Tools for Brokers (TFB) has teamed up with TRAction to embed automated regulatory reporting directly into its Trade Processor platform, aiming to simplify compliance for brokers and financial institutions.

Trade Processor Links Up with TRAction for Automated Regulatory Reporting

The partnership connects TRAction's reporting technology with Tools for Brokers' liquidity bridge system, allowing clients to automatically submit reports to regulators without leaving their existing trading infrastructure. The integration covers reporting requirements under EMIR, MiFIR, ASIC rules, and Best Execution Monitoring.

For brokers, this means they can handle their regulatory obligations through the same platform they use for trade execution and liquidity management. Tools for Brokers says its Trade Processor already includes built-in reporting features, but the TRAction integration adds direct submission capabilities to regulatory bodies.

“Reporting and compliance remain among the most important, and often most complex, challenges our clients face,” said Alexey Kutsenko, CEO of Tools for Brokers. “With this integration, we're strengthening the existing reporting capabilities of Trade Processor by adding direct access to automated, regulator-compliant reporting.”

Auto-Report Through Trading Platform

TRAction, which serves over 800 firms across Europe, the UK, Australia, Singapore, and Canada, acts as a middleman between financial companies and licensed Trade Repositories and Approved Reporting Mechanisms. The company takes raw transaction data and converts it into the specific formats regulators require.

Quinn Perrot, co-CEO of TRAction, said the partnership expands the company's reach in the global broker market. “TFB's Trade Processor is a powerful solution that aligns perfectly with TRAction's mission to simplify trade reporting,” he said. “Together, we're delivering an end-to-end process that saves time, reduces errors, and offers peace of mind to our clients.”

Many firms struggle with the technical and operational burden of maintaining in-house reporting systems that can keep up with changing rules. The integration is already live, with both companies saying they expect it to reduce onboarding time and improve data accuracy for their joint clients.

TFB recently introduced order splitting into its trade processor, allowing larger transactions to be broken down in order to achieve better execution pricing.