About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

TRAction Rolls Out New Regulatory Reporting Solution

Subscribe to our newsletter

Regulatory reporting specialist TRAction has launched a new MiFID II reporting solution utilising Refinitiv data to help UK and European investment managers meet Best Execution requirements.

With around a fifth of all investment firms in talks with the FCA about errors in their transaction reporting under MiFID II, according to an FOI request carried about consultancy Duff & Phelps, demand is growing for more sophisticated Best Execution analysis.

The Best Execution Monitor from TRAction compares transaction reporting data against Refinitiv data from the relevant time a trade has been executed. The software then displays statistics about the quality and pricing of execution.

“With numerous firms still not getting their transaction reporting up to scratch two years on from MiFID II, there has never been a more pressing need to understand the quality of trades being executed,” explains Quinn Perrott, co-CEO of TRAction. “Our new solution leaves no stone unturned for investment managers. All trades will be required to be monitored, not just the ones required under the transaction reporting rules, but those trading on non-MiFID II trading venues.”

“While well intentioned and a step in the right direction, we found the MiFID II best execution legislation vague and lacking clear procedures,” adds Craig Allison, of FP Markets. “Using the TRAction fintech platform, the procedure and logic is clearly defined giving us the ability to view all transactions as compared to the equivalent Reuters data as well as being displayed in a graphical report.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to leverage Generative AI and Large Language Models for regulatory compliance

Date: 8 May 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Generative AI (GenAI) and Large Language Models (LLMs) offer huge potential for change across capital markets, not least in regulatory compliance where they have the capability to help firms understand and interpret regulations, automate compliance, monitor transactions in real...

BLOG

EU Parliament Approves Landmark Artificial Intelligence Act

The EU Parliament has approved the Artificial Intelligence Act, marking the world’s first regulation of AI. The regulation establishes obligations for AI based on its potential risks and level of impact and is designed to ensure safety and compliance with fundamental rights, democracy, the rule of law and environmental sustainability, while boosting innovation. The act...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...