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.

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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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