The MiFiD II research solution and marketplace for institutional research

We are evolving the way in which asset managers engage with institutional research. In an age of social media tools, mobile access and search-driven functionality, we bring research consumption into the 21st century by replacing legacy research distribution processes.


In anticipation of the MiFID II unbundling rules coming into force in January 2018 we have launched RSRCHX, the MiFID II research solution and marketplace for institutional research.


Designed in consultation with asset management institutions and research providers, the RSRCHX platform enables firms to purchase and monitor research services from banks, brokers & boutique providers in a more efficient, compliant and transparent way. At the same time, research providers can take greater control over distribution with the RSRCHX platform, benefiting from access to a growing community of global buy-side firms and taking advantage of the marketplace to monetise the value of their research.


Backed by Nex


In February 2017 Euclid Opportunities, NEX Group’s fintech investment business, made a strategic commitment to RSRCHXchange. Their investment will enable us to continue to expand our global footprint to MiFID II and beyond.


“RSRCHXchange brings next generation technology to solve a complex regulatory challenge while also allowing both providers and consumers of research to extract greater value from content. We’re delighted to bring our capital, operational expertise and networks to help scale the business globally.”

- Michael McFadgen, Managing Director at Euclid Opportunities


The Team Team Icon


Co-founders Vicky Sanders and Jeremy Davies have recently appointed industry veterans Adam Toms, former CEO of agency broker Instinet Europe, Don Guiney, senior capital markets partner at Freshfields, and Michael McFadgen, Managing Director at Euclid Opportunities, NEX’s fintech investment division, to the board.


Vicky Sanders


Vicky Sanders



Jeremy Davies


Jeremy Davies



Adam Toms


Adam Toms


Board Member, former CEO of agency broker Instinet Europe

Don Guiney


Don Guiney


Board Member, senior capital markets partner at Freshfields

Michael McFadgden


Michael McFadgen


Board Member, Managing Director, Euclid Opportunities

Success to date


More than 1,000 asset managers can access research reports from over 200 research providers on our RSRCHX platform.


RSRCHXchange clients include a mix of hedge fund and long only institutions with AUM ranging from $100m to over $1trn in AUM. Our five largest clients manage over $2.5trn in AUM. Our research providers have grown in scale and complexity; banks and brokers now represent a quarter of the providers on RSRCHX.

Our Awards


RSRCHXchange wins Most Innovative Data Product, 25 May 2017


The Financial News Trading and Technology Awards celebrate the success stories of those trading and technology firms operating in, and supporting, the financial markets.




In anticipation of MiFID II, RSRCHXchange was founded in 2014 by an experienced industry team with a background in sell-side equity research and asset management, keenly aware of the shortcomings of legacy research procurement practices.


Co-founders Vicky Sanders and Jeremy Davies believe that the financial research market will fundamentally change under MiFID II. The way in which research is currently consumed by asset managers and distributed by research providers will need to evolve to meet the new requirements introduced by research unbundling and benefit both buyers and sellers of research.


RSRCHXchange emerged as the MiFID II solution and marketplace for institutional research.



We strongly believe a collaborative approach is the most efficient and comprehensive way to address and actively prepare for the MiFID II research unbundling regulations. Partnerships ensure we remain at the forefront of financial technology innovation and provide a more complete service by offering connections to other best-in-breed MiFID II solutions.


Flex Trade
Flex Trade
Nex Enso
Open Fin

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