Profidata Group Solutions

xpass by itechx is an IT solution for straight-through processing (STP) in the financial sector, providing a robust foundation for the complete automation and integration of securities processes. The flexible software orchestrates all internal and external parties – from clients and trading platforms to regulatory interfaces.

Designed as a dependable backbone for end-to-end data processing, xpass can be precisely customised to your needs. Built on the principle of flexibility, it allows targeted modifications and bespoke enhancements to its proven core system. The result is a reliable and established solution that meets your exact requirements while delivering maximum security, predictability and cost transparency.

Our subsidiary abraxas automates fee and commission processing with FundLine, covering calculation, distribution and audit-proof documentation. The solution meets all regulatory requirements, including MiFID II, and supports complex fee structures – from portfolio and sales commissions to management and custodian bank fees. RiskLine ensures consolidated, quality-assured market data supply. Through automated validation and comprehensive fair value calculations, it guarantees precise verification of price information to ensure market conformity.

With abraxas’ integrated solution, you benefit from automated fee processing combined with intelligent contract management, simulation-based calculations and audit-proof handling in full compliance with MiFID II. Centralised market data validation delivers quality-assured data from multiple sources, supported by extensive verification procedures and accurate fair value calculations. Additionally, abraxas facilitates regulatory-compliant market conformity checks through automated price validation for OTC and illiquid instruments, employing flexible, model-based methods tailored to individual requirements.