Transition to TRAction
Thinking of changing your current regulatory reporting service?
TRAction is here to make the process as smooth as possible
Transitioning to a new regulatory reporting service can seem daunting and we understand the stress firms may face when switching to another reporting delegate, TR or ARM.
Whether you are just looking to switch your reporting delegate or transition between TRs/ARMs
TRAction manages every stage of the transition effectively and without complication
We have extensive experience working with multiple TRs/ARMs
TRAction currently supports financial firms, brokers, investment managers, banks, and electricity suppliers, and reports millions of transactions each day.
TRAction is different.
TRAction acts as a intermediary between regulated financial firms and licensed Trade Repositories (TRs)
Reporting Guidance
Understand your compliance obligations and stay up-to-date with industry insights
Direct Platform Integrations
Simplifies your trade reporting by reducing steps
Data Extraction Conversion, and Enrichment
Ensures accurate format before submission
transitioning
So, how can TRAction help you make the transition?
Easy Data Transfer
TRAction’s core business purpose is to provide seamless reporting services to simplify the daily reporting requirements for our clients. Stress-free.
Our solution covers both commonly used trading platforms and self-developed/customised platforms. For firms operating on multiple platforms, TRAction will conduct a review to determine the best extraction method for your trade data. Depending on what best suits your needs, we can either directly integrate with your platform to automatically extract trade data or you may send your trading files to TRAction, similar to what you would send to your existing TR/ARM or reporting delegate.
Regulatory Reporting Expertise
Trade reporting is at the core of TRAction’s business operations, which means our expertise lies in reporting and regulation. Our team invests significant time and energy in developing innovative and streamlined methods to report your trades.
Friendly and Dedicated Team
We have an enthusiastic team with a client-focused mindset. We listen to our clients and consistently try to improve our services and solutions for them as well as reduce any gaps in communication. Our talented staff can also provide services in multiple languages if required.
integrations
What platforms does TRAction integrate with?
If you’re considering passing the burden of reporting over to a delegated third-party like TRAction, you’re probably wondering, “Can they connect to our current trading platform?”
Comparison
Self-Reporting vs Delegated Reporting under EMIR, MiFIR, SFTR, ASIC or MAS
TRAction understands the struggles that many firms are facing. We have compared the steps required to complete an onboarding process with us as opposed to onboarding with an Approved Reporting Mechanism (ARM)/Trade Repository (TR) directly.
| Self-Reporting | Reporting through TRAction |
|---|---|
| Onboard with ARM/TR | Onboard with TRAction (plus assistance onboarding with DTCC if reporting under MAS) |
| Obtain file specifications from the ARM/TR | Provide a file sample or access to data (for automated data transfer) |
| Review field requirements | Work with the onboarding team to ensure that the data is in the correct format |
| Test connections to ensure you can submit files | Finalise submission procedures |
| Upload files to the ARM/TR in the User Acceptance Testing (UAT) environment | – |
| Review the output file and correct if necessary | Review the output file and contact TRAction to make any corrections |
Pricing Packages
Choose the best plan for your reporting requirements
MiFIR Reporting
Monthly Account Fee^
-
Standard CSV template
-
Field mapping logic
-
£200 Delegated reporting (per LEI)
ASIC Reporting Standard
Monthly Account Fee^
-
$0 Initial set up cost
-
$350 DTCC Account Management Fee
-
Add-on Fees (optional)
EMIR Reporting
Monthly Account Fee^
-
Field mapping logic
-
Portal access
-
Product/symbols setup
Stay in the know with
Industry Updates
Check out our blog for the latest updates on regulatory changes and issues regarding trade/transaction reporting under ASIC, EMIR, MiFIR, SFTR, MAS, Canada and other regimes around the world.
FCA Market Watch 81 – Recent Observations on UK MiFID transaction reporting
How does the end of year festive season affect your trade & transaction reporting?
Are You Making Regular Enquiries Into Your Trade Reporting?
Why Choose Us
Transition to TRAction
Thinking of changing your current regulatory reporting service?
TRAction is here to make the process as smooth as possible.
Transitioning to a new regulatory reporting service can seem daunting and we understand the stress firms may face when switching to another reporting delegate, TR or ARM.
TRAction’s core business purpose is to provide seamless reporting services to simplify the daily reporting requirements for our clients. Stress-free.
Trade reporting is at the core of TRAction’s business operations, which means our expertise lies in reporting and regulation. Our team invests significant time and energy in developing innovative and streamlined methods to report your trades.
We have an enthusiastic team with a client-focused mindset. We listen to our clients and consistently try to improve our services and solutions for them as well as reduce any gaps in communication. Our talented staff can also provide services in multiple languages if required.
