Updates proposed to the Regulatory Reporting Framework for India
Presently, OTC derivatives with their underliers listed on the International Financial Services Centres (IFSC) stock exchanges are not permitted. However, there has been growing interest from domestic and international stakeholders to have a framework for bespoke OTC derivatives in India. The International Financial Services Centres Authority (IFSCA) recently proposed draft guidelines in a consultation paper […]
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.
Issues raised by ASIC and their solutions
ASIC has been in contact with a number of CFD providers after evidently having done a large-scale analysis of their trade reporting data which has been reported. This was confirmed in ASIC’s recent Report 828 where they confirmed 48 CFD firms have subsequently made changes to their reporting. A number of issues have been raised […]
Meet the team: Asmi Gupta
How did Asmi find herself at TRAction? Asmi completed her Bachelor’s degree in Finance and Banking at the University of Sydney. Before joining TRAction, Asmi spent over three years working in the events industry. Having always been passionate about the financial sector, Asmi was eager to transition into a finance-focused role after graduating. When an […]
Meet the team: Fiona Xu
How did Fiona find herself at TRAction? Before joining TRAction, Fiona worked as a Product Manager at an IT company in China. After completing a Master’s degree in Australia, she wanted to further develop her skills in data analysis and that path ultimately led her to TRAction. Fiona’s responsibilities in her role… Fiona explains, “I’m […]
Meet the team: Celina Lam
How did Celina find herself at TRAction? Before joining TRAction, Celina worked as a Marketing Intern at a real estate company, while also working part-time in retail and completing her Master of Media and Communication. Celina has always been interested in finance, so TRAction stood out to her for its innovative approach to simplifying complex […]
Meet the team: Michelle Avarielle Kustedjo
How did Michelle find herself at TRAction? Before joining TRAction, Michelle worked as a Sales Coordinator at a media agency. Throughout her career, Michelle discovered her passion lies not only in marketing but also in sales. She graduated with a degree in Marketing and Finance, and joining TRAction has allowed her to further develop both […]
ASIC’s ‘Nexus Derivatives’ – What are they?
From 20 October 2025 onwards, OTC derivatives with an Australian operational mark may be in-scope under the ASIC Rules and therefore reportable. ASIC and other global regulators (such as FCA, Cysec, ESMA) have made no secret of their desire to protect their local retail clients from investment products that they consider inappropriate for them. They […]
Daylight Saving Time for New York Ends this Weekend
Are you reporting trades by New York (NY) time or following NY close of business? If so, it is important to check your trades/transactions are still reported at the correct time since daylight saving time (DST) ends in the US this weekend (5 November 2023).
Meet the team: Ved Prakash Dubey
How did Ved find himself at TRAction? Before joining TRAction, Ved worked as a Credit Analyst in New York. During his time there, he developed a strong foundation in financial analysis and reporting. Ved was looking for a new challenge in a dynamic, globally focused environment, and TRAction stood out to him as a place […]