ESMA’s assessment of the MiFID Trade Reporting Framework
ESMA spent 2024 keeping busy with its consultation process into the review of the existing MiFID and MIFIR framework in Europe. In May, July and October 2024 it released consultation papers for different elements of a review into MiFID. The consultation from October 2024 discusses the revisions proposed to the existing technical standards on the […]
Can TRAction report a close or correct a trade report by another provider?
reported With a lot of companies recently changing their trade reporting providers in the leadup to and aftermath of EMIR Refit and ASIC/MAS Rewrite, a common question is whether a delegate can close or correct a transaction for its client which was previously reported to a trade repository (TR) by a former delegate. Often clients […]
Regulatory Shifts: Liquidity Provider Agreements Require Changes
TRAction’s co-CEO, Quinn Perrott, shared his insights with Finance Magnates in this recent article. Delving into the evolving landscape of trade reporting and the imperative for firms to adapt their liquidity provider agreements accordingly. He highlights that regulatory updates under EMIR Refit, ASIC, and MAS Rewrite necessitate enhanced data alignment, automated UTI sharing, and renewed […]
Meet the Team: Russell Nethercot
How did Russell find himself at TRAction? Russell previously worked for a Dutch sell side brokerage house specialising in Equity Options, and has 20 years’ experience in the exchange traded and over-the-counter derivatives markets. Having worked at big institutions, Russell was very keen to join a different kind of business, and TRAction was the perfect […]
The 3 Most Common Errors in MiFIR Transaction Reporting
We’ve identified the 3 most common errors in the transaction data we receive from our clients: missing customer details, duplicate transactions and incorrectly formatted dates.
The Most Common Errors in SFTR Transaction Reporting
We’ve identified the 3 most common errors in the transaction data we receive from our clients
Daylight Saving Time Starts in Europe and the UK
Most European countries alongside the UK will need to turn their clocks forward by 1 hour this Sunday, 31 March 2024. 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.
Valuation method – UK EMIR
Settlement currency 1 & 2 – UK EMIR
Valuation currency – UK EMIR
