In the midst of an unprecedented global crisis, CME Group has announced its closure of most of its regulatory reporting services including NEX Regulatory Reporting and the CME Australian Trade Repository by 30 November 2020. We are disappointed to see the market losing a piece of key regulatory infrastructure, and also understand the stress and inconvenience it may bring to its existing clients in terms of switching to other reporting delegate.

If you are currently a client of the CME’s regulatory reporting entities, TRAction is here to help you and ensure a smooth transition of reporting services on or before 30 November 2020.

TRAction have been a long-standing partner of both trade repositories in Australia, DTCC and CME, for the past 5 years since establishment of our business. We are familiar with their reporting business.

This is how TRAction can help you:

1. Easy transfer of data

TRAction’s motto is to provide seamless reporting services to all our clients to simplify their trade reporting process. When you switch to us, we can either set up direct connection with your platform to extract data or you can provide us with the same files you used to send to the CME’s regulatory reporting entities.

2. Honour your existing billing arrangement with CME

CME’s ADTR has a fee cap in its pricing structure. If you switch to TRAction before the end of this billing year, we will credit any amounts paid to CME towards the fee cap until the next billing year begins. This will give you the comfort of beginning your transition now and not suffering any financial penalty for doing so.

3. High level of expertise

Trade reporting is TRAction’s core business which means we only do the reporting and nothing else. We invest all our time and energy in developing innovative and streamlined methods to report your trades. We excel in what we do and we are proud of what we’ve achieved. See below for the 3 aspects of our all-rounded services:

  • Trade Data Extraction, Conversion and Enrichment
    We use direct feeds from trading platforms and back-office systems of financial firms to export clients’ trade data and convert it into the required format for reporting.
  • Reporting Trades on your behalf
    We submit the required reporting to trade repositories and regulatory bodies.
  • Advisory and Consultation
    We provide regular industry insights and regulatory updates, explain to our clients their obligations and attend to any questions.

4. Friendly and dedicated team

We have a highly enthusiastic team with customer-focused mindset. We strive to stand in the shoes of our clients in order to deliver more effective solutions to them and reduce the gaps in communication. With our talented staff, we can also provide services in multiple languages if required.

Call us today or leave a message in the box on the right to find out how we can help you with the transition.

Sophie Gerber

Sophie works in our Sydney office. She is co-CEO and founder of TRAction and focuses on assisting clients in Australia, Europe and Asia to meet their regulatory requirements with trade and transaction reporting solutions as well as development of the best execution platform. She has extensive experience in providing compliance and legal services to Australia’s financial services and credit participants. Her vast experience coupled with in-depth knowledge of business practicalities, regulatory compliance and financial services laws allow her to effectively and efficiently engage with clients.