Tools for Brokers, a global FinTech solutions provider for brokerages and hedge funds, and TRAction, a prominent delegated reporting provider serving Europe and Asia Pacific, have announced a new strategic partnership.
According to Finextra, the collaboration will integrate TRAction’s regulatory reporting solution directly into Tools for Brokers’ core liquidity bridge product, Trade Processor.
The partnership aims to simplify regulatory compliance for financial firms by combining the strengths of both companies. By embedding TRAction’s reporting features into the Trade Processor platform, the two firms will offer brokers and financial institutions a seamless, automated solution to meet EMIR, MiFIR, ASIC, and Best Execution Monitoring obligations.
Tools for Brokers, or TFB, delivers sophisticated technology tailored to the needs of retail brokerages and hedge funds. Its Trade Processor platform supports multi-platform execution, liquidity aggregation, and real-time analytics. The system already includes robust data monitoring and reporting tools, and the new integration enhances these further by automating regulatory submissions within the platform.
TRAction specialises in delegated trade and transaction reporting, acting as a trusted intermediary between financial institutions and regulatory reporting bodies such as Trade Repositories (TRs) and Approved Reporting Mechanisms (ARMs). Its platform transforms transaction data into regulator-ready reports, helping firms stay compliant without the need to maintain in-house reporting infrastructure.
Through this partnership, clients of both firms will benefit from faster onboarding, more consistent and controlled data flows, and improved accuracy in regulatory reporting. The end-to-end integration also promises long-term cost efficiencies and will be supported by the after-sales teams of both companies.
Tools for Brokers 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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