EMIR Refit: One year on
A year after EMIR Refit came into effect (in April 2024 for the EU and September 2024 for the UK), the derivatives industry seems to have adjusted to the new requirements. The main pain points were expected to be the switch from CSV to the XML schema and the implementation of UPI. However, the reality […]
From Generational Wealth to Generational Protection
What if we told you that one of the most discreet and respected family offices, managing multi-generational wealth and global investments, uses derivatives not just to grow its assets, but also to protect them? Derivatives help family offices to: Protect against currency volatility, ensuring stable value across global investments. Mitigate exposure to commodity price fluctuations, […]
Meet the team: Shashi Bhushan
How did Shashi find himself at TRAction? Before finding himself at TRAction, Shashi worked at several leading multinational companies including a global technology provider, working as a Software Engineer, Consultant. He adds that while the scale of those companies were exciting, he was drawn to TRAction for the chance to make a direct impact. Shashi’s […]
Insurance Companies Protect Assets – But What Protects Them?
What if we told you that insurance providers protect people with disability, life, travel, car and home cover, but also need to protect their own portfolios using derivatives? With numerous active derivative positions, insurance providers aren’t just safeguarding policyholders, they’re safeguarding their balance sheet too. Derivatives help insurers manage their assets so funds are available […]
FCA Makes the ‘Execution Agent’ Field Conditional under EMIR
The UK Financial Conduct Authority (FCA) has introduced changes making the field ‘Execution Agent’ a conditional field to report under EMIR. The new requirements transaction reports are reflected in the EMIR Technical Standards on reporting through Handbook Notice No 132 and updated EMIR validation rules and XML schema. These new validation rules will take effect from 26 January […]
Reporting Transactions seamlessly under EMIR, MiFIR and SFTR
Navigating your European reporting obligations can be tricky.
We’ve answered some of our most frequently asked questions below to help you understand your transaction reporting obligations a little better.
Meet the team: Manoj Kumar
How did Manoj find himself at TRAction? Prior to joining TRAction, Manoj worked at a legal tech domain. Factors that led to Manoj’s search for a new challenge included his ambition for a role that is “faster-paced, more advanced and intellectually demanding.” Manoj quickly realised TRAction was the perfect fit for his skills and interests. Manoj’s […]
Digging Deeper with Derivatives: Mining Giants & Finance
A lot more than most people realise. Behind every truckload of iron ore, copper, or lithium, is a complex business model managing global risk – and derivatives are a key part of it. Here’s how major mining companies stay steady in a financially volatile world: Commodity hedging to lock in prices on metals and minerals. […]
MiFID Reporting Remediation Tips and Traps – FCA’s Market Watch 82
The FCA has published observations of their supervision of the UK MiFID transaction reporting regime in Market Watch 82. It discusses: remedial timelines, back reporting and breach notifications on trade reporting, advising firms to consider if these should be integrated into existing processes. Operational frameworks should be improved given persistent inefficiencies the FCA has observed. […]
Meet the team: Abhinav Choudhary
How did Abhinav find himself at TRAction? Abhinav joined TRAction’s team after gaining his Master of Computer Applications from Central University of Karnataka. Abhinav’s responsibilities in his role… Abhinav works with clients to understand their requirements in order to write new code and apply changes to existing clients upon request. His role also involves assisting […]