GoldenSource and Trax Collaborate on Mifid II Reporting
The integration means GoldenSource clients can opt to automatically submit data to Trax ARM and APA services.
That means firms managing their reporting obligations under the revised Markets in Financial Instruments Directive (Mifid II) via GoldenSource can have their data automatically submitted to the Trax ARM or APA, which could save a mid-large bank an average of three or four months in time and resources compared with building an integration in-house, according to Volker Lainer, vice president of product management at GoldenSource.
“This can be more for banks that have yet to centralize their data
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