Andrew Ralich, CEO of oneZero, said: oneZero’s mission is to give our customers greater control throughout the entire trading lifecycle. By offering the widest-possible offering of post-trade Regulatory Vendors, we are giving customers the ability to seamlessly integrate with the vendor of their choice – no matter how their business changes or evolves to market…
Read moreThe following article was written by Quinn Perrott, General Manager of regulatory and compliance solutions provider TRAction Fintech. Natural person identifiers are an important part of transaction reporting and contain some complexity in their application due to the variety of identifiers available. It’s widely-known that corporate counterparties need to be identified by their legal entity…
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Data input for MiFID II / MiFIR transaction reporting is not necessarily straightforward, so you should make sure that you are collecting the correct information from clients. Quinn Perrott, General Manager of regulatory and compliance solutions provider TRAction Fintech, explains. MiFIR introduces many requirements in respect of transaction reporting, including the requirement to report a wider…
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The following article was written by Quinn Perrott, General Manager of regulatory and compliance solutions provider TRAction Fintech. Starting on 3 January 2018 are both MiFIR and MiFID II. MiFIR applies in all European Union states regardless of domestic implementation. However, as a directive of the European Commission, MiFID II requires enactment into the national…
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The following article was written by Sophie Gerber, Director of regulatory and compliance solutions provider TRAction Fintech. Time is of the essence in the lead-up to MiFID II and MiFIR What is the implementation date for MiFIR & MiFID II? Wednesday 3rd January 2018. Is there likely to be any grace period for MiFID II…
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Regulatory and reporting solutions provider TRAction Fintech and trading software company oneZero Financial Systems have announced a collaborative partnership aimed at simplifying MiFID II and EMIR transaction reporting for FX and CFD brokers. TRAction Fintech is a specialist in regulatory reporting, offering transaction reporting services for MiFID II/ MiFIR and EMIR. oneZero provides execution software…
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The following article was written by Sophie Gerber, Director of regulatory and compliance solutions provider TRAction Fintech. As some of the largest-scale reforms for the European financial services industry, MiFID II and MiFIR which will be implemented on Wednesday, 3 January 2018 are set to cost billions of dollars in implementation costs and ongoing compliance…
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The following article was written by Quinn Perrott, General Manager of regulatory and compliance solutions provider TRAction Fintech. What is Commodity Position Reporting? With the implementation of MiFID II on 3rd January 2018, limits will apply to the net position a person can hold in commodity derivative contracts. These limits will be set by the…
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LeapRate was first to report last week on the Australia government's move to change rules regarding what Retail Forex brokers, and those other regulated entities handling client money, can and cannot do with that money. There seems to still be some confusion out there in Forex-land as to what those rules were, what they will…
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Financial services company TRAction Fintech has launched in the UK and Europe to assist brokers with reporting trades under the EMIR and MiFID legislation. When asked how TRAction Fintech planned to differentiate themselves in the competitive UK marketplace Quinn Perrott, General Manager, responded: There are 2 key areas where we think TRAction Fintech really distinguishes itself…
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