In the midst of an unprecedented global crisis, CME Group has announced its closure of most of its regulatory reporting services including NEX Regulatory Reporting and the CME Australian Trade Repository by 30 November 2020. We are disappointed to see the market losing a piece of key regulatory infrastructure, and also understand the stress and inconvenience it may bring to its existing clients in terms of switching to other reporting delegate.
If you are currently a client of the CME’s regulatory reporting entities, TRAction is here to help you and ensure a smooth transition of reporting services on or before 30 November 2020.
TRAction have been a long-standing partner of both trade repositories in Australia, DTCC and CME, for the past 5 years since establishment of our business. We are familiar with their reporting business.
This is how TRAction can help you:
TRAction’s motto is to provide seamless reporting services to all our clients to simplify their trade reporting process. When you switch to us, we can either set up direct connection with your platform to extract data or you can provide us with the same files you used to send to the CME’s regulatory reporting entities.
CME’s ADTR has a fee cap in its pricing structure. If you switch to TRAction before the end of this billing year, we will credit any amounts paid to CME towards the fee cap until the next billing year begins. This will give you the comfort of beginning your transition now and not suffering any financial penalty for doing so.
Trade reporting is TRAction’s core business which means we only do the reporting and nothing else. We invest all our time and energy in developing innovative and streamlined methods to report your trades. We excel in what we do and we are proud of what we’ve achieved. See below for the 3 aspects of our all-rounded services:
We have a highly enthusiastic team with customer-focused mindset. We strive to stand in the shoes of our clients in order to deliver more effective solutions to them and reduce the gaps in communication. With our talented staff, we can also provide services in multiple languages if required.
Call us today or leave a message in the box on the right to find out how we can help you with the transition.
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