4 Common Mistakes with ASIC Trade Reporting – do they look familiar to you?

ASIC Reporting Errors

TRAction has identified 4 common mistakes in ASIC trade reporting data. Ensuring the completeness and accuracy of your ASIC trade reporting is important and hence you should take time to review your reporting process against the list below:

  1. Only OTC derivatives trades need to be reported
  2. Only trades related to you (Australian entity) matter
  3. Reporting all trading platforms and systems
  4. Full visibility of your reportable trade accounts (only applicable to clients using MT4 API, MT4 & MT5 linked servers)

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