What is an execution agent and what scenarios does it cover?
Summary Under UK EMIR reporting, there is a field “execution agent” that is currently optional. After 26 January 2026, this execution agent field will become conditional. This means that if an execution agent is involved in a transaction, the LEI of the execution agent needs to be reported. What is an Execution Agent? “Agent” […]
Do fund managers in the EU have to report for their foreign domiciled funds?
Summary When there is a fund and fund manager involved in derivatives trades, the fund manager is generally responsible for trade reporting for the transactions entered into by the fund. But what happens if one is inside the European Union and the other one outside the EU? For instance, if a fund is registered in […]
How TRAction’s Extraction, Enrichment & Logic Ensure Data Lineage
Regulators are now demanding improved data quality. This is the intent of years of regulatory change in the financial markets and trading space. To support these requirements, it is becoming extremely important to have good ‘data lineage’. Data lineage is being able to see data from its origin to its end point. Creating a golden […]
Meet the team: Alamdar Ali
How did Alamdar find himself at TRAction? TRAction is where Alamdar began his career, bringing together his passion for coding and his interest in trade reporting technology. From the outset, he was drawn to the opportunity to work in a technical role that directly supports regulatory compliance and real-world financial operations. Alamdar’s responsibilities in his […]
When do validations kick in for certain EMIR Refit fields?
Reconciliation Phase II (Phase II) is to go live in April 2026 for EU EMIR and September 2026 for UK EMIR. These dates are 2 years after the implementation dates for EMIR Refit for both jurisdictions. Phase II brings with it: 61 brand new fields which are to be added to the scope of both […]
Are Crypto ETNs MiFIR reportable?
The FCA has lifted its ban on crypto Exchange-Traded Notes (ETNs) for professional investors. The relevant regulatory changes took effect on 8 October 2025. The FCA issued a press release that confirms that they will open retail access to crypto ETNs so long as they are “traded on an FCA-approved, UK-based investment exchange”. This means […]
Pairing and matching under EMIR Refit
EMIR Trade Repositories (TRs) have now started giving reporting entities feedback on their pairing and matching status in the form of an end of day report in respect of the new EMIR Refit. TRAction explores the process undertaken by the LSEG Regulatory Reporting TR. What is pairing and matching? Pairing is the process where the […]
TRAction and DXtrade integrate to streamline trade reporting
TRAction and DXtrade integrate to streamline trade reporting for mutual clients. TRAction, a leading provider of trade reporting solutions, and DXtrade, the flagship multi-asset trading platform from global software developer, Devexperts, have announced a new integration that enhances regulatory reporting for brokers and investment firms. This integration allows trading data from DXtrade platforms to flow […]
Unique Transaction Identifier (UTI) – Explained
ESMA, the FCA, ASIC and MAS are placing greater emphasis on Unique Transaction Identifiers (UTIs) and their consistent application between counterparties as part of their roll-out in 2024 of updated derivative reporting requirements in their jurisdictions.
TRAction Wrapped 2025
TRAction Wrapped 2025 is here! During the past year, TRAction supported clients through evolving regulatory changes, processed millions of trades daily, and helped clients navigate their reporting queries. To wrap up 2025, we’ve compiled our first “TRAction Wrapped” video – highlighting the moments, insights, and milestones that defined the year. Thank you to our clients, […]