Trading reporting solution provider TRAction and online market maker and connectivity provider iSAM Securities have announced a new integration between TRAction’s reporting platform and iSAM Securities’ liquidity bridge, APEX. In response to the regulatory emphasis on the importance of data quality, the recent integration aims to streamline the reporting process, ensure data submission accuracy and ease the operational burden of existing and incoming reporting requirements.
iSAM Securities said it places a high priority on facilitating trade reporting for its clients, recognizing the importance for brokers to comply with regulatory requirements, maintain their licence.
The new integration extends the reporting capabilities of iSAM Securities clients to help receive and transmit raw data directly from the iSAM Securities APEX bridge to TRAction, to support all major trade reporting regimes including EMIR, MIFIR, ASIC, MAS , CFTC and Canada. Thanks to the union with TRAction, brokers using iSAM Securities as a bridge provider can now automatically generate regulatory reports based on raw data collected in their system and transmit them to TRAction without manual intervention to ensure reporting requirements are met daily.
TRAction, which specializes in regulatory reporting to simplify compliance for asset managers, offers its clients a range of pre-built integrations to help minimize the manual processes involved in their ever-increasing daily reporting obligations, including new upcoming requirements such as EMIR Refit. as well as the upcoming ASIC and MAS re-registrations.
With this integration, firms using the iSAM Securities APEX bridge can seamlessly perform their daily trade reporting processes by allowing TRAction to automatically extract, transform, enrich and report their data in the appropriate format. This direct connection eliminates the need for manual data collection, reducing the potential for errors and improving the quality of daily reports.
TRAction’s latest integration with iSAM Securities is now live. Additionally, existing clients can easily transition to using the integration provided they use or plan to use iSAM Securities as a liquidity or connectivity provider in the future.
Quinn Perrott, Co-CEO, TRAction, commented:
“To meet regulatory obligations, it is now vital for companies to work with specialist technology partners to share the burden of implementing complex requirements. If you are considering outsourcing your trading reporting to TRAction, you may be wondering if they can integrate with your trading platform. At TRAction, we understand that outsourcing your trade reporting should relieve your stress, not add to it. TRAction works to integrate with as many trading venues as possible, including the iSAM Securities APEX bridge. We also remain open to integration and development work with other trading platforms and back-office solutions that help make operations more convenient.”
Head of Technology Business Development at iSAM Securities, Dennis Weissert, said:
“When it comes to our clients, we fully recognize the importance of reporting. In partnership with TRAction, clients will benefit from automated regulatory reporting from the iSAM Securities APEX bridge, which combines high-quality data with a more streamlined reporting process. At iSAM Securities, our clients’ needs are at the forefront of what we do. With this partnership, we have combined our market-leading connectivity with accurate and efficient reporting to ensure the most positive experience for all our customers.”
About TRAction
TRAction is a major provider of regulatory reporting solutions worldwide, with more than 400 companies in Europe, the UK, Australia, Singapore and Canada already relying on its services. TRAction is a full-service regulatory trade information business with the following core services: 1) Data extraction and conversion to trade repository format. 2) Incorporating and submitting trades to an approved trade repository or Authorized Reporting Mechanism (ARM). and 3) Understanding the transaction reporting rules and how they apply in practice for businesses.
About iSAM Securities
Regulated by the FCA, SFC and CTFC, and CIMA registered, iSAM Securities is a leading algorithmic trading firm and trusted electronic market maker, providing liquidity, technology and leading service partners to institutional clients and trading venues worldwide . The firm offers full prime brokerage and execution services through its proprietary cutting-edge technology, as well as leading market analytics, cleared through the Prime Brokers group bank. For more information, visit isam-securities.com.
The iSAM Securities brand includes iSAM Securities (UK) Limited, iSAM Securities (HK) Limited, iSAM Securities (Global) Limited, iSAM Securities (USA) Inc. and iSAM Securities Limited.