Trade reporting solutions provider TRAction and electronic 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 alleviate the operational burden of existing and incoming reporting requirements.

iSAM Securities said it places a high priority on facilitating transaction reporting for its clients, recognising the importance for brokers to comply with regulatory requirements, to maintain their license.

The new integration expands iSAM Securities’ clients’ reporting capabilities to help capture and transmit raw data directly from iSAM Securities APEX bridge to TRAction, to support all the major transaction reporting regimes including EMIR, MIFIR, ASIC, MAS, CFTC and Canada. Thanks to the union with TRAction, brokers using iSAM Securities as their bridge provider can now automatically generate regulatory reports based on raw data captured in their system and transmit these to TRAction without manual intervention to ensure that reporting requirements are met each day.

TRAction, which specialises in regulatory reporting to simplify compliance for asset managers, offers its clients a range of pre-built integrations to help minimise the manual processes involved in their ever-growing daily reporting obligations, including new upcoming requirements such as the EMIR Refit, as well as the upcoming ASIC and MAS rewrites.

With this integration, firms using the iSAM Securities APEX bridge can seamlessly carry out their daily transaction reporting processes by enabling TRAction to automatically extract, convert, enrich and report their data in the appropriate format. This direct connection eliminates the need for manual data collection, reducing the likelihood of errors and improving daily reporting quality.

TRAction’s latest integration with iSAM Securities is now live. Additionally, existing clients can easily transition to use of the integration providing they use, or plan to use in future, iSAM Securities as a liquidity or connectivity provider.

Quinn Perrott, co-CEO, TRAction, commented:

“To meet regulatory obligations, it is now crucial for firms to work with specialised technology partners to share the burden of implementing complex requirements. If you’re considering outsourcing your transaction reporting to TRAction, you may be wondering if they can integrate with your trading platform. At TRAction, we understand that delegating your transaction reporting should relieve your stress, not add to it.  TRAction works to integrate with as many trading venues as possible, including iSAM Securities APEX bridge.  We also remain open to integrations and development work with other trading platforms and back-office solutions that help make operations more convenient.”

iSAM Securities’ Head of Technology Business Development, Dennis Weissert, stated:

“When it comes to our clients, we fully acknowledge the importance of reporting. In partnering with TRAction, clients will benefit from automated regulatory reporting from the iSAM Securities APEX bridge, combining high quality data with a more streamlined reporting process. At iSAM Securities, the needs of our clients are at the forefront of what we do. With this partnership in place, we have integrated our market leading connectivity with accurate and efficient reporting to ensure the most positive experience for all our clients.”

About TRAction

TRAction is a major provider of regulatory reporting solutions globally, with over 400 firms across Europe, 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) Data extraction and conversion to the trade repository format; 2) On-boarding and submission of trades to an approved trade repository or Approved Reporting Mechanism (ARM); and 3) Understanding the trade reporting rules and how they practically apply for firms.

About iSAM Securities

iSAM Securities, regulated by the FCA, SFC, and CTFC, and CIMA registered, is a leading algorithmic trading firm and trusted electronic market maker, providing liquidity, technology and prime services partner to institutional clients and trading venues globally. The firm offers full-service prime brokerage and execution via its cutting-edge proprietary technology, as well as market leading analytics, cleared through the group’s bank Prime Brokers. For further information, please visit, isam-securities.com.

The iSAM Securities brand includes entities iSAM Securities (UK) Limited, iSAM Securities (HK) Limited, iSAM Securities (Global) Limited, iSAM Securities (USA) Inc., and iSAM Securities Limited.