TRAction Fintech’s Core Services

TRAction Fintech’s offering to clients revolves around three core services:

  • Data Extraction, Conversion and Enrichment
  • Specialist advisory and consultation
  • Reporting trades on your behalf

 

 

For example, TRAction Fintech will:

  1. Register your entity for a Legal Entity Identifier (LEI)
  2. Extract trade data from your platforms
  3. Convert trade data into the required formats
  4. Submit trade data to a Licensed Trade Repository
  5. Reconcile trades as required under law
  6. Provide a point of contact for any questions or concerns

TRAction will make it a whole lot easier to report rather than devoting internal resources to dealing with trade reporting obligations.

Trade Data Extraction, Conversion and Enrichment

Our solution covers the most commonly used trading platforms as well as platforms which have been self-developed or customised by the broker.  This includes:

  • MetaTrader 4
  • C-Trader
  • Currenex
  • IRESS
  • Market Pulse

For brokers running multiple platforms through a back office, we can review whether extracting the trading information from this system is the most appropriate.

Reporting Trades On Your Behalf

A major benefit to delegating your reporting to TRAction Fintech is we do all the necessary and complicated on boarding and uploading to a Licensed Australian Derivative Trade Repository (ADTR), currently the ADTRs licensed in Australia are DTCC Data Repository (Singapore) Pte Ltd (DTCC) and Chicago Mercantile Exchange Inc. (CME).

We also perform the testing and confirm that your data meets the requirements of lodgement with the ADTR.

Specialist Advisory and Consultation

The benefit of reporting through TRAction Fintech is that we make it a whole lot easier and more cost efficient than devoting your internal compliance, legal and management resources (or in some cases external compliance and legal resources) to dealing with the trade reporting obligations.  Understanding the legislation is the first step, and then applying them to your business creates an added layer of difficulty, especially as the principles agreed by the G20 are slowly rolled out, tested and refined around the world.

Through the industry experience of TRAction Fintech’s principals and the knowledge gathered engaging with regulators, trade repositories and the forex, CFD and binary options industries, TRAction Fintech is well-placed to help you navigate the complexities of complying with the ASIC trade reporting rules.

Costs of TRAction Services

All of our services which add a lot of value to your business come at the same cost you would otherwise pay if you went direct to a trade repository (an Australian Derivative Trade Repository (ADTR)).  However instead of paying the trade repository, we will bill you and manage your relationship with the trade repository to ensure it runs smoothly.

Our service costs no more than what it would for an entity to report directly to an ADTR, with lots of added inclusions.

TRAction will make it a whole lot easier to report rather than devoting internal resources to dealing with trade reporting obligations.

Contact Us for further information.