TRAX2 receives approval from AMF for MiFID reporting.

13 November 2007

TRAX2 has received approval from the AMF in accordance with the MiFID Directive. ICMA has been in discussions with the AMF and other European regulators regarding MiFID reporting approval during the last ten months. TRAX2 is an Approved Reporting Mechanism (ARM) with the FSA and since November 5, 2007 has been processing just under 1 million transactions a day with less then 1% rejection rate on behalf of its clients.

 

TRAX2 has been specifically designed to report to multiple regulators through out Europe in accordance with Article 25 of MiFID.

 

Press release

 

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