Pinnacle IM Taps TRAction for Streamlined Transaction Reporting

Pinnacle Investment Management, multi-affiliate investment firm, has turned to  TRAction for help to enhance its transaction reporting for both European Market Infrastructure Regulation (EMIR) and Australian Securities & Investments Commission (ASIC) rules. Pinnacle will use TRAction’s trade reporting solution to simplify reporting processes and reduce the burden on internal resources. TRAction’s platform automates the submission of reports, while also helping Pinnacle to navigate complex reporting requirements to ensure compliance. The initiative comes as firms address recent and upcoming regulatory changes, such as the EMIR Refit (effective from April this year) and the ASIC Rewrite (coming into effect in October).