Author: Quinn Perrott

Quinn is co-CEO and founder of TRAction and focuses on assisting clients in Europe, Asia and Australia to meet their regulatory requirements with trade and transaction reporting solutions as well as development of the best execution platform. With a background in IT, Quinn started in the financial markets as IT Manager for City Index. He then co-founded and worked as a General Manager at one of Australia’s largest margin FX and CFD providers. Quinn has provided educational sessions to Australia’s regulatory bodies in relation to operational aspects of derivatives and trading platforms.

Are Cryptocurrency CFDs reportable under ASIC?

To date there has been no definitive position provided by either the regulation or ASIC guidance about the reportability of crypto.

Small Financial Counterparties (SFCs) – how to determine if you are an SFC and if so, what do you need to do under EMIR Refit?

The date for financial counterparties (FC) to conduct the ‘clearing obligation assessment’ is required every 12 months.

Reminder: RTS 28 Reports Due 30 April 2022

RTS 28 is still in force for EU and UK investment firms and must be published by 30 April 2022.

Investment firms are required to summarise and publish their top five execution venues in terms of trading volume and information on the quality of execution obtained for each class of their financial instruments

Are You Ready For ESMA’s New MIFIR Transaction Reporting Validation Rules Commencing 31 May 2022?

MiFIR introduces many requirements in respect of transaction reporting, including the requirement to report a wider range of data. In this article we explain some of the intricacies and difficulties of procuring and validating data and how these can be overcome.

TRAction’s Co-CEO, Sophie Gerber, on FinTech Australia’s Auzbiz

Recently our co-CEO, Sophie Gerber, was invited on FinTech Australia’s Auzbiz segment.

Are Rolling Spot FX and Spot Precious Metals Reportable Under MiFIR?

Just over one year since MiFID II came into effect, TRAction still gets asked whether Rolling Spot FX and Spot Precious Metals are reportable under MiFIR.

Daylight Saving Time Starts This Sunday in Europe and the UK – What Does This Mean for Your Trade Reporting?

Most European countries alongside the UK will need to turn their clocks forward by 1 hour this Sunday, 27 March 2022. While you enjoy the sun and longer days, you will also need to check that the time settings in your trade/transaction reporting are correct.

Refit, Rewrite, RTS, EMIR II; Navigating the Maze of EMIR Version Names

Regulatory reporting is hard enough without the confusion over which version of each regime is the latest. EMIR has gone through a number of variations since it was first implemented in 2012. We thought it would be a great time to outline what the EMIR version names relate to and where we are currently at as we anticipate further changes to the regime.

Are Cryptocurrency Derivatives reportable under EMIR and MiFIR?

There remains a lack of clarity as to whether cryptocurrency derivatives (‘cryptos’) should be treated as financial instruments and therefore subject to ESMA’s derivative reporting rules and reported to a TR/ARM.