TRAX2 is the post-trade, pre-settlement, trade matching & regulatory confirmation system for the OTC market. It processes all financial instruments/asset classes and is now available to both the sell-side and buy-side. TRAX2 offers full repo matching capabilities and is tailored to meet the reporting requirements of the Markets in Financial Instruments Directive (MiFID).
Kevin Milne, managing director of ICMA said: This approval is very important to us, ICMA Ltd has invested considerable resources and time to ensure TRAX2 can meet the needs of multiple authorities. We are very pleased our clients, who have reporting obligations to the Netherlands, can now be compliant under MiFID.
