Rules and legislation currently governing the operating of the financial markets in the UK are set by the EU and are applicable to all EU members. As the UK begins its transition out of the EU, all eyes will be Continue reading
Exciting news! TRAction Fintech is a finalist of the 2017 Finnies Awards by FinTech Australia. TRAction Fintech entered in the categories of Emerging FinTech Organisation of the year, Excellence in Establishing Market Presence: Australia and Excellence in Regtech/Risk Management. Continue reading
ASIC has confirmed its position on trade reporting in its latest release about the Over The Counter (OTC) Derivatives market in the detailed report on the industry released in June 2016 titled Compliance Review of the Retail Continue reading
In case you missed it, the British population decided it would leave the European Union (EU), sending the finance industry into turmoil. Not only did the decision for Brexit have immediate effects on the finance industry but the impacts on Continue reading
The Monetary Authority of Singapore (MAS) published proposed updates to the Securities & Futures (Reporting of Derivatives Contracts) Regulations in January 2016. MAS is now looking to implement the required reporting of commodity and equity derivatives contracts to Continue reading
Despite what some brokers apparently believe, ASIC expects CFDs and margin FX to be reported and will use their enforcement powers to enforce this rule.
Through TRAction Fintech’s ongoing interaction with the FX and CFD industry in Australia, it has Continue reading
TRAction, the Australian fintech startup, has introduced a trade reporting and monitoring suite of services for foreign exchange and contracts for difference (CFD) brokers in the country, in accordance with the latest over-the-counter trade reporting legislation in the industry.
New Continue reading
Some Australian issuers of OTC derivatives will need to report for the first time their reportable transactions and reportable positions.
Under the ASIC Derivative Transaction Rules (Reporting) 2013 as amended (the Reporting Rules), Australian issuers of OTC derivatives (with less Continue reading
