What do ‘MAKE’/’TAKE’ mean in relation to Buy/Sell?
https://youtu.be/fjiELER1S30 TRAction have noticed that firms reporting under various reporting regimes have been unclear on who is the party that ‘makes’ or ‘takes’ the payment in the leg of a transaction. The ASIC Technical Guidance provides assistance on how to compete various items within Table S1.1(1): Transaction information (Table). TRAction looks at the ASIC requirements […]
Matching of UPIs by counterparties for ASIC Reporting
Do you need to report the same unique product identifier (UPI) as reported by your counterparty, under the ASIC Rules (which came into effect on 21 October)? No, you don’t. The ASIC Technical Guidance confirms that reporting entities do not have to make sure that they report the same UPI which their counterparty has reported. […]
ASIC Trade Reporting Breaches – a Summary
Are you aware of the penalties for non-compliance with ASIC’s trade reporting rules? Australian entities dealing in OTC derivatives are required to report under and comply with the ASIC Derivative Transaction Rules (Reporting) 2024 (the Reporting Rules). What can you be fined for? You could be subject to penalty should you fail to comply with the following provisions […]
iFX EXPO Asia – The Open Banking Momentum APAC is Bridging Gaps
The Open Banking Momentum APAC is Bridging Gaps TRAction’s co-CEO Sophie Gerber was recently featured on ‘The Open Banking Momentum: APAC is Bridging Gaps’ panel at iFX EXPO Asia 2024 in Bangkok! Learn how enhanced financial access can stimulate economic growth and promote social inclusion, by improving pricing and reducing financial crime risks, and hear […]
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).
Payment frequency period – Leg 1 & 2 – ASIC Rewrite
Payment frequency period multiplier – Leg 1 & 2 – ASIC Rewrite
Interbranch and Intragroup Trading – Reporting Requirements
Is reporting of interbranch or intragroup transactions required? Are there any exemptions that apply to such trading activity? An ‘interbranch transaction’ is a transaction that occurs between branches of the same legal entity e.g. a Sydney branch enters into a trade with a Singapore branch of the same firm. An ‘intragroup transaction’ is a transaction […]
Identifier of the floating rate of leg 1 and 2 – MAS Rewrite
Latest Go-Live: Blueberry x TRAction
Blueberry has officially launched its advanced transaction reporting in Australia using TRAction’s trade reporting solution, seamlessly integrated with MetaTrader 4 (MT4). TRAction’s integration with MT4 has been harnessed to facilitate ASIC transaction reporting for Blueberry. TRAction’s, a leading provider of trade reporting solutions, and MT4, a recognised electronic trading platform, place great importance on the […]
