ICMA: TRAX2 receives conditional approval from FSA as ARM

30 May 2007

The International Capital Market Association announced that its TRAX2 system has received conditional full approval from the UK Financial Services Authority as an Approved Reporting Mechanism (ARM). ICMA’s TRAX system is already one of a limited number of permitted mechanisms reporting to the FSA and was one of the first to apply for the new ARM status under the MiFID Directive.

The conditional approval remains subject to the successful completion of testing of TRAX2, however, once this approval is received from the FSA, this will fast track TRAX2 to becoming a recognised reporting mechanism in the other jurisdictions of Europe.

Press release
Trax2 Website

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