TRAction Fintech - Regulatory Reporting Services for Financial Institutions

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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. 

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.

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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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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

Russell Nethercot

Relationship Manager View Profile

Tom Flack

Transaction Reporting Officer View Profile

Angela Yang

Client Engagement Manager & Legal Counsel View Profile

Mariana Trindade

Administration Assistant View Profile