Trade & Transaction Reporting Services

Identify failings in the completeness, accuracy, and timeliness of your MiFID/MiFIR and EMIR regulatory reporting with our team of experts.

The requirement to report details of transactions has existed for many years but, as regulations have evolved, this has become increasingly onerous and complex. The FCA has identified improved regulatory reporting as one of its supervisory priorities, having already levied fines of varying sizes totaling more than £130m for reporting errors or omissions under MiFID and EMIR.

Our award winning trade and transaction reporting solutions help your firm identify failings in the completeness, accuracy, and timeliness of your trade and transaction reports. The prompt identification of errors can significantly reduce the cost and reputational risk from regulatory scrutiny and enforcement as well as the operational burden of re-reporting.

Our solutions

Systems and Controls Reviews

For one-off or recurring reviews of the controls surrounding your firm’s reporting framework.

By looking at both the design and operation of those controls, we help ensure that you have the appropriate monitoring, oversight and governance arrangements in place to facilitate correct reporting. These reviews are available for a combination of reporting regimes, in addition to the ARRMA service or as a standalone service.

Click here to speak to an expert

For a regular, cost-effective solution to analyse the data included in your firm’s reports and identify issues relating to the accuracy, completeness and timeliness.

By blending technology with consulting services, our award winning solution helps firms undertake meaningful monitoring that would otherwise require intensive, expensive and burdensome internal resources. Our reviews can be conducted monthly or quarterly with costs determined on a sliding scale to reflect report volumes.

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Training

We provide training for topics including transaction reporting, EMIR, market abuse, trade surveillance, senior management obligations, governance and compliance officer roles and responsibilities.

These are delivered by one of our specialist trainers and can be customised to meet your firm’s needs.

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Solution Spotlight

Free transaction reporting review

Take advantage of a complimentary one-time ARRMA lite reporting analysis to help identify the percentage of your reports featuring an error.

97% of firms analysed by our award winning ARRMA service have shown errors in their reporting* and many firms are still in breach by not incorporating market data processor (MDP) data in their MiFIR transaction reporting monitoring.

Book your free review to assess the state of your transaction reporting today.

Our team

Matthew Chapman

Matthew Chapman

Managing Director and Co-Lead, ACA's Regulatory Reporting & Assurance (ARRMA) Service
Charlotte Longman

Charlotte Longman

Director and Co-Lead, ACA's Regulatory Reporting & Assurance (ARRMA) Service
Headshot of Andrae Young

Andraé Young

Consultant
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Why work with us?

Our deep expertise

Our deep expertise in compliance and market surveillance technology can help strengthen your trade and transaction reporting programme, identify potential business and compliance risks, and avoid potential problems arising with key stakeholders, regulators, and current and prospective clients.

Our specialist team

Our specialist team has performed numerous EMIR and MiFIR reviews, from high-level control testing to full scope data analysis, logic specification and control design projects.

Our insights and benchmarking

We provide insights from quantitative ARRMA peer analysis to help you understand how your firm compares to its industry peers. This benchmarking is a valuable addition to your firm’s management body reporting as part of ongoing governance.

Latest trade and transaction reporting insights

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Transaction Reporting: Man vs. Machine

With 97% of firms getting their transaction reporting wrong, it's clear they cannot rely solely on technology to create and submit complete and accurate reports under MiFIR, EMIR or SFTR. Can firms simply leave it up to the machines to detect errors? Or is human intervention key to ensuring the reporting is being done correctly?

Article
  • Trade & Transaction
  • Compliance
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FCA Market Watch 69: Focus on Market Conduct and Transaction Reporting

The regulator discusses firms’ arrangements for market abuse surveillance - drawing on their observations from engaging with small and medium-sized firms.

Compliance Alert
  • Compliance
  • RegTech
  • FCA
  • Trade & Transaction
  • Trade Surveillance
  • ComplianceAlpha
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Transaction Reporting Still Not a Priority for Firms, Despite Recent ESMA Fine

New research reveals that confidence among financial services firms in the quality of their own transaction reporting is declining – down to 65% from 87% in 2021. This confirms concerns around inaccurate regulatory reporting leading to fears of undetected market abuse and an inability to monitor for systemic risks.

Press Release
  • Compliance
  • FCA
  • Trade & Transaction
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Transaction Reporting: A Common Good, Commonly Wrong

Startling findings have detected that most firms are struggling with their transaction reporting obligations under MiFIR / EMIR. Results reveal more than 6M transaction reporting errors identified across a sample of 30 review projects, averaging 200,000 errors per review. This means that regulators are not receiving the data they need to successfully identify market abuse and systemic risk.

Article
  • Compliance
  • FCA
  • Trade & Transaction
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Transaction Reporting Errors Expose Huge Gaps for Market Abuse and Systemic Risk Monitoring

ACA Group research has detected more than 6 million transaction reporting errors across a sample of 30 review projects, averaging 200,000 errors per review, with 97% of reports under MiFIR/EMIR contain inaccuracies. These errors expose huge gaps for market abuse and systemic risk monitoring.

Press Release
  • Compliance
  • Trade & Transaction
  • ACA News
  • FCA
highway at night from overhead

Key Regulatory Timelines for 2022

To help firms prepare for the new year, we’ve created a simple visual timeline of key financial services regulatory milestones for you to download, keep, and reference throughout 2022.

Article
  • Compliance
  • ESG
  • Brexit
  • SEC
  • Managed Services
  • Trade & Transaction

Featured webcasts

MiFIR Transaction Reporting: A Practical Guide

Join us on Monday, 19 July at 11:00am BST for a complimentary webcast to mark the forthcoming launch of AIMA’s MiFIR Transaction Reporting Guide that has been developed with the support of ACA Group.

Webcast

EMIR Refit: Reporting Checklist

The most recent phase of the amended European Market Infrastructure Regulation (“EMIR REFIT” or simply “REFIT”) came into effect on 18 June 2020. These latest requirements are designed to simplify a derivatives regime currently seen as burdensome to some market participants, particularly those whose risk profile is unlikely to impact macro stability.

Webcast

News

New SEC Marketing Rule Master Class Podcast Released

We are pleased to announce the release of our new master class series on the SEC’s Marketing Rule! Sponsored by the NSCP and ACA Group and developed by Patrick Hayes, host of the Compliance In Context Podcast, and Carlo di Florio, ACA Group’s Global Advisory Leader.

ACA Group Selected as an AIFinTech100 Company for 2022

ACA Group has been named one of the 100 most innovative AIFinTech companies in the financial industry by FinTech Global.

2022 Investment Management Compliance Testing Survey Results Released

For the second year in a row, implementing the SEC’s Marketing Rule for Investment Advisers remains the number one worry for investment adviser compliance officers, according to the 2022 Investment Management Compliance Testing Survey.