TRAX (Trade Activity and eXpense) is a commission and payout application that provides the ability, to track commissions from all trading activities, invoice customers for commissions, define sales payout rules & and generate monthly payouts for sales, capture additional expense/execution cost information. TRAX encapsulates a comprehensive payout engine along with a visual tool to define and maintain the sales payout splits. System provides several reports and views for sales payouts, gross commissions etc. Source data for TRAX comes from OMS and PrimeBroker. Some of the capabilities TRAX provides are:

 Track commissions from all trading activities (product agnostic)

 Track and allocate P&L from market making/firm trading desks

 Invoice customers on CMTA, Give-up or any trades that requires invoicing

 Define sales payout rules - ability to capture payout schedules

 Ability for traders/sales persons to view their production and payouts daily

 Capture & consolidate expenses such as T&E, Draws, Electronic Connectivity charges

 Generate monthly payouts sheets that account for expenses, through a single click

 Manage soft dollar expenses including ability to maintain soft dollar rate schedule

 Transaction Cost Analysis with liquidity indicators

 Customer Profitability, Sales trader Profitability and other management reports