Tools for Brokers Partners with TRAction to Streamline Regulatory Reporting

Tools for Brokers (TFB) and TRAction have formed a strategic partnership to integrate TRAction's regulatory reporting solution with TFB's liquidity bridge platform, Trade Processor. The collaboration aims to simplify compliance processes for brokers and financial institutions operating under multiple regulatory frameworks.

The integration will enable reporting across EMIR, MiFIR, ASIC, and Best Execution Monitoring requirements through a unified system. The partnership promises streamlined client onboarding, improved data continuity and control, enhanced reporting accuracy, and reduced long-term operational costs.

Alexey Kutsenko, Chief Executive Officer of TFB, said: "Reporting and compliance remain among the most important, and often most complex, challenges our clients face. With this integration, we're strengthening the existing reporting capabilities of Trade Processor by adding direct access to automated, regulator-compliant reporting. TRAction's proven expertise makes them an ideal partner, and we're confident this collaboration will bring tangible value to our clients operating across global markets."

Quinn Perrot, Co-Chief Executive Officer of TRAction, commented: "Partnering with Tools for Brokers enhances our ability to support brokers globally with efficient, compliant trade reporting. TFB's Trade Processor is a powerful solution that aligns perfectly with TRAction's mission to simplify trade reporting. Together, we're delivering an end-to-end process that saves time, reduces errors, and offers peace of mind to our clients."

Tools for Brokers is a global fintech provider offering technology solutions for retail brokerages and hedge funds. Its Trade Processor platform supports multi-platform execution, liquidity aggregation, and real-time analytics, with existing built-in reporting and data monitoring features. The new integration extends these capabilities by enabling automated reporting directly to regulatory bodies through a delegated solution within the Trade Processor ecosystem.

TRAction is a delegated service provider offering trade and transaction reporting solutions across Europe and Asia Pacific. The company acts as an intermediary between financial firms and licensed Trade Repositories (TRs) and Approved Reporting Mechanisms (ARMs), transforming complex transaction data into regulator-ready reports. TRAction's services enable brokers to meet compliance requirements without maintaining in-house reporting systems.