Case Study: MEX Exchange
About MEX Exchange
MEX Australia is the ASIC licensed division of MEX Exchange, a regulated broker of CFDs and Foreign Exchange.
Background
MEX engaged TRAction seeking an automated trade reporting solution to replace their manual solution which relied heavily on human effort, using complex manual spreadsheets prone to errors & trade reporting rejections
TRAction analysed the financial products that MEX traded with its clients and built the symbols table for each traded instrument. As MEX used MT4 the contract sizes and other symbol reference data was almost identical to other TRAction clients using the same platform
MEX’s onboarding process used TRAction’s proprietary API for the MetaTrader 4 platform without requiring any additional customisation
Results
Outcomes for MEX Exchange
✔ Simple & fast onboarding process
✔ TRAction was able to use existing software code, intellectual property and experience to get the MEX onboarding done in a few weeks
✔ Offers MEX the following benefits:
- Automated trade reporting process with minimal errors & problems leading to a low cost of support & maintenance
- Using automation tools to manage and message the trade data instead of Excel
- Able to move key people from repetitive trade reporting processes to value-add function
Simple & fast onboarding process
Automated processes with minimal errors
Redirect key people to value-add functions
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
