We are evolving the way in which asset managers and research providers engage over institutional research. Ahead of MiFID II research unbundling - arguably the biggest industry change since the Big Bang - we launched our RSRCHX platform in September 2015 as a regulatory solution, infusing technology into research distribution and consumption which has barely evolved since the advent of email.
By applying leading technology to the niche asset management industry, our aim is to offset the burden placed on fund managers by new regulation while improving workflows around investment research. RSRCHX is a one-stop-shop for consuming research in compliance with MiFID II, and accessing the newly evolving paid-for research market.
As an aggregator, RSRCHX is a virtual library for asset managers, where they can read reports, track consumption and manage access to providers - all in compliance with MiFID II. The RSRCHX platform enables research providers to take greater control over distribution, ensuring regulatory compliance as part of a liquidity hub.
Under MiFID II, banks and brokers will need to price and separately provide their research from execution services. The RSRCHX marketplace enables research providers to monetise the value of their research and helps buy side firms purchase the research they need, as and when they need it.
In an age of social media tools, mobile access and search-driven functionality, the RSRCHX functionality and user interface brings research consumption into the 21st century. Our technology is also designed to be interoperable with other best-in-breed applications. Developing on OpenFin and partnering directly with adjacent service providers, the RSRCHX platform can be used in conjunction with other solutions, helping the industry to successfully complete the sprint to the MiFID II deadline.
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
More than 1,000 asset managers can access research reports from over 220 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 over thirty percent of the providers on RSRCHX.
Co-founders Vicky Sanders and Jeremy Davies have recently appointed industry veterans Adam Toms, former CEO of agency broker Instinet Europe, Don Guiney, former senior capital markets partner at Freshfields, and Michael McFadgen, Managing Director at Euclid Opportunities, NEX’s fintech investment division, to the board.
RSRCHXchange won Most Innovative Data Product, Financial News awards 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.
RSRCHXchange was founded in 2014 by an experienced industry team with a background in sell-side equity research and asset management. In anticipation of MiFID II, and with a keen awareness of the absence of technology for research distribution, co-founders Vicky Sanders and Jeremy Davies set out to provide a regulatory solution focused on improving the user experience. We believe that the way in which research is currently consumed by asset managers and distributed by research providers needs to evolve to meet the new requirements introduced by MiFID II research unbundling, to the benefit both buyers and sellers of research.
The RSRCHX platform emerged as the MiFID II aggregator and marketplace for institutional research.
By continuously investing in features and products, RSRCHXchange has attracted leading global brands amongst over 1,000 asset management firms and more than 220 research providers using the award-winning regulatory solution. The RSRCHX network continues to grow as firms race to meet the MiFID II deadline on 3 January 2018.