Common Mistakes in ASIC OTC Derivatives Trade Reporting

TRAction has identified a few common mistakes in ASIC trade reporting data. Ensuring the completeness and accuracy of your ASIC trade reporting is important so please take the time to review the below.

1. Only OTC derivatives trades need to be reported

For the purpose of ASIC trade reporting, you are only required to report trades in relation to OTC derivatives such as margin FX, options, forwards and CFDs. Hence, it's important you only submit OTC derivatives-related trade data to your reporting delegate or trade repository.

Check your files to ensure you are excluding all of the following transactions:

• direct stocks and equities;
• direct cryptocurrency transactions (e.g. bitcoin trades which are not CFDs over bitcoin); and