Afterprime deploys new PrimeXM and TRAction Integration for Efficient Data Extraction and Trade Reporting
TRAction’s latest integration with PrimeXM is now live and in production, with Afterprime deploying the solution in recent weeks.
TRAction, a leading provider of trade reporting solutions and PrimeXM, an award-winning technology provider have deployed the new integration for enhanced trade reporting in recent weeks and are actively rolling this out to their joint clients who would like to streamline their regulatory processes.
Afterprime, a global forex and CFD broker, is renowned for its transparent and customer-centric approach. Clients of Afterprime are able to access diverse markets through platforms like MetaTrader 4, TraderEvolution, and TradingView, while trading on ultra-competitive pricing.
TRAction, which specialises in regulatory reporting to simplify compliance for asset managers, offers its clients a range of pre-built integrations with trading platforms to help minimise the manual processes involved in their ever-growing daily reporting obligations, including new upcoming requirements such as the EMIR Refit, as well as the upcoming ASIC and MAS rewrites.
The latest integration smoothly retrieves data directly from PrimeXM, enabling accurate trade reporting submissions. This effort will simplify the reporting procedure, guarantee precise data submission, and alleviate the operational load linked to fulfilling current and new reporting obligations.
Quinn Perrott, co-CEO at TRAction, commented:
“TRAction’s new integration with PrimeXM is a testament to our ongoing commitment to simplifying trade reporting. This collaboration highlights our dedication to providing firms with seamless, compliant solutions, easing their reporting burdens in an ever-evolving regulatory landscape. We believe this integration will aid our clients in navigating their reporting obligations efficiency and accurately.”
Clive Dielthelm, PrimeXM’s founder, commented:
"PrimeXM and TRAction FinTech have come together to make regulatory reporting smoother for everyone. Our XCore trading technology provides easy and open access to trade data, helping clients like Afterprime navigate regulatory reporting with ease. We believe in keeping things transparent and straightforward, ensuring an open-access environment where any vendor can seamlessly integrate with PrimeXM's XCore."
Jeremy Kinstlinger, co-Founder of Afterprime, commented:
"Afterprime is happy to announce our integration with PrimeXM and TRAction. This collaboration has made setting up EMIR and MIFIR reporting for our CySEC entity a breeze, allowing us to maintain our focus on providing best-in-class pricing and top-notch customer service."
About TRAction
TRAction is already a major provider of regulatory reporting solutions globally, with over 400 firms across Europe, UK, Australia, Singapore and Canada already relying on its services.
TRAction is a full service regulatory trade reporting business, with the following core services: 1. Data extraction and conversion to the trade repository format. 2. On-boarding and submission of trades to an approved trade repository or Approved Reporting Mechanism (ARM) and 3. Understanding the trade reporting rules and how they practically apply for firms.
About PrimeXM
PrimeXM specializes in providing cutting-edge trading technology and hosting solutions for financial institutions. With a commitment to transparency, efficiency, and reliability, PrimeXM continues to deliver top-tier products like XCore to its global clientele.
About Afterprime
Afterprime is a forex and CFD broker servicing global clients. It is known for its transparency and focus on customer service. Afterprime offers traders access to a range of markets, including forex, indices, commodities, and cryptocurrency CFDs, through the popular platforms MetaTrader 4 (MT4), TraderEvolution and TradingView. The broker is well-regarded for its competitive pricing, offering tight spreads and low commissions. Afterprime is committed to providing a safe and secure trading environment and uses advanced security measures to protect client funds. Overall, Afterprime is a reputable broker that is popular among traders looking for a reliable and transparent trading experience.
