Afterprime enhances trade reporting with PrimeXM and TRAction

Rick Steves

“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.”

Afterprime, a leading global forex and CFD broker, has integrated with PrimeXM and TRAction, aimed at enhancing trade reporting efficiency and accuracy. This collaboration combines TRAction’s expertise in regulatory reporting with PrimeXM’s advanced trading technology, offering a streamlined solution for Afterprime’s clients.

TRAction, known for its comprehensive trade reporting solutions, and prime solutions provider PrimeXM, have jointly rolled out this integration to assist clients in simplifying regulatory processes.

The integration is designed to directly extract data from PrimeXM, facilitating precise and timely trade reporting submissions, thereby reducing the operational burden associated with compliance.

More about Afterprime, TRAction, and PrimeXM

Afterprime is a respected forex and CFD broker offering access to various markets through platforms like MetaTrader 4, TraderEvolution, and TradingView. The broker is authorised and regulated by the FSA in Seychelles, CySEC in Cyprus (EU passport), and ASIC in Australia.

TRAction is a prominent regulatory reporting solutions provider, serving over 400 firms globally, including in Europe, the UK, Australia, Singapore, and Canada. It offers comprehensive services such as data extraction, conversion, and submission of trades to trade repositories or Approved Reporting Mechanisms (ARMs), along with guidance on trade reporting regulations.

PrimeXM specializes in advanced trading technology and hosting solutions for financial institutions. Its flagship product, XCore, is renowned for its efficiency, reliability, and commitment to transparency, serving a wide range of global clients.

“It made setting up EMIR and MIFIR reporting for our CySEC entity a breeze”

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 Diethelm, PrimeXM’s founder, said: “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, added: “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.”

Read this next

blockdag

BlockDAG Offering a Fresh Take on Meme Coin Development Amid Solana’s Challenges and Floki Inu’s Price Fluctuations With 30,000x ROI

Dive into how BlockDAG’s innovative presale, low-code platforms, and potential 30,000x ROI, outperform Solana’s technical hurdles and Floki Inu’s market predictions.

blockdag

BlockDAG Excels With $2.2M In Miner Sales And Moonshot Teaser, Overshadowing Litecoin’s Rally And Dogwifhat’s Market Highs

Explore how BlockDAG’s $2 million Miner Sales & Moonshot Teaser eclipse the Litecoin price recovery and the Dogwifhat all-time high.

blockdag

BlockDAG Leads Top 6 Cryptocurrencies to Buy in 2024 with a Potential Price Surge to $10 Leaving Cosmos, BNB, and Ethereum Behind

Discover the top six cryptocurrencies in 2024, including BDAG’s remarkable growth potential, BNB’s durability, Cosmos’ connectivity, and ETH’s eco-friendly advances.

Retail FX

Weekly Roundup: Prop firm arbitrarily accounts, Interactive Brokers’ CFDs in Japan

FX, Fintech and cryptocurrency markets have been bustling with activity over the past week, as is often the case. Keep yourself informed and ahead of the curve with a curated selection of crucial stories and developments that are most relevant to those engaged in the markets.

blockdag

BlockDAG Redefines Crypto Mining as Presale Tops $18.5M, Outshining Ethereum ETF & Dogecoin Dynamics

The recent approval of the first Ethereum ETF in Hong Kong underscores a significant advancement in the cryptocurrency’s mainstream acceptance. While Ethereum continues to attract institutional attention, the Dogecoin price prediction suggests a possible resurgence, despite its current undervaluation from past highs.

Digital Assets

Bitcoin halving is done: ViaBTC mines historic block 840K

The Bitcoin network has confirmed its fourth-ever halving block, mined by the cryptocurrency pool ViaBTC, according to data from Blockchain.com. This significant event in the Bitcoin ecosystem reduced the mining reward by half, a deflationary measure occurring approximately every four years to control the issuance of new bitcoins and curb inflation.

Retail FX

True Forex Funds now offers Match-Trader and cTrader platforms

Proprietary trading firm True Forex Funds today announced the launch of Match-Trader, a multi-asset trading platform developed by California-based FX technology provider Match-Trade Technologies.

Retail FX

CySEC hits FXORO parent with €360,000 fine

The Cyprus Securities and Exchange Commission (CySEC) has fined MCA Intelifunds, trading as FXORO, a total of €360,000 for multiple violations of the Cypriot investment laws.  

Digital Assets

Binance’s CZ in good mood ahead of sentencing, says partner

Yi He, co-founder of cryptocurrency giant Binance, has shared a positive outlook on the legal situation of the exchange’s former CEO, Changpeng Zhao. Zhao is currently awaiting a sentencing hearing scheduled for April 30 in the United States.

<