Management, Devexperts

Jon Light, Senior Director of Product Management, Devexperts

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