Winning Off the Pitch with vPPAs
What if we told you sports organisations use financial derivatives to play the long game? Major sports leagues around the world are using Virtual Power Purchase Agreements (vPPAs) to secure energy prices and support sustainability initiatives, including the @Premier League, who aims to achieve net zero emissions by 2040. Here’s how they use derivatives: vPPAs […]
Meet the team: Sotos Taki
How did Sotos find himself at TRAction? Before joining TRAction, Sotos was working in the Online Casino and Forex industries as a data analyst. For the past three years, he has been very interested in technology, so when he learned that TRAction works closely with in built systems running SQL and C#, he says he […]
Meet the team: Thomas Flack
How did Tom find himself at TRAction? Tom previously worked for UBS, a major Swiss bank, in a regulatory reporting role covering many different regimes for their Asset Management business. He adds, “this led me to a really exciting prospect in TRAction, who excels in providing these trade reporting services to their clients.” Tom explains, […]
ESMA’s Data Quality Report – Findings from their report for 2024
ESMA has released its Report on Quality and Use of Data (Report) for 2024 which looked into data reported under regulations that are within EMSA’s remit. Although the Report covers data reported under EMIR, MiFIR and SFTR, there is emphasis on the outcomes of EMIR Refit since its implementation in April 2024 which impacted a […]
UK EMIR Refit 2.55: Notional amount of leg 1
Meet the team: Sibel Kaan
How did Sibel find herself at TRAction? For most of her career, Sibel predominantly worked for 2 of Australia’s leading banks in their legal and compliance departments, and also a couple of top tier law firms. She explains, “I have always wanted to work with TRAction since I met Sophie and Quinn many years ago […]
Actions when EMIR derivative instrument’s underlier has no ISIN
A commonly asked question by many trade reporting entities is what value to use when the underlier to the relevant instrument has no ISIN under EMIR. (An ISIN is an international securities identification number which is a product identifier code often required by trade reporting regimes – EMIR and MiFIR). Where no ISIN is available […]
Meet the team: Younes Abou Khzam
How did Younes find himself at TRAction? Before joining TRAction, Younes was Co-Head of IT at OneRoyal, a CFD broker based in Lebanon, Australia and Cyprus, where he worked for 8 years.Prior to that, he worked for Al-Kafaat University, his alma mater, in the IT department. Younes’ responsibilities in his role… Younes supports TRAction’s employees […]
LEI Status Requirements – which may lapse, and which require renewal?
There are certain fields within the reporting regimes of EMIR, MiFIR, SFTR, ASIC, MAS and Canada, which require populating with a legal entity identifier (LEI). All LEIs for these reporting regimes must be valid and included in the GLEIF database. (For more information on ISO 17442 see GLEIF’s website). As a general overview: for new […]
Meet the team: Valerija Galkina
How did Valerija find herself at TRAction? After university, Valerija started her journey in the investment world where she found herself interested in the regulatory reporting framework “as it was a relatively fresh and fast developing field. Transitioning into fintech felt like a natural progression, allowing me to integrate my experience into innovative tech solutions.” […]
