Trade Reporting is Becoming More Important for Superannuation Funds
Approximately A$900 billion of open derivatives positions are held by Australian superannuation funds, according to the Reserve Bank of Australia (RBA). The International Swaps and Derivatives Association (ISDA) has highlighted that these funds are making more frequent use of derivatives as a cost-effective and efficient way to manage their foreign currency and investment exposures. With […]
Reminder: Daylight Saving Time for New York Starts 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 now that daylight saving time (DST) has started in the US (13 March 2022).
Meet the team: Sophie Gerber
Sophie’s responsibilities in her role… In her role, Sophie oversees the management and operations of TRAction. Her responsibilities span across regulatory, operational and business functions, from answering regulatory questions and supporting the team with complex client queries, to assisting across marketing, finance and administration. What are the most enjoyable aspects of Sophie’s role? For Sophie, […]
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: Rachel Blake
How did Rachel work before? Before joining TRAction, Rachel worked at AxiCorp which runs AxiTrader, and previously at an IT consulting company called Action Solutions. With a strong background in software development and financial systems, she was keen to continue working on technology that supports real-world financial operations. Rachel’s responsibilities in her role… Rachel explains […]
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 […]