Centroid Solutions and TRAction announced Monday they have integrated their platforms to automate regulatory trade reporting for brokers. The connection links Centroid’s CS 360 Engine order-routing system directly to TRAction’s reporting infrastructure, eliminating manual data transfers that previously required staff intervention between separate systems.
Trades executed through Centroid’s engine now flow automatically into TRAction’s platform, where they are formatted to regulatory specifications and submitted to approved repositories across Europe, the UK, Australia and Singapore. The companies claim the integration reduces operational overhead and error risk without requiring brokers to install additional software or hire more compliance staff.
TRAction has pursued similar partnerships throughout 2024, previously connecting to DXtrade, Tools for Brokers’ Trade Processor, and cTrader, alongside bridge providers oneZero and PrimeXM. The firms cited Coalition Greenwich and FIO research showing some brokers operate over 30 systems across middle and back offices, driving up costs and booking errors.
Neither company disclosed existing client numbers or named brokers currently using the joint setup.
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FXnCO Insight
** Brokers juggling fragmented reporting infrastructure should evaluate direct platform-to-regulator integrations to reduce compliance headcount and eliminate manual reconciliation bottlenecks.
Source: Finance Magnates