TRAction's Services in Detail
| Feature | Description |
|---|---|
| CSV to XML conversion | Automated data conversion eliminates internal XML development costs. Send us the native output from your trading platform or back-office system each day and we’ll extract the information we need for reporting. Alternatively, we can provide a simple sample template that only needs to contain core trade details for you to generate each day. |
| Database / API data extraction | Seamless data integration to facilitate direct connection to your database or trading platform for automatic extraction of relevant trade details required to build a full regulatory report across all relevant reporting regimes. This minimises human error and manual file management. |
| Field mapping logic | As a part of the enrichment and conversion process, we provide field-by-field mapping of your trade data aligned with relevant TR/ARM validations. |
| Portal access | We provide you with access to our secure portal to upload and download trade files as well as confirmation files. |
| Product setup | Tailored product library: we build and maintain custom database of products that you trade, which we store internally for any future use. |
| Error correction | TRAction’s automated safeguards detect errors before the submission, while our team handles edge cases where our internal validation runs did not pick them up, by correcting all errors on behalf of the clients. |
| Completeness (Reconciliation of TR/ARM/NCA vs Firm records) | TRAction specialises in consolidating dissimilar data sets. With our team of experts in financial products, compliance/legal and IT, we aim to simplify the process for our clients. Our services include comparison and tracking of open transactions, ensuring consistency between your reported trades and internal records. |
| Accuracy review report | TRAction will review the reporting carried out for you and prepare a report to highlight where there are concerns that the information we are receiving to generate your reporting or instructions previously received about the nature of your transactions may be incorrect. |
| Eligibility analysis | TRAction provides a field-by-field detailed analysis of your trade files. We have internal validations and technology that filter which trades/instruments are reportable under the relevant regime. |
| Logic updates when regulations evolve | Continuous regulatory adaptation. Regulatory updates across all jurisdictions are handled as part of the TRAction service offering, ensuring ongoing compliance without the need for additional third-party consultants. |
| Delegated reporting | TRAction supports delegated reporting where client has offered to complete the reporting on behalf of the counterparties. We can also provide a separate access to our secure portal for delegated clients (and appropriately filtered reports) so they can see what has been reported on their behalf. |
| LEI Management | TRAction will maintain the LEI for your firm. We can also assist your delegated clients to maintain their LEI if they would like us to, helping minimise reporting errors associated with expired LEIs. |
| ISIN and UPI support | The Unique Product Identifier (UPI) is a reporting field and one of the globally harmonised Critical Data Elements (CDE). TRAction supports clients with retrieving existing UPIs and creating new ones where needed. Where required and available, TRAction will also retrieve the relevant ISIN. |
| Service Level Agreement | 24/5 dedicated support: fast, reliable expert assistance with a 3-hour response window throughout the trading week. |
Note: Not all services are available in all regimes – please refer to the pricing schedule for your regime.
Onboarding
TRAction's Onboarding Process
Dive into our insightful video guide that explains our streamlined process for onboarding new clients. We also address some frequently asked questions about onboarding, so be sure to watch for valuable insights that will guide you through your trade reporting journey with TRAction.
Contact us
Can't find the answers you're looking for?