TRAction Fintech and UnaVista partner in reg reporting for FX and CFD brokers
Sydney and London based regulatory reporting solutions specialist firm TRAction Fintech has announced an expanded collaborative partnership with UnaVista, London Stock Exchange Group’s regulatory reporting platform.
The partnership is aimed at simplifying MiFID II, EMIR and SFTR regulatory reporting for FX and CFD brokers.
Together, TRAction Fintech and UnaVista stated that they enable easier integration of trading platforms with regulatory reporting systems, so that compliance can be achieved more efficiently. Data extraction, conversion and enrichment can be a complicated, expensive and risky process, the extent of which can be significantly minimised when utilising TRAction Fintech’s services integrated with UnaVista’s trade repository.
Quinn Perrott, co-CEO of TRAction Fintech noted,
“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.”
Michael Leach, MD of Sales UnaVista, continued,
“We have worked with TRAction since the implementation of MiFID II in January 2018 as an aggregator through our partnerships offering for our ARM. 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.”