DeltaStock AD, an Investment firm licensed in Bulgaria, has partnered with TRAction, a leading regulatory technology provider for trade reporting solutions to assist its compliance with European EMIR regulations.
DeltaStock utilises TRAction’s comprehensive regulatory reporting solution for their European Market Infrastructure Regulation (EMIR) reporting obligations. Under EMIR, all counterparties are required to report details of any derivative contract they have concluded, or which the counterparty has modified or terminated. With TRAction’s reporting solution, DeltaStock will relieve the burden on their internal resources assigned to trade reporting and ensure the reporting requirements and industry standards are met accurately.
TRAction specialises in regulatory reporting and supports financial firms, brokers, investment managers, banks and electricity suppliers with their ever-growing daily reporting obligations. At present, TRAction supports clients reporting under EMIR, MiFID II/MiFIR, SFTR, ASIC, MAS, Canada and Best Execution for MiFID II and MAS, as well as the new upcoming requirements for EMIR Refit and both the ASIC and MAS rewrites.
The partnership is now live and in production, with DeltaStock deploying TRAction’s solution in recent weeks.
Quinn Perrott, co-CEO, TRAction, commented:
“TRAction is pleased to provide DeltaStock with our regulatory reporting technology to support their EMIR reporting obligations. By leveraging TRAction’s regulatory technology and expertise, DeltaStock is able to simplify their trade reporting process. This approach not only reduces operational burden but also minimises the risk of non-compliance, ensuring peace of mind for DeltaStock, allowing them to focus on their product and growth ambitions.”
Galya Yordanova, Head of compliance at DeltaStock, commented:
“We recently started working with TRAction Fintech to cover our EMIR reporting obligations. Their team is incredibly knowledgeable, responsive, and willing to go the extra mile to assist us whenever we had any questions or needed help with our reporting. We view TRAction Fintech as a valued partner and hope we can work with them for years to come.”
TRAction is already a major provider of regulatory reporting solutions globally, with over 400 firms across Europe, UK, Australia, Singapore and Canada already relying on its services.
TRAction is a full service regulatory trade reporting business, with the following core services: 1. Data extraction and conversion to the trade repository format. 2. On-boarding and submission of trades to an approved trade repository or Approved Reporting Mechanism (ARM) and 3. Understanding the trade reporting rules and how they practically apply for firms.
Deltastock is a licensed Investment Firm with over 25 years of experience in the financial markets, regulated by the Financial Supervision Commission (FSC) in Bulgaria and passported under MiFID II.