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TRAction Fintech - Trade Reporting Simplified

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TRAction exists to make it easy and cost effective for you to report transactions and positions across all asset classes. With built-in reconciliation and monitoring capabilities, we help you to comply with MiFIR, EMIR, Best Execution, ASIC, MAS and other regulatory reporting obligations. TRAction is a provider of regulatory trade reporting solutions to financial services businesses dealing in OTC derivatives and other financial products which require transaction reporting. 

Recent Updates
Europe (EMIR / MiFID II)

What are EMIR & MiFIR/ MiFID II?

  • EMIR - requires all counterparties are required to report details of any derivative contract they have concluded, or which the counterparty has modified or terminated.
  • MiFID II/MiFIR - governs all aspects of the financial markets, including trading and reporting of many different financial instruments, and requires transactions to be reported to an Approved Reporting Mechanism (ARM).
Australia (ASIC)

What is ASIC?

ASIC stands for Australian Securities and Investments Commission. ASIC’s Reporting Rules 2013 provides a framework for the regulation of OTC derivatives reporting, clearing and trade execution. It requires all Australian entities dealing in OTC derivatives report transactions to an Australian Derivatives Trade Repository (ADTR) licensed by the ASIC. For more information on what to report and what your obligations are, click here.

Best Execution

What is Best Execution?

Best Execution is embedded in Article 27 of MiFID II which requires investment entities to provide the most favourable terms for the execution of client orders.

Execution venues including trading venues, systematic internalisers, market makers, liquidity providers (RTS 27 reports) and investment firms (including CFD/ FX brokers) who execute client orders through execution venues (RTS 28 reports) are required to report. 

TRAction has developed a monitor to help you to comply with the Best Execution reporting requirements under MiFID II.

Global Reporting

Singapore - MAS

The Monetary Authority of Singapore (MAS) requires parties to a Specified Derivatives Contract (SDC) to report to a licensed trade repository or licensed foreign trade repository. For non-bank financial institutions and significant derivatives holders, the current reporting obligations only cover Interest rate derivative contracts & Credit derivative contracts. From 1 October 2021, the reporting obligations will expand to cover Foreign Exchange derivative contracts, Commodity derivative contracts & Equity derivative contracts. Find out more here.

Hong Kong - HKMA

The Hong Kong Monetary Authority (HKMA) requires specified OTC derivative transactions to be reported to HKTR. The obligations in relation to retail OTC Derivatives commenced on 1 July 2017. Financial entities that deal in interest rate swaps and non-deliverable forwards should already be meeting their reporting obligations under HKMA. Find out more here.

What are EMIR & MiFIR/ MiFID II?

  • EMIR - requires all counterparties are required to report details of any derivative contract they have concluded, or which the counterparty has modified or terminated.
  • MiFID II/MiFIR - governs all aspects of the financial markets, including trading and reporting of many different financial instruments, and requires transactions to be reported to an Approved Reporting Mechanism (ARM).

What is ASIC?

ASIC stands for Australian Securities and Investments Commission. ASIC’s Reporting Rules 2013 provides a framework for the regulation of OTC derivatives reporting, clearing and trade execution. It requires all Australian entities dealing in OTC derivatives report transactions to an Australian Derivatives Trade Repository (ADTR) licensed by the ASIC. For more information on what to report and what your obligations are, click here.

What is Best Execution?

Best Execution is embedded in Article 27 of MiFID II which requires investment entities to provide the most favourable terms for the execution of client orders.

Execution venues including trading venues, systematic internalisers, market makers, liquidity providers (RTS 27 reports) and investment firms (including CFD/ FX brokers) who execute client orders through execution venues (RTS 28 reports) are required to report. 

TRAction has developed a monitor to help you to comply with the Best Execution reporting requirements under MiFID II.

Singapore - MAS

The Monetary Authority of Singapore (MAS) requires parties to a Specified Derivatives Contract (SDC) to report to a licensed trade repository or licensed foreign trade repository. For non-bank financial institutions and significant derivatives holders, the current reporting obligations only cover Interest rate derivative contracts & Credit derivative contracts. From 1 October 2021, the reporting obligations will expand to cover Foreign Exchange derivative contracts, Commodity derivative contracts & Equity derivative contracts. Find out more here.

Hong Kong - HKMA

The Hong Kong Monetary Authority (HKMA) requires specified OTC derivative transactions to be reported to HKTR. The obligations in relation to retail OTC Derivatives commenced on 1 July 2017. Financial entities that deal in interest rate swaps and non-deliverable forwards should already be meeting their reporting obligations under HKMA. Find out more here.


Testimonials and Awards

Services

Data Extraction & Conversion

Reviewing your data, Populating for trade repository, Liaising with your IT team & Secure FTP portal

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Reporting Trades

Register you with a trade repository, Ensure cost effectiveness & Rectifying issues on your behalf

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Specialist Advisory

Explaining the requirements, Applying the rules to your business & Alerting you to updates

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TRAction Fintech

Regulatory Reporting Services for Financial Institutions. TRAction exists to make it easy and cost effective for you to report transactions and positions across all asset classes.

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Partners

Google Reviews

Arthur Liu (GMTK Global)

We’ve been working with TRAction for almost 3 years now and we are really satisfied with the quality of their services – efficient, professional and reliable. Their team is helpful and friendly. With their great support, we are able to meet our regulatory trade reporting obligations. Highly recommended.

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Zahid Mahmood (House of Borse)

Have been using this company for a few years now. very professional, friendly and helpful. looking forward to many more years of business with you guys. thanks

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Vivek Shetty (ICM Capital)

We have worked with TRAction Fintech for our trade repository requirements. With their extensive knowledge and prompt support, it has proved to be a good solution for many of our regulatory reporting needs.

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Сандугаш Айманова (UGM)

Traction Fintech is a great service provider of regulatory reporting services for financial institutions. Staff has developed a specific log for automated reporting of our transactions to the regulator, reporting is done promptly, all employees respond fast to all inquiries, any issues are easily solved. We are satisfied with quality service offered by Traction Fintech.

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Dave Manoukian (ATC Brokers)

Working with Traction Fintech has lifted a huge burden off our shoulders with their services, from day one the team helped us understand and configured the format needed to automate our reporting requirements. The team is knowledgeable and responsive, any issues that arises they catch it and notify us. It has been a pleasure working with them.

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Matt Murphie (FP Markets)

TRAction really are the only company to use for trade reporting. They are excellent, great tech & run by very knowledgeable people. I recommend them, it’s a no brainer.

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Naji Afifi (Traders Trust)

TRAction has been working flawlessly for us with a consistent, responsive and outstanding support. Thank you for the quality service and support you team has provided. It’s a pleasure working with you

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James O’Neill (Fair Markets)

Easy and Efficient. TRAction delivers the most professional regulatory reporting services. By outsourcing to TRAction, the broker which I work for were able to painlessly comply with our trade reporting obligations. I highly recommend their services!

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