Gresham Tech announces MiFID Trax partnership
March 16, 2018

London-based financial technology (fintech) software company and leading provider of enterprise data integrity solutions has this week announced a strategic partnership with Trax, the post-trade services and European market data division of MarketAxess.

Under the arrangement, Trax will leverage Gresham's Clareti platform to power a three-way reconciliation service for regulatory transaction reporting.   

Reconciliation is mandatory under MiFID II (markets in financial instruments directive II) to ensure complete and accurate transaction reporting. Regulatory Technical Standard (RTS) 22, Article 15, specifies that reconciliation between a firm's transaction data versus trade data as published by National Competent Authorities (NCAs) is required by investment firms. 

The new ARM (Approved Reporting Mechanism) service offers firms a greater assurance of their data integrity across trading systems and transaction reporting venues.

Whilst the regulatory reporting requirements for MiFID II have been implemented and transparency delivered, many firms are now seeking to drive greater efficiency and data quality across their operational controls.





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London-based financial technology (fintech) software company and leading provider of enterprise data integrity solutions has this week announced a strategic partnership with Trax, the post-trade services and European market data division of MarketAxess.

Under the arrangement, Trax will leverage Gresham's Clareti platform to power a three-way reconciliation service for regulatory transaction reporting.   

Reconciliation is mandatory under MiFID II (markets in financial instruments directive II) to ensure complete and accurate transaction reporting. Regulatory Technical Standard (RTS) 22, Article 15, specifies that reconciliation between a firm's transaction data versus trade data as published by National Competent Authorities (NCAs) is required by investment firms. 

The new ARM (Approved Reporting Mechanism) service offers firms a greater assurance of their data integrity across trading systems and transaction reporting venues.

Whilst the regulatory reporting requirements for MiFID II have been implemented and transparency delivered, many firms are now seeking to drive greater efficiency and data quality across their operational controls.



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