Execution agent – UK EMIR
FMPS:24 Panel – Beyond the bASICs
Beyond the bASICs: Regulation and Operations in Australia and Offshore Recently, TRAction’s co-CEO Quinn Perrott spoke on the ‘Beyond the bASICs: Regulation and Operations in Australia and Offshore’ panel at Finance Magnates Pacific Summit 2024. Quinn spoke alongside several other industry experts, including Eugenio Accongiagioco (APAC Management Consultency), Courtney Fitzsimmons (MEX Markets) Vakul Talwar (Crypto.com), […]
The Complexities of ISO 20022 XML for Transaction Reporting
ESMA went live with SFTR in accordance with the ISO 20022 XML methodology in July 2020. This is the first time an EU transaction reporting regulation went live with XML being the only format available for submission. This XML structure was created to provide an industry-wide framework to be used by all financial standards initiatives. Coming into effect in 2023, the European Markets Infrastructure Regulation (EMIR) REFIT will be adding ISO 20022
UK EMIR – What Additional Reporting Information Do You Need From Me?
UK EMIR Refit go-live date is set for 30 September 2024, prompting the most commonly asked question by Reporting Counterparties using TRAction’s services – what new information is required in UK EMIR Refit? The upcoming changes require firms to adapt to new reporting solutions and processes ahead of the go-live date. By approaching the new […]
ASIC Rewrite – What Additional Information Do I Need To Report?
One of ASIC’s goals is to align the Australian reporting regime with international standards. Harmonising the data collected according to the critical data elements introduced in the CDE Guidance aims to improve data quality for sharing between regulators globally.
Complete Your UK EMIR Backloading Before 30 September 2024
Get your UK EMIR backloading done before 30 September 2024 UK EMIR Refit comes into effect on 30 September 2024. TRAction recommends that reporting entities should do any UK EMIR backloading before this date, otherwise they may have trouble getting old data to meet the UK EMIR Refit format. UTI – UK EMIR Refit adopts […]
Now live – 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 TR […]
What Do Reported Trades in Australia Say About Our Brokerage?
Under ASIC’s Reporting Rules, most Australian margin FX and CFD brokers are Reporting Entities that are required to report their transactions as they are considered to be over-the-counter (OTC) derivatives.
We take a look at what a trade repository or ASIC can surmise about your business from the data they receive.
What ISIN to use when reporting rolling futures CFDs
Background on rolling futures Rolling futures CFD contracts refer to a futures based CFD that doesn’t have an expiry date.This is achieved by the underlying contract pricing moving to the next expiry equivalent contract.For instance, the CFD of BRN.1 (rolling) might start with an underlying price from October and then change in November. Brent Crude […]
How to do UTI Matching through oneZero
Under EMIR, the information stemming from the dual-sided reporting obligation must be reconciled via the pairing and matching of both legs of the derivative trade by trade repositories.
