The
regulatory technology provider is assisting another investment firm—this time
Shenkman Capital Management—in enhancing compliance with the Australian
Securities and Investments Commission’s (ASIC) over-the-counter (OTC)
derivatives trade reporting requirements.

Shenkman Capital Partners
with TRAction for Australian Trade Reporting Compliance

The
arrangement will enable Shenkman Capital, which manages approximately $35.9
billion in assets and specializes in leveraged credit markets, to streamline
its reporting processes while directing internal resources to other operational
areas.

“Our
collaboration with Shenkman Capital Management Inc. demonstrates our ongoing
commitment to simplifying trade reporting for firms,” said Quinn Perrott, co-CEO at TRAction. “This
partnership will enable Shenkman Capital to focus more resources on their core
services while seamlessly maintaining compliance under the ASIC reporting
regime.”

This marks
another recent collaboration for TRAction with a financial firm seeking ASIC
compliance. As reported by Finance Magnates, the company’s
solutions—integrated with MetaTrader 4—were
recently used by the broker Blueberry.

Reporting Requirements
Compliance

Shenkman
Capital Management, founded and registered as an investment adviser with the
SEC in 1985, operates offices in New York, Stamford, Boca Raton, and London.
The firm serves a predominantly institutional client base.

According
to the companies, the arrangement will help Shenkman Capital maintain
compliance with reporting requirements while adhering to industry standards.

“By
working alongside industry experts to support our middle- and back-office
operations, Shenkman Capital can maintain its focus on investing and providing
exceptional credit solutions to its clients,” Daniel Mangiero, Chief Operating
Officer of Shenkman Capital, highlighted the benefits of the collaboration.

Over 700 Financial Firms

TRAction
provides regulatory reporting solutions to over 700 financial firms across
multiple jurisdictions. The company’s services include data extraction,
conversion to trade repository formats, and submission of trades to
repositories or Approved Reporting Mechanisms.

The
services cover regulatory requirements under ASIC, Monetary Authority of
Singapore (MAS), European Market Infrastructure Regulation (EMIR), Markets in
Financial Instruments Directive II/Regulation (MiFID II/MiFIR), Securities
Financing Transactions Regulation (SFTR), and Canadian reporting regimes.

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