Fortune Prime Global picks TRAction 23 January 2024Australia Reporter: Lucy Carter
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Contract for difference (CFD) and forex broker Fortune Prime Global has selected regulatory technology provider TRAction for over-the-counter (OTC) derivative reporting compliance.
The Australian Securities and Investments Commission states that entities dealing in OTC derivatives must report transactions to a registered Australian Derivatives Trade Repository (ADTR).
TRAction’s reporting solution for this requirement allows Fortune Prime Global to ensure accurate compliance through the consolidation of its internal trade reporting resources.
Quinn Perrott, co-CEO of TRAction, says: “By integrating this solution, Fortune Prime Global streamlines their trade reporting processes, ensuring not only compliance but also freeing resources to drive innovation and enhance client experiences.”
Representatives from Fortune Prime Global add: “This partnership allows us to prioritise other vital areas of our operations and provides a strong foundation for us to stay compliant with our reporting regulations.”
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