--- title: TORA Integrates Its OEMS With Trax description: Buyside firms need trading technology that can be easily integrated as regulations change. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trade-reporting-costs-on-the-rise-May-12-2022-09-23-23-68-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/tora-integrates-its-oems-with-trax#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Regulation](https://articles.marketsmedia.com/tag/regulation) - Regulation - TORA Integrates Its OEMS With Trax Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/tora-integrates-its-oems-with-trax#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 05.29.2018 By Shanny Basar Regulation # TORA Integrates Its OEMS With Trax 05.29.2018 By Shanny Basar ![TORA Integrates Its OEMS With Trax](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trade-reporting-costs-on-the-rise-May-12-2022-09-23-23-68-AM.jpg) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/tora-integrates-its-oems-with-trax) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/tora-integrates-its-oems-with-trax) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/tora-integrates-its-oems-with-trax) TORA, provider of the industry’s most advanced cloud-based order and execution management system (OEMS), today announced that it has partnered with Trax, the post-trade services and European market data division of MarketAxess, to help their mutual clients meet MiFID II trade and transaction reporting requirements. This development is the latest in a range of solutions that TORA offers to help clients satisfy MiFID II demands covering best execution, regulatory reporting and commission management. The new reporting requirements under MiFID II are designed to improve the pre- and post-trade transparency of execution prices and the actions of those parties involved in transactions. For investment managers, trade reports, including volumes, prices and instrument identifiers need to be sent in near real-time to an Approved Publication Arrangement (APA). Transaction reports, including timestamps, venue, asset type and trade size need to be sent to an Approved Reporting Mechanism (ARM) on T+1. TORA’s OEMS, combined with Trax’s regulatory reporting engine, provides clients a straight through processing solution that enables clients to meet their trade and transaction reporting requirements of MiFID II. Commenting on the partnership, Chris Jenkins, Managing Director of TORA, said: “To keep pace with the ever-changing regulatory landscape, buy-side firms need trading technology that can be easily integrated with other solutions”. “We’re excited to add Trax to our expanding MiFID II ARM and APA partner eco-system and be able to offer our clients a simplified trading and reporting workflow.” Nick Moss, Head of Product Management, Trax Post-Trade, commented, “The trade and transaction reporting obligations of MiFID II have brought increased operational complexity to a wide range of participants. Trax is committed to working with OEMS providers, such as TORA, to help reporting firms streamline their processes and ultimately reduce risks.” Source: TRAX [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/tora-integrates-its-oems-with-trax) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/tora-integrates-its-oems-with-trax) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/tora-integrates-its-oems-with-trax) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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