EPAM B2BITS'TRACE Reporting Engine allows its users not only to report, cancel, and correct trades, but also to receive acknowledgments and status updates for reported trades. The Reporting Engine fully supports, encapsulates, and hides all specifics of the workflow defined by TRACE for securitized products trades, OTC Corporate bonds and agency debts trades, as well as Treasury Securities reporting from the user.

The solution can be easily integrated with a user application. It also inherits and leverages all features of FIX Edge including easy configuration, administration, monitoring, and provision of low latency and high throughput.

FIX Edge is equipped with a rich UI for monitoring session statuses and parameters in real time in FIX Integrated Control Center H2.

Trace

Supported workflows

  • Reporting a trade
  • Cancelling a trade
  • Correcting a trade

Supported Message Types in compliance with FINRA Extension to FIX 4.4

From Engine to TRACE:

Trade Capture Report 35=AE

  • Reporting a trade
  • Trade Cancel
  • Reversal
  • Trade Correction

From TRACE to Engine:

Trade Capture Report Ack 35=AR

  • Reject

Trade Capture Report 35=AE

  • Acknowledgement CAEN/SPEN/TSEN
  • Allege CAAL/SPAL/TSAL
  • Confirmed Cancel CACX/SPCX/TSCX
  • Confirmed Reversal CAHX/SPHX/TSHX
  • Confirmed Correction CACR/SPCR/TSCR

Features

  • Hides all TRACE specifics from the client
  • Maintains FIX connection to TRACE
  • Leverages FIX Antenna Engine performance
  • User-friendly and intuitive public interface
  • Rich UI for monitoring session statuses and parameters in real time
  • Automations and plugins for smart logic and data conversion (ability to normalize messages to different formats like JSON, FIXML, Avro)
  • Wide choice of pluggable non-FIX transport adapters (Camel, Kafka, JMS, “FIX to world”)

Environment:

  • Cloud infrastructure support
  • Ready to work in cluster (High availability support)
  • Scalable solution, extendable to cover new venues and new workflows

Installation package

Default components:

On-demand add-ons:

  • Recovery tool
  • Transport Adaptor(s) for integration with middleware supported by FIXEdge
  • SQL scripts for integration with database

On-demand services:

  • Provides consulting and customization services to end-user specifics and requirements
  • Integration with end-user middleware or 3-rd party system
  • Implementation of business logic and mapping
  • Application support

The deployment of this solution will provide you with the following benefits:

  • Re-use of a proven and certified FIX Antenna technology offering
  • Reduced time to market
  • Reduced cost of implementation
  • Reduced cost of operation
  • Lower technical risk for support and maintenance
  • 24x7 support provided worldwide