TRAction Fintech

Recent Updates

European daylight saving time ended last Sunday, now what do you need to do?

Regulatory Update – a Focus on EMIR and MiFIR Trade Reporting Continues

Best execution and RTS27 and 28 abandonment in ESMA’s pipeline

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.

European daylight saving time ended last Sunday, now what do you need to do?

Posted on October 26th, 2020

Regulatory Update – a Focus on EMIR and MiFIR Trade Reporting Continues

Posted on October 22nd, 2020

Best execution and RTS27 and 28 abandonment in ESMA’s pipeline

Posted on October 13th, 2020

In an increasingly likely no-deal Brexit scenario, where do you report your trades/transactions to?

Posted on October 9th, 2020

NCA identifies common mistakes in MiFIR transaction reporting – Do you have any? What should you do?

Posted on October 2nd, 2020

CySEC MiFIR Reporting – Notification Requirements for any fixes

Posted on October 1st, 2020

View Blog

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?

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.

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

Singapore - MAS

Hong Kong - HKMA

Testimonials and Awards

"We found that TRAction Fintech really went the extra distance to understand our business and tailor solutions to our needs." – Anthony Brocco (Advanced Markets)
"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." – Dave Manoukian (ATC Brokers)
"Easy and Efficient. TRAction delivers the most professional regulatory reporting services." – James O’Neill (Fair Markets)
"While well intentioned and a step in the right direction, we found the MiFID II best execution legislation lacking clear procedures. Using the TRAction Fintech's platform, the procedure and logic is clearly defined giving us the ability to view all transactions as compared to the equivalent Reuters data as well as being displayed in a graphical report." – Craig Allison (FP Markets)
"By outsourcing to TRAction, we were able to painlessly comply with our trade reporting obligations. We highly recommend their services." – Christopher Gore (Go Markets)
"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" – Zahid Mahmood (House of Borse)
"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." – Vivek Shetty (ICM Capital)
"TRAction is a trusted partner of KVB Prime (UK) Limited. TRAction has demonstrably assisted us in our regulatory trade reporting activities and has become one of our most trusted business partners. They are essential to our business. We are also delighted that TRAction’s co-CEO, Sophie Gerber’s effort has been recognised by RegTech and has become the winner of the Female Founder of the Year in the RegTech award. We seek to continue our business collaboration with TRAction to push our business even further." – KVB Board (KVB Prime)
"We’ve been using TRAction since early 2017. TRAction always goes the extra mile to ensure we properly meet our requirements, especially as they have significantly evolved during this time. TRAction's friendly and knowledgeable team made the on-boarding process seamless and extremely speedy for us." – Courtney Fitzsimmons (MEX Exchange)
"Making the decision to move from a large global firm to a more tailor made service with TRAction Fintech was the right decision for our business. The team have been by our side during implementation and reporting and are very experienced in this space. They provided us with a very cost effective solution with a high level or service and support. I would be more than happy to recommend TRAction Fintech as an experienced service provider." – Andy Charalambous (Ramek Asset Management)
"TRAction has been working flawlessly for us with a consistent, responsive and outstanding support. Thank you for the quality service and support your team has provided. It’s a pleasure working with you." – Miltos Varellitzis (Traders Trust)
"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." – Sandugash Aimanova (UGM Securities)
"Traction FinTech worked with our fledgling business to ensure that we had the adequate processes around EMIR and MiFIR regulatory reporting matters. We introduced new processes which were aimed at fulfilling regulatory requirements, the guys from Traction proved to me that their strength is understanding the business environment and in ensuring that we respect our regulatory obligations. They worked in a commercial manner with the team and their practical approach was appreciated by all." – Ian Trussler (USG FX)
"Since we joined Traction we have been pleased with their reporting expertise, as well as our relationship with the team. One of the key things that have made Traction a good partner for us is the fact they have been able to automate the reporting elements they are involved with through integration with our systems." – Alex Eliades (X Global Markets)
Our co-CEO, Sophie Gerber, is winner of the Female Founder of the Year at the RegTech Awards 2020
Named a finalist in three categories at the 2020 Finnie Awards: Best Workplace Diversity, Excellence in Establishing Market Presence: Global, and Excellence in Regtech
Named a finalist in two categories at the 2019 Finnie Awards: Female FinTech Leader of the Year & Emerging FinTech Leader of the Year (Under 35)
Named a finalist in two categories at the 2018 Finnie Awards - Excellence in RegTech & Excellence in Establishing Market Presence: Global
Named a finalist in two categories at the 2017 Finnie Awards: Excellence in RegTech and Excellence in Establishing Market Presence: Global
Sophie Gerber has been named as a finalist for the FemTech Leader of the Year at the Awards
Traction Nominated for Regtech of the Year at the YBF Lift Off Awards
Climbed 3 places on the RegTech100 list in 2020 as one of the world's most innovative RegTech companies
Named as one of the world’s top 100 most innovative RegTech companies in 2019
Nominated as a finalist for the RegTech of the Year in RegTech Awards 2019
Nominated as a finalist in 3 categories in RegTech award 2020 - RegTech Female Founder, Australian RegTech of the Year, RegTech Export of the Year
Ranked 329 in Deloitte’s Technology Fast 500™ Asia Pacific 2018 for its technological innovation and rapid revenue growth over the past three years.

The Team

Quinn Perrott

Co-CEO View Profile

Sophie Gerber

Co-CEO View Profile

Emma Ladlow

Regulatory Reporting Manager View Profile

Martin Kloosterman

Head of Operations View Profile

Justin Blake

Senior Developer View Profile

Nahid Tahmasebi

Developer View Profile

Leo Li

Developer View Profile

Haydon Mould

Trade Reporting Officer View Profile

Russell Nethercot

Relationship Manager View Profile

Tom Flack

Transaction Reporting Officer View Profile

Atria Ong

Operations Assistant View Profile

Angela Yang

Client Engagement Manager & Legal Counsel View Profile

Mariana Trindade

Administration Assistant View Profile

Google Reviews

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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TRAction Fintech - Regulatory Reporting Services for Financial Institutions

Request a Demo

What are EMIR & MiFIR/ MiFID II?

What is ASIC?

What is Best Execution?

Singapore - MAS

Hong Kong - HKMA

What are EMIR & MiFIR/ MiFID II?

What is ASIC?

What is Best Execution?

Singapore - MAS

Hong Kong - HKMA

Testimonials and Awards

Services

Data Extraction & Conversion

Reporting Trades

Specialist Advisory

Partners

The Team

Quinn Perrott

Sophie Gerber

Emma Ladlow

Martin Kloosterman

Justin Blake

Nahid Tahmasebi

Leo Li

Haydon Mould

Russell Nethercot

Tom Flack

Atria Ong

Angela Yang

Mariana Trindade

Quinn Perrott

Sophie Gerber

Emma Ladlow

Martin Kloosterman

Justin Blake

Nahid Tahmasebi

Leo Li

Haydon Mould

Russell Nethercot

Tom Flack

Atria Ong

Angela Yang

Mariana Trindade

Google Reviews

Zahid Mahmood (House of Borse)

Vivek Shetty (ICM Capital)

Сандугаш Айманова (UGM)

Dave Manoukian (ATC Brokers)

Matt Murphie (FP Markets)

Naji Afifi (Traders Trust)

James O’Neill (Fair Markets)