London-based regulatory reporting solutions provider TRAction has announced that Bulgaria-based CFDs broker DeltaStock AD will deploy its trade reporting solutions to help comply with European EMIR regulations.
DeltaStock now uses TRAction’s comprehensive regulatory reporting solution for its European Market Infrastructure Regulation (EMIR) reporting obligations. Under EMIR, all counterparties are required to report details of any derivative contract they have entered into or which the counterparty has amended or terminated. With TRAction’s reporting solution, DeltaStock will relieve the burden on its internal resources allocated to trade reporting and ensure that reporting requirements and industry standards are accurately met.
TRAction specializes in regulatory reporting and supports financial firms, brokers, investment managers, banks and electricity suppliers with their ever-increasing daily reporting obligations. Currently, TRAction supports clients reporting under EMIR, MiFID II/MiFIR, SFTR, ASIC, MAS, Canada and Best Execution for MiFID II and MAS, as well as the new upcoming requirements for EMIR Refit and re-registrations ASICs and MASs.
The partnership is now live and in production, with DeltaStock developing TRAction’s solution over the past few weeks.
Quinn Perrott, Co-CEO, TRAction, commented:
“TRAction is pleased to provide DeltaStock with our regulatory reporting technology to support its EMIR reporting obligations. By leveraging TRAction’s regulatory technology and expertise, DeltaStock is able to streamline its trade reporting process. This approach not only reduces operational burden, but also minimizes the risk of non-compliance, providing peace of mind for DeltaStock, allowing them to focus on their product and growth ambitions.”
Galya Yordanova, Head of Compliance at DeltaStock, commented:
“We recently started working with TRAction Fintech to cover EMIR reporting obligations. Their team is incredibly knowledgeable, responsive, and willing to go the extra mile to help us whenever we had questions or needed help with our reports. We consider TRAction Fintech a valuable partner and hope we can work with them for years to come.”
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 reporting business, with the following core services: 1. Extraction and conversion of data into trade repository format, 2. Incorporation and submission of trades to an approved trade repository or Authorized Reporting Mechanism (ARM), and 3 .Understanding transaction reporting rules and how they apply in practice for businesses.
About DeltaStock
DeltaStock is a licensed investment firm with over 25 years of experience in the financial markets, which is regulated by the Financial Supervisory Commission (FSC) in Bulgaria and has a MiFID II passport.