Real-time FIX · rule-based payouts · AI-assisted reporting
Trade faster. Reconcile smarter.
Report effortlessly.
Finmax TRAX unifies real-time FIX connectivity, flexible commission and broker-split calculation, and fully customizable blotters — built to move at the speed of your desk and scale to your firm’s full trade volume.
Built in
Everything post-trade needs,
wired together from the start.
Not a bolt-on reporting tool — TRAX carries a trade from the moment it’s captured through enrichment, payout, and every downstream feed your firm depends on.
Real-time FIX connectivity
Live FIX drop copies and execution feeds keep order and trade blotters synced the moment a trade prints — no batch delay, no stale rows.
Flexible commission & splits
Rule-based commission calculation and broker-split logic adapt to each desk's structure, instead of forcing your business to fit the software.
Blotters built to scale
Highly customizable trade and payout blotters render large volumes instantly, with per-desk filters, flattening, and bulk extracts.
Reporting & downstream feeds
Flexible reports, AI-assisted data extraction queries, and automated post-trade feeds power regulatory reporting, confirmations, and custom internal & external downstream systems.
Every broker-dealer runs the same three systems that don’t talk to each other.
Trade capture in one place, commission logic in a spreadsheet, and payout approvals over email. TRAX replaces the handoffs with a single operational record your desks, compliance, and finance teams all read from.
RECONCILIATION
Trades sit in "processing" until someone chases them down
Multi-desk, multi-source trade flows get stuck between the clearing feed and the ledger. TRAX surfaces every open ticket by desk and status, so nothing ages out unnoticed.
PAYOUTS
Commission runs are rebuilt by hand every month
Gross commission, desk splits, and AE payouts are calculated from the same trade data that fed the blotter — not a re-keyed export of it.
ACCESS
Desk structure changes faster than user permissions do
New desks, new short names, new brokers — TRAX keeps entitlements tied to the org chart your firm actually has today, not the one from onboarding.
A trade’s journey
From ingestion to enrichment to downstream feeds.
Every trade follows the same path through the Core System — whether it arrives by FIX or by file, on the equities desk or the energy desk.
Trade ingestion
Real-time via FIX or scheduled batch file loads, normalized on arrival.
Trade management
Entry, amendments, and day-to-day handling flow into the Core System.
Trade enrichment
Commission, fee, and broker-split rules apply automatically to every trade.
Outgoing feeds
Enriched trades, reports, and confirms route to clients, regulators, and downstream systems.
Invoicing & collections
Invoices go out to clients or clearing firms; payments and write-offs are tracked to close.
Built around the desk, not around a generic ticket queue.
A tour of the screens your operations team will live in.
From ingestion to enrichment to downstream feeds.
Filter by desk, short name, product type, or date range, then flatten or extract in bulk. Every ticket shows its processing status live, so nothing has to be chased over email.
- – Cross-desk view with 100+ rows rendered instantly
- – One-click flatten, filter, and large-volume extract
- – Buy/sell and status color-coded for a fast scan
Describe the pull, walk away, come back to a finished file
Blotter Request turns a plain-language ask into a scoped export. AI Assist reads a sentence like “Goldman trades year to date as Excel” and fills in the date range, broker, and format — so nobody hand-builds a filter for a one-off audit pull.
- – AI Assist converts a written request into query scope automatically
- – Large pulls run offline as CSV or Excel, queued behind the trading day
- – Requesters are notified the moment a run moves from Running to Ready
The reports desk heads actually ask for, pre-built
Payout rankings, gross commission by desk, monthly payout summaries, and jurisdiction-specific tax and regulatory reports — filterable by date range and desk, run on demand.
- – 17 templates across payout, tax, and system categories
- – Month-to-date and quarter-to-date presets
- – Results scoped to a single desk or the whole firm
"Consolidating our middle-office functions onto one platform took real operational weight off our post-trade team — order to ticketing, invoicing, and collections now run as one flow instead of several."
Operations Lead — global brokerage firm, options desk
Getting your desks onto TRAX
Most broker-dealers are live within a quarter, running alongside existing systems until every desk has cut over.
01
Map your desks and feeds
Most broker-dealers are live within a quarter, running alongside existing systems until every desk has cut over.
02
Mirror your commission logic
Desk splits, AE payout rules, and approval chains are configured to match how your firm already pays out.
03
Cut over desk by desk
Run TRAX alongside your current tools per desk, then retire the spreadsheets once the numbers tie out.
See TRAX running against your own desk structure.
Bring a real trade file. We’ll show you the blotter, the payout run, and the reports your desk heads ask for — configured with your desks, not a demo tenant.