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.

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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 gives you the following benefits:

  1. Relieve burden on human and internal resources assigned to trade reporting;
  2. Understand their trade reporting obligations;
  3. Ensure the reporting requirements and industry standards are met; and
  4. Stay up-to-date with any regulatory change.

We make the process a whole lot easier and more cost-efficient than you 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.

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.

After data extraction, we enrich and validate your data to ensure it meets the submission requirements.

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 work for you, and manage any exceptions in your data before and after submitting your trade/transaction information to the relevant body (e.g. TR or ARM).

Specialist Advisory and Consultation

Understanding the complexity of the reporting requirements (e.g. EMIR/MiFIR/ASIC/MAS/HKMA) is the first step, and then applying them to your business creates an added layer of difficulty. We do this work for our clients by explain to them their obligations and requirements in an easy-to-understand ways, and provide regular industry updates.

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 directly and manage your relationship with the TR or ARM to ensure it runs smoothly.

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.

If you think we could help in simplifying your reporting process, feel free to get in touch with us.