Tools for Brokers, a global FinTech provider for brokerages and hedge funds, and TRAction, a leading trade and transaction reporting service, have entered into a strategic partnership to streamline regulatory reporting for financial institutions and brokers.
According to Finextra, the partnership focuses on integrating TRAction’s regulatory reporting solution into TFB’s flagship product, Trade Processor. This collaboration aims to simplify compliance processes, enhance operational efficiency, and reduce the reporting burden for brokers operating under EMIR, MiFIR, ASIC, and Best Execution Monitoring regimes.
Tools for Brokers, commonly known as TFB, develops innovative technology solutions designed to support retail brokerages and hedge funds with execution, liquidity, and analytics. Its Trade Processor platform already supports multi-platform execution, liquidity aggregation, and real-time data analytics. It also includes built-in reporting features that will now be extended to include automated, regulator-compliant reporting via this integration.
TRAction operates as a delegated reporting provider across Europe and Asia Pacific. The company bridges the gap between financial firms and regulatory bodies, converting complex transaction data into compliant reports for submission to Trade Repositories (TRs) and Approved Reporting Mechanisms (ARMs). Known for its innovation and reliability, TRAction helps firms meet regulatory obligations without needing to maintain costly in-house systems.
By combining their technologies, the two firms aim to provide clients with a unified, automated solution for trade reporting. Benefits include seamless onboarding, enhanced data continuity, better control, and improved reporting accuracy—all underpinned by comprehensive support from both partners. This partnership marks a significant step toward reducing operational friction in regulatory compliance.
TFB CEO Alexey Kutsenko said, “Reporting and compliance remain among the most important, and often most complex, challenges our clients face. With this integration, we’re strengthening the existing reporting capabilities of Trade Processor by adding direct access to automated, regulator-compliant reporting. TRAction’s proven expertise makes them an ideal partner, and we’re confident this collaboration will bring tangible value to our clients operating across global markets.”
TRAction co-CEO Quinn Perrot said, “Partnering with Tools for Brokers enhances our ability to support brokers globally with efficient, compliant trade reporting. TFB’s Trade Processor is a powerful solution that aligns perfectly with TRAction’s mission to simplify trade reporting. Together, we’re delivering an end-to-end process that saves time, reduces errors, and offers peace of mind to our clients.”
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