The partnership is aimed at simplifying MiFID II, EMIR and SFTR reporting for forex and CFD brokers.
TRAction Fintech has revealed exclusively to Finance Magnates this Thursday that it has expanded its partnership with UnaVista, the regulatory reporting platform of the London Stock Exchange Group (LSEG).
In particular, the two regulatory firms have gone into an expanded collaborative partnership, which is aimed at simplifying MiFID II, EMIR and SFTR reporting for Forex and CFD brokers.
Under the agreement, TRAction Fintech’s trade and transaction regulatory reporting services for financial products, including OTC FX and Derivatives, have been integrated with UnaVista’s trade repository.
Commenting on the partnership, Quinn Perrott, co-CEO of TRAction Fintech said in the statement seen by Finance Magnates: “Having used multiple different trade repositories we have a variety of experience and consider that UnaVista are of the highest standard in the market for usability and customer service. They combine the backing and foundation of London Stock Exchange Group with the agility and hands on approach of a fintech start-up.”
TRAction Fintech advanced due to CME closing Trade Repositories
Although the expanded partnership between TRAction and UnaVista was in the works before CME Group announced that it was closing down its European and Australian Trade Repositories, TRAction Fintech confirmed to Finance Magnates that the exit of CME Group did push the deal forward between the two companies, as the need for regulatory reporting services is even greater now.
Not only is CME closing down its Trade Repositories, but it will be winding down its Abide Financial and NEX Regulatory Reporting businesses, with all of the services to be closed by the 30th of November, 2020.
“We have worked with TRAction since the implementation of MiFID II in January 2018 as an aggregator through our partnerships offering for our ARM,” added Michael Leach, MD of Sales UnaVista.
“They have been straightforward and easy to deal with, showing great skill in handling the reporting process for a large number of clients and transaction volumes. We look forward to now also providing TRAction Fintech and their clients with EMIR and SFTR trade repository services.”
TRAction Fintech has revealed exclusively to Finance Magnates this Thursday that it has expanded its partnership with UnaVista, the regulatory reporting platform of the London Stock Exchange Group (LSEG).
In particular, the two regulatory firms have gone into an expanded collaborative partnership, which is aimed at simplifying MiFID II, EMIR and SFTR reporting for Forex and CFD brokers.
Under the agreement, TRAction Fintech’s trade and transaction regulatory reporting services for financial products, including OTC FX and Derivatives, have been integrated with UnaVista’s trade repository.
Commenting on the partnership, Quinn Perrott, co-CEO of TRAction Fintech said in the statement seen by Finance Magnates: “Having used multiple different trade repositories we have a variety of experience and consider that UnaVista are of the highest standard in the market for usability and customer service. They combine the backing and foundation of London Stock Exchange Group with the agility and hands on approach of a fintech start-up.”
TRAction Fintech advanced due to CME closing Trade Repositories
Although the expanded partnership between TRAction and UnaVista was in the works before CME Group announced that it was closing down its European and Australian Trade Repositories, TRAction Fintech confirmed to Finance Magnates that the exit of CME Group did push the deal forward between the two companies, as the need for regulatory reporting services is even greater now.
Not only is CME closing down its Trade Repositories, but it will be winding down its Abide Financial and NEX Regulatory Reporting businesses, with all of the services to be closed by the 30th of November, 2020.
“We have worked with TRAction since the implementation of MiFID II in January 2018 as an aggregator through our partnerships offering for our ARM,” added Michael Leach, MD of Sales UnaVista.
“They have been straightforward and easy to deal with, showing great skill in handling the reporting process for a large number of clients and transaction volumes. We look forward to now also providing TRAction Fintech and their clients with EMIR and SFTR trade repository services.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!