Transitioning to new EMIR & MiFIR Reporting

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 European Trade Repository by 30 November 2020. We understand the stress and inconvenience this may bring to CME’s existing clients in terms of switching to another TR, ARM or reporting delegate.

TRAction is here to help CME’s existing clients and ensure a smooth transition of reporting services on or before 30 November 2020.  We currently have over 80 clients and report over 7 million transactions each day.

TRAction have worked with the CME in Europe for several years so we are familiar with their systems, but we also work extensively with other TRs and ARMs so are able to help you manage this transition. 

This is how TRAction can help you:

  1. Easy transfer of data
  2. High level of expertise
  3. Friendly and dedicated team

Easy transfer of data

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 a direct connection with your platform or database to extract the relevant information or you can provide us with similar files to what you currently to send to CME.

High level of expertise

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 3 aspects of our all-rounded service for EMIRMiFIR and SFTR reporting:

  • Trade Data Extraction, Conversion and Enrichment
    We can use direct feeds from trading platforms and back-office systems of financial firms to export clients’ trade data and convert it into the required format for reporting.
  • Reporting Trades on your behalf
    We submit the required reporting to a Trade Repository (TR) or Approved Reporting Mechanism (ARM).
  • Advisory and Consultation
    We provide regular industry insights and regulatory updates, explain to our clients their obligations and attend to any questions.

In addition, we have recently launched our Best Execution Monitoring Service which includes a best execution monitor and RTS 27 and 28 report preparation. We offer a free trial period to all our reporting clients for the enjoyment of this brand-new experience of the innovative technology.  You will get this benefit too.

Friendly and dedicated team

We have a highly enthusiastic team with a client-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.

UK & Europe Trade Reporting - MiFID II

MiFID II extends the derivative transaction reporting obligations of MiFID to a larger group of businesses. Read More

UK & Europe Trade Reporting - EMIR

EMIR requires all market participants to report details of all derivative contracts (interest rate swaps, FX, credit, equity and commodity) to Trade Repositories. Read More

Australia Trade Reporting - ASIC

Find out more about the requirements for Australian OTC derivatives reporting under the ASIC regime. Read More

Singapore Trade Reporting - MAS

Find out more about the requirements for Singaporean OTC derivatives reporting under the MAS regime. Read More

Hong Kong Trade Reporting - HKMA

The Hong Kong Monetary Authority (HKMA) requires specified OTC derivative transactions to be reported to HKTR. HKMA reporting obligations in relation to retail OTC Derivatives will come into effect from 1 July 2017. Read More