TraderEvolution Integrates TRAction's EMIR and MiFIR Reporting to Automate Compliance

TraderEvolution has integrated TRAction's regulatory reporting solution into its multi-asset trading platform, enabling automated EMIR and MiFIR reporting directly from trading infrastructure. The partnership allows brokers and financial firms to extract transaction data and submit reports through TRAction's infrastructure, reducing manual processing and compliance burdens across Europe and the UK.

The integration addresses growing complexity in post-trade reporting. Since EMIR Refit took effect in April 2024, firms have faced approximately 203 reportable data fields compared with 129 previously, alongside stricter reconciliation requirements and mandatory ISO 20022 XML messaging. TRAction, which serves over 800 firms globally, specializes in regulatory reporting for banks, brokers and investment managers.