In a bid to simplify the complex world of trade reporting compliance, oneZero Financial Systems, a multi-asset enterprise trading technology company, and TRAction, a provider of regulatory reporting solutions, have announced a significant upgrade to their existing integration.

This enhanced collaboration aims to provide brokers with a seamless, automated, and efficient means of meeting their reporting obligations.

oneZero and TRAction Collaborate to Enhance Trade Reporting Integration

The integration leverages oneZero's Data Source, a cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based business intelligence toolkit, to extract trade data directly and efficiently. By leveraging oneZero's trade and quote data series, TRAction can now streamline the regulatory reporting process, ensure accurate data submission, and reduce the operational burden associated with meeting existing and new reporting requirements, such as the EMIR Refit and upcoming ASIC ASIC The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the Read this Term and MAS rewrites.

"Our commitment to simplifying trade reporting remains steadfast,” Quinn Perrott, the Co-CEO of TRAction, said. “By harnessing the capabilities of oneZero's technology, we continue to empower our clients with a solution that not only streamlines their reporting processes but also navigates the intricacies of trade reporting in an ever-changing landscape."

oneZero and TRAction have joined forces to simplify trade reporting solutions, providing brokers with automated, efficient compliance through oneZero’s Data Source. Learn how this partnership simplifies regulatory reporting in today's dynamic landscape: https://t.co/lJF0qXEINZ pic.twitter.com/LTp824bOr3

— oneZero Financial Systems (@oneZeroFS) March 26, 2024

TRAction, with a global presence and a client base exceeding 700 firms across Europe, the UK, Australia, Singapore, and Canada, offers a suite of regulatory trade reporting services. These include data extraction and conversion, trade submission to approved repositories or Approved Reporting Mechanisms, and guidance on understanding and applying trade reporting rules.

"This enhanced integration with TRAction showcases the versatility of our accessible data framework, enabling our clients and partners to effortlessly access the necessary trade data to drive value at both the point of transaction and in post-trade processes," the CEO and Co-Founder of OneZero, Andrew Ralich, added.

This marks another collaboration for TRAction over the past month. In February, TRAction and PrimeXM partnered to offer clients easier trade reporting and competitive pricing via MT4, TraderEvolution, and TradingView. Earlier in October, the company integrated cTrader into its reporting platform.

What's New at OneZero?

This month, OneZero announced a partnership with Finalto Asia to enhance liquidity offerings for trading customers across the Asia-Pacific region. The collaboration includes integrating the Equinix Tokyo data center into OneZero's existing network infrastructure in New York and London. This extension significantly broadens the availability of Finalto's specialized liquidity services for clients in the Asia-Pacific market.

In the first half of March, Nikolas Aresti announced his new position as the Director of Operations for the US/UK at oneZero Financial Systems.