DeltaStock taps TRAction’s EMIR reporting solution 09 January 2024Bulgaria Reporter: Lucy Carter
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Bulgarian investment firm DeltaStock has partnered with regulatory technology provider TRAction for compliance with the European Market Infrastructure Regulation (EMIR).
EMIR requires all counterparties to report details of any derivative contract they have concluded, modified or terminated. By outsourcing these processes to TRAction, DeltaStock is able to meet these demands and alleviate the pressure on its internal trade reporting operations.
Alongside its EMIR compliance services, TRAction provides regulatory reporting solutions to more than 400 firms globally and covers regulations including MiFID II/MiFIR, SFTR and requirements from ASIC and MAS, among others.
Quinn Perrott, co-CEO at TRAction, says: “By leveraging TRAction’s regulatory technology and expertise, DeltaStock is able to simplify their trade reporting process.
“This approach not only reduces operational burden but also minimises the risk of non-compliance, ensuring peace of mind for DeltaStock, allowing them to focus on their product and growth ambitions.”
Galya Yordanova, head of compliance at DeltaStock, comments: “[TRAction’s] team is knowledgeable, responsive and willing to assist us whenever we had any questions or needed help with our reporting. We view TRAction Fintech as a valued partner and hope we can work with them for years to come.”
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