TraderEvolution and TRAction Partner to Automate EMIR and MiFIR Trade Reporting

Quick Summary

TraderEvolution has integrated TRAction’s trade reporting solution to automate EMIR and MiFIR compliance for financial firms. This partnership enables seamless data extraction directly from the trading platform, significantly reducing manual intervention and operational burdens for brokers, banks, and investment managers operating across Europe and the UK markets.

How Does the TraderEvolution Integration Simplify Compliance?

The new trade reporting solution integration addresses the growing complexity of regulatory reporting workflows by automating the extraction of transaction data. By connecting TRAction’s specialized reporting engine directly to the TraderEvolution multi-asset infrastructure, firms can ensure accurate data conversion without the need for manual spreadsheets or fragmented systems. This setup is specifically designed to handle EMIR and MiFIR requirements, which are notoriously stringent regarding data precision and submission timelines.

• Automated Data Extraction: Pulls trade details directly from the core trading engine.
• Regulatory Alignment: Supports both current and upcoming European reporting mandates.
• Reduced Operational Risk: Minimizes human error by removing manual reporting steps.

What Benefits Does This Provide to Multi-Asset Brokers?

For brokerage companies, the primary advantage lies in operational efficiency gains. By offloading the technical burden of transaction reporting requirements to a specialized provider, firms can reallocate resources toward core brokerage services and client acquisition. The integration is available to all electronic financial services companies using TraderEvolution Global as their core trading infrastructure, providing a liquidity-neutral foundation that supports equities, FX, CFDs, and cryptocurrencies.

"Partnering with TRAction allows us to extend the value of our platform by delivering a fully integrated, efficient trade reporting solution. This integration will be available to all electronic financial services companies which have the TraderEvolution Global platform as their core infrastructure, reinforcing our commitment toward constant innovation which benefits all brokerage companies. This integration means brokers need to spend significantly less time managing reporting obligations giving them more capacity to focus on core services." said Roman Nalivayko, CEO of TraderEvolution Global.

How Does TRAction Support Global Regulatory Standards?

TRAction currently serves over 800 financial firms globally, bringing massive scale to the TraderEvolution ecosystem. Their expertise in trade repository connectivity ensures that data is not just extracted, but formatted correctly for various jurisdictions including the UK, Europe, Australia, and Singapore. This collaboration reinforces a seamless compliant solution approach, allowing firms to scale their operations across borders without fearing the overhead of localized compliance nuances.

"We’re pleased to introduce our latest integration with TraderEvolution, designed to help firms streamline their EMIR and MiFIR reporting processes for increased efficiency. This collaboration reinforces our ongoing commitment to simplifying trade reporting through seamless, compliant solutions." said Quinn Perrott, co-CEO at TRAction.

FF NEWS TAKE:

This integration is a significant win for the mid-tier brokerage market. By embedding a robust trade reporting solution directly into the trading stack, TraderEvolution and TRAction are effectively commoditizing complex compliance. It moves the needle by lowering the barrier to entry for new multi-asset brokers who previously struggled with the high cost of regulatory overhead. In an era of tightening scrutiny, automated reporting is no longer a luxury - it is a competitive necessity.