MIFID Transaction Reporting

AI acceleration for Banking, delivered by Alteryx
    alteryx

 

 

Business challenge

Across the market, firms are required to translate internal trade data into formats aligned with transaction reporting gateways, yet existing solutions are often slow to adapt to new trade types and evolving regulatory requirements. This challenge is compounded during periods of platform transformation, where flexibility is needed to support transition to new trade management systems. At the same time, subject matter expertise is frequently scarce and siloed, limiting end-to-end visibility of the trade lifecycle and slowing change delivery.

 

The approach

Alteryx was used as a rapid translation layer to iterate and refine business requirements into executable logic, enabling fast validation of rules and reporting behaviour. It also acted as a central control point to ensure all trades were accurately captured, correctly validated, and routed through the appropriate reporting channels with full consistency and governance.

Business benefits:

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Accelerated trade onboarding

New trade types and reporting requirements can be implemented quickly without core system dependency delays.

 

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Flexible transformation

A decoupled translation layer supports continuous change during wider trade platform modernisation.

 

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Enhanced controls

Centralised translation logic improves governance, visibility, and control across the trade lifecycle.

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Reduced delivery bottlenecks

Transaction reporting is removed from the critical path for new product and trade launches.

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Improved accuracy

Standardised logic ensures trades are consistently mapped and submitted through the correct channels.

 

About the accelerator:

Data sources

  • Internal trade capture systems
  • Trade management platforms
  • Transaction submission gateway formats
  • Reference and instrument master data
  • Counterparty and client data
  • Regulatory reporting rules & schema
  • Trade lifecycle event data

Description

  • Alteryx is used as a rapid translation layer to refine business requirements into executable logic, enabling fast validation of rules and reporting behaviour.
  • It also acted as a central control point to ensure all trades were accurately captured, correctly validated, and routed through the appropriate reporting channels with full consistency and governance.

Key features

  • Trade data translation into gateway formats
  • Rapid rules and mapping updates
  • Support for new trade types
  • Centralised validation and control
  • Consistent trade routing and submission
  • Improved governance
  • Reduced dependency on SMEs

Why Alteryx?

Alteryx is an intuitive, no-code/low-code platform that enables rapid data preparation, blending, and advanced analytics to automate complex, manual, and repetitive spreadsheet tasks, reducing errors and accelerating financial reporting.

Learn more
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MIFID

 

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