Trade reporting technology firm TRAction Fintech announced on Thursday that it has partnered with Aussie broker Blueberry, which recently rebranded from Blueberry Markets.
The partnership means that TRAction will integrate its technology with Blueberry’s MetaTrader 4 (MT4) offering to meet the broker’s trade reporting requirements.
“We are pleased to present our new integration with Blueberry and MT4, which demonstrates our continued dedication to making trade reporting simplified,” Quinn Perrott, co-CEO at TRAction.
“The partnership showcases our commitment to delivering seamless and compliant solutions, and alleviates the burden of trade reporting on teams, allowing for increased capacity to focus on services.”
Blueberry is one of the only firms to have received approval from the Australian Securities and Investments Commission (ASIC) to offer CFD trading to clients over the past few years.
Like other tier-1 regulatory jurisdictions, ASIC has stringent trade reporting standards that firms offering OTC derivatives must meet.
The integration with TRAction means that Blueberry can pull trade data directly from MT4, making the process less cumbersome for the firm.
“Ensuring compliance for our newly licensed entity, Blueberry Australia Pty Ltd, is a top priority,” said Dean Hyde, Founder and Managing Director of Blueberry. “This integration with TRAction and MT4 not only simplifies our complex reporting requirements but also keeps us at the forefront of evolving regulatory demands, allowing us to consistently deliver an unparalleled trading experience.”
