TRAction’s Core Services

Regulatory trade and transaction reporting can be complex and unwieldy. It ties up firm resources that could be otherwise used in the delivery of your products and services.

Different regions around the world have different reporting obligations so if you’re a cross-border business or aspire to be one, you face multiple sets of regulatory regimes to get on top of.  These include EMIR and MiFIR in Europe, ASIC Rules in Australia and MAS Requirements in Singapore.

TRAction charges the same fee as if you were to report directly to the relevant trade repository (“TR”) or approved reporting mechanism (“ARM”), so we can save you both time and money.

Benefits of Using a Deleagted Reporting Service

Using a delegated reporting provider can have the following benefits:

  1. reduce resources allocated to trade/transaction reporting so that you can focus on your core activities
  2. assist you in understanding your trade reporting obligations around the world
  3. allow you to gain comfort of any protections under the law for using an agent
  4. know that you are reporting in-line with industry peers

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

Trade/Transaction 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. These include MetaTrader 4 / MetaTrader 5, cTrader, Currenex, IRESS, Market Pulse. For brokers running multiple platforms through a back office, we can review whether extracting the trading information from the back office or the platforms is the most appropriate method.

Reporting Trades On Your Behalf

A major benefit to delegating your reporting to TRAction is that we do all the necessary and complicated on-boarding and upload your trade/transaction information to the relevant body (e.g. TR or ARM). We also perform the testing to confirm that your data meets the requirements of lodgment with the relevant regulatory body.

Specialist Advisory and Consultation

Understanding the reporting requirements (e.g. EMIR/ ASIC/ MiFIR/ MAS/ HKMA) is the first step, and then applying them to your business creates an added layer of difficulty.  The benefit of reporting through TRAction 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/ transaction reporting obligations.

Through the industry experience of TRAction’s principals and the knowledge gathered engaging with regulators and repositories, TRAction is well-placed to help you navigate the complexities of complying with the trade/transaction reporting rules in around the world.

Costs of TRAction Services

All of our services which add a lot of value to your business come at the same cost or less than you would otherwise pay if you went directly to a TR or ARM.  However, we will bill you and manage your relationship with the TR or ARM to ensure it runs smoothly.

If you think we could help in simplifying your trade reporting requirements in Australia or in one or more jurisdictions around the world, feel free to get in touch and we’d be happy to have a conversation.