GoldenSource, Trax combine facilities to facilitate Mifid II reporting

Software and services provider GoldenSource has integrated solutions from Trax that will enable its users to more easily meet the reporting obligations under Mifid II.

The facilities constitute Trax’ Approved Reporting Mechanism and Approved Publication Arrangement. As a provider of capital markets data, trade matching and regulatory reporting services, Trax processes about a billion transactions annually.

GoldenSource and Trax performed the integration in the second half of 2017, ahead of the January implementation of Mifid II. It means that firms reporting data through GoldenSource have the option for data to be automatically submitted to the Trax ARM or APA. The integrated solution is also said to facilitate meeting Securities Financing Transactions Regulation requirements. SFTR means details must be collected of repo or margin loans and reported to an EU trade repository.

Volker Lainer, vice president of product management at GoldenSource said: “While ESMA is expected to show a degree of leniency to those who scrambled to be ready for the January deadline, firms should be using this time to ensure their Mifid II capabilities are fully up to speed.”

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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