Case Study: LMAX Global
About lmax
LMAX Global is a regulated broker for FX, metals, and commodities worldwide.
Background
LMAX came to TRAction with an existing trade reporting arrangement, seeking to gain competitive advantage through its trade reporting.
TRAction analysed the financial products that LMAX traded with its clients and built the symbols table for each traded instrument and build additional customised software modules.
Successfully became the reporting agent for over seventy LMAX clients, with the ease of a single point of inboarding and data collection.
Results
Outcomes for LMAX
✔ Compelling advantage over their competitors, in an often vanilla and commoditised market without lowering their broker commission
✔ Significant benefits from knowing their pairing and matching rates, as they control the data & process for most of their counterparties trade reporting
✔ Offers LMAX clients the following benefits:
- Not having to worry about reporting their trades when using LMAX as a liquidity provider
- Assurance that their trade reporting is being performed by a trusted specialist company
- Peace of mind that the confirmation data is available on a daily basis
Advantage over competitors
More control over data and processes
Assurance and peace of mind
Why Choose Us
Transition to TRAction
Thinking of changing your current regulatory reporting service?
TRAction is here to make the process as smooth as possible.
Transitioning to a new regulatory reporting service can seem daunting and we understand the stress firms may face when switching to another reporting delegate, TR or ARM.
TRAction’s core business purpose is to provide seamless reporting services to simplify the daily reporting requirements for our clients. Stress-free.
Trade reporting is at the core of TRAction’s business operations, which means our expertise lies in reporting and regulation. Our team invests significant time and energy in developing innovative and streamlined methods to report your trades.
We have an enthusiastic team with a client-focused mindset. We listen to our clients and consistently try to improve our services and solutions for them as well as reduce any gaps in communication. Our talented staff can also provide services in multiple languages if required.
Transition to TRAction
Whether you're looking to switch your reporting delegate or transition between TRs/ARMs, TRAction manages every stage of the transition effectively without complication.
TRAction's Integrations
If you're considering passing the burden of reporting over to a delegated third-party like TRAction, you're probably wondering, "Can they connect to our current trading platform?"
Resources
See TRAction's dedicated resources page, including our blog and video content, to ensure you stay up to date with regulatory changes and trade and transaction reporting news
