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TRAction, a regulatory trade reporting provider, has launched an integration with TraderEvolution, a multi-asset enterprise trading technology firm, enabling automated transaction reporting for firms operating under European and UK regulatory frameworks.
The integration allows for direct data extraction from the TraderEvolution platform, supporting accurate and timely submission of reports under the European Market Infrastructure Regulation (EMIR) and the Markets in Financial Instruments Regulation (MiFIR). The arrangement is designed to reduce manual intervention in daily compliance workflows and help firms meet both current and forthcoming regulatory obligations.
TRAction is a full-service regulatory reporting business serving over 800 firms across Europe, the UK, Australia and Singapore. The firm supports banks, brokers, investment managers and other regulated entities through pre-built integrations with trading platforms. TraderEvolution is a provider of multi-asset enterprise trading infrastructure used by electronic financial services companies and brokerage firms.
Quinn Perrott, Co-CEO, TRAction
Quinn Perrott, Co-CEO, TRAction said:
"We're pleased to introduce our latest integration with TraderEvolution, designed to help firms streamline their EMIR and MiFIR reporting processes for increased efficiency. This collaboration reinforces our ongoing commitment to simplifying trade reporting through seamless, compliant solutions. By significantly reducing the operational burden associated with regulatory reporting, this integration allows firms to dedicate greater focus to their core services, reflecting TRAction's continued commitment to delivering efficient and scalable reporting solutions."
Roman Nalivayko, CEO, TraderEvolution Global
Roman Nalivayko, CEO, TraderEvolution Global commented:
"Partnering with TRAction allows us to extend the value of our platform by delivering a fully integrated, efficient trade reporting solution. This integration will be available to all electronic financial services companies which have the TraderEvolution Global platform as their core infrastructure, reinforcing our commitment toward constant innovation which benefits all brokerage companies. This integration means brokers need to spend significantly less time managing reporting obligations giving them more capacity to focus on core services."
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