oneZero and TRAction Enhance Integration for Streamlined Trade Reporting Compliance

March 26, 2024 - Trading technology solutions provider oneZero and trade reporting services provider TRAction have announced an enhancement to their existing integration, aimed at simplifying compliance for brokers in the face of evolving regulatory requirements.

TRAction, known for its pre-built integrations with trading platforms to minimize manual processes in daily reporting obligations, has leveraged oneZero's cloud-based business intelligence toolkit, Data Source, to seamlessly extract trade data for automated and efficient compliance.

By utilising oneZero's trade and quote data series, TRAction streamlines the regulatory reporting process, ensures accurate data submission, and reduces the operational burden associated with meeting both existing and new reporting requirements, such as the EMIR Refit and upcoming ASIC and MAS rewrites.

Quinn Perrott, co-CEO of TRAction, commented, "TRAction Fintech is pleased to expand its partnership with oneZero and continue our commitment to simplifying trade reporting. By leveraging the power of oneZero's technology we continue to provide our clients with a solution that streamlines their reporting processes and addresses the evolving complexities of trade reporting in today's landscape."

Andrew Ralich, CEO and Co-Founder of oneZero, added, "As a market-neutral technology provider, our aim is to provide transparency and control to clients throughout the trade lifecycle, and that includes providing data accessibility to the range of vendors with whom our clients choose to work. For years oneZero has operated as an industry leader through building our liquidity-neutral EcoSystem on behalf of our clients.

"This enhanced integration with TRAction demonstrates how our accessible data framework provides the flexibility for our clients and partners to seamlessly access the trade data needed to drive value not only at the point of transaction, but in post trade as well. The integration makes the process of providing consistent, robust reporting effortless for clients and gives them the assurance they require in the changing regulatory landscape of 2024 and beyond."