June 19, 2024
In a significant development for the financial trading sector, TRAction, a leading provider of regulatory reporting solutions, has announced a strategic partnership with iSAM Securities. This collaboration aims to integrate TRAction’s sophisticated reporting platform with iSAM Securities’ APEX liquidity bridge, offering enhanced transparency and compliance for trading activities.
Enhancing Regulatory Compliance and Liquidity Management
The integration of TRAction’s reporting platform with APEX, iSAM Securities’ liquidity bridge, marks a substantial leap forward in the automation and accuracy of trade reporting for brokers and trading firms. This partnership addresses the increasing regulatory demands on financial institutions to provide comprehensive and timely trade reports.
TRAction specializes in delivering automated reporting solutions for a variety of regulatory frameworks, including MiFID II, EMIR, and ASIC. iSAM Securities provides cutting-edge liquidity management solutions through its APEX liquidity bridge, which facilitates efficient order routing and trade execution across multiple liquidity providers.
Streamlined Reporting and Enhanced Liquidity
The key benefits of this integration include:
- Automated Regulatory Reporting: TRAction’s platform will seamlessly capture and process trade data from APEX, ensuring compliance with various regulatory requirements without the need for manual intervention.
- Real-Time Data Synchronization: The integration allows for real-time synchronization of trading data between APEX and TRAction’s reporting systems, providing accurate and up-to-date information for compliance reporting.
- Enhanced Trade Execution: APEX’s ability to aggregate liquidity from multiple sources ensures optimal trade execution, while TRAction’s platform provides the necessary oversight and reporting tools to monitor compliance effectively.
“This partnership is a testament to our commitment to providing clients with seamless solutions that combine liquidity management with comprehensive regulatory reporting,” said Aaron Hall, CEO of TRAction. “By integrating with iSAM Securities’ APEX, we can offer our clients a more efficient and accurate way to meet their reporting obligations while optimizing their trading operations.”
Comprehensive Integration Benefits
For brokers and trading firms, the integration offers several advantages:
- Efficiency Gains: Automating the reporting process reduces the administrative burden on firms, allowing them to focus more on their core trading activities.
- Risk Mitigation: The combined solution helps in mitigating compliance risks by ensuring that all trades are accurately reported in line with regulatory standards.
- Scalability: Firms can easily scale their operations without worrying about the complexities of regulatory reporting, as the integrated solution adapts to growing trade volumes and regulatory changes.
“We are excited to partner with TRAction to bring this integrated solution to the market,” said Daniel Murray, CEO of iSAM Securities. “Our clients can now benefit from APEX’s superior liquidity management capabilities combined with TRAction’s robust reporting solutions, making their trading activities more transparent and compliant.”
Market Impact and Future Developments
This partnership positions both TRAction and iSAM Securities at the forefront of innovation in trading technology and regulatory compliance. As regulatory scrutiny intensifies, the demand for integrated solutions that streamline compliance processes is expected to grow.
The collaboration between TRAction and iSAM Securities sets a new standard for the industry, providing a comprehensive solution that addresses both the operational and regulatory challenges faced by trading firms.
Looking Ahead
Moving forward, TRAction and iSAM Securities plan to explore further enhancements to their integrated solution, including the addition of advanced analytics and reporting tools that provide deeper insights into trading activities and compliance status. This will help clients not only meet regulatory requirements but also gain a strategic advantage through better data-driven decision-making.
The integrated platform is set to be available to clients by Q3 2024, with early access for selected users starting in the coming weeks.
