Blueberry, the Forex and CFD broker formerly known as Blueberry Markets, has rolled out a new transaction reporting system in Australia. The system integrates TRAction's reporting solution with the popular MetaTrader 4 (MT4) platform, aiming to simplify the broker's regulatory compliance processes.

Blueberry Streamlines Regulatory Reporting with New TRAction and MT4 Integration

This launch comes on the heels of Blueberry Australia Pty Ltd, the company's local entity, receiving approval from the Australian Securities and Investments Commission (ASIC) to operate as a retail CFDs brokerage.

The new integration is designed to streamline ASIC transaction reporting for Blueberry, addressing the growing complexity of compliance requirements in the financial sector.

“This partnership showcases our commitment to delivering seamless and compliant solutions, alleviating the burden of trade reporting on teams and allowing for increased capacity to focus on services,” Quinn Perrott, co-CEO at TRAction, commented.

The system allows TRAction to pull data directly from MT4, ensuring accurate and timely reporting submissions. This capability is particularly valuable given recent regulatory changes, including updates to EU EMIR Refit and upcoming modifications to similar rules in the UK, Australia, and Singapore.

“As a globally regulated broker, precise and efficient data reporting is the cornerstone of our commitment to trust and transparency with our clients and regulators,” Dean Hyde, Founder and Managing Director of Blueberry, said.

“This integration with TRAction and MT4 not only simplifies our complex reporting requirements but also keeps us at the forefront of evolving regulatory demands, allowing us to consistently deliver an unparalleled trading experience,” Hyde added.

The launch of the new reporting system coincides with Blueberry's recent rebranding efforts. The company dropped “Markets” from its name and refreshed its visual identity with a new logo and platform design.

Blueberry Launched Prop Trading Platform

Blueberry Markets, like several other brokers, previously grey-labeled MetaTrader licenses to prop trading firms. However, earlier this year, multiple props reported that Blueberry had asked them to halt new client onboarding on MT platforms. This move came in response to regulatory scrutiny surrounding MetaQuotes' popular trading tools in the United States.

Seizing the opportunity, Blueberry decided to follow the trend of many regulated FX/CFD brokers by launching its own proprietary trading platform called Blueberry Funded. This initiative took place during the summer months of 2024.

The prop trading space has seen an influx of brokers offering similar services. ThinkMarkets, IC Markets, Traders Trust, and Trade.com are among the latest entrants to launch prop trading services, capitalizing on the growing popularity of such offerings in the retail trading sector. They join early adopters like OANDA, Hantec Markets, and Axi, who were among the first established brokers to enter this market.