Unique client IDs / Duplicate Counterparty 2 Identifiers – ASIC Trade Reporting for CFDs
In the first half of 2025, ASIC engaged with several Australian CFD providers after evidently having done a large-scale analysis of their reported data. One of the main issues raised by ASIC related to ‘Unique IDs’. There still appears to be some confusion in the CFD market around its root cause and resolution. Part of […]
Meet the Team: Melina Theodorou
How did Melina find herself at TRAction? Before joining TRAction, Melina was working as Head of Compliance at a CIF (Cyprus Investment Firm) for 7 years, and then held the position of Executive Director for another 2 years. Melina recalls, “when I decided to leave the forex industry, I met a classmate of mine by […]
Avoiding Trade Reporting Penalties
https://www.youtube.com/watch?v=pQ_6y5TM_0s Regulators require complete, accurate and timely transaction reports in order for them to be able to monitor, detect and disrupt any potential market abuse or mitigate issues that could have a significant impact on markets. Global trade reporting regulations have aligned in putting the onus on reporting entities to notify their regulator of incidents […]
Meet the team: Martin Kloosterman
How did Martin find himself at TRAction? Before joining TRAction, Martin was working in China for Pinpoint, who was entering the Chinese market for credit card reward points. He says “I was looking for a new challenge with a small company with potential – and I certainly found that.” Martin’s responsibilities in his role… During his […]
MAS field 28 of 135 – Option type (where applicable)
MAS field 29 of 135 – Option style (where applicable)
ASIC Rewrite: 82 Basket constituent identifier source
ASIC Rewrite: 80 Custom basket code
Common Errors in MAS Reporting
TRAction’s reporting services include data validation and data enrichment to identify and resolve errors as well as ensure the format meets requirements prior to Trade Repository (TR) submission. We’ve identified the most common errors made in MAS OTC derivative trade reporting and provide steps on how to rectify each one. We also encourage MAS firms […]
Canada Rewrite – Top 6 Changes That You Need to Know
Canada Rewrite rules are set to commence on 25 July 2025 (Go Live). The intent of the regulatory updates is to harmonise the Canadian regulations with other global trade reporting regimes, to have improved data quality, transparency and standards – this has resulted in major changes being introduced. In sharp contrast to the other recent […]