News

Funds Europe: Third of firms yet to decide how to pay for research, poll finds.

rsrchxchange, June 22, 2017

Article originally appears Funds Europe, 22 June 2017, by Mark Latham.   A third of asset management firms have yet to decide how they will pay for broker research once MiFID II rules come into force in January next year, according to a survey…   Continues Read the full article at funds-europe.com

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Portfolio Adviser: Most asset managers will not be Mifid II compliant before Q4

rsrchxchange, June 22, 2017

Article originally appears in Portfolio Adviser, 22 June 2017, by Kristen McGachey.   Although the debut of the new Mifid II rules is just six months away, the vast majority of asset managers will not be fully compliant before Q4, according to a new survey conducted by Rsrchxchange.   Continues Read the full article at…

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RSRCHXchange survey reveals 85% of asset managers expect to comply with MiFID II rules in Q4 or later

rsrchxchange, June 22, 2017

Poll of 562 asset managers reveals that two weeks before the regulation enters law, 54% of funds still feel they don’t have enough information on research unbundling, indicating that more education needs to be done.   London, 22 June 2017: RSRCHXchange, the aggregator and marketplace for institutional research, today released headlines from the results of…

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RSRCHXchange and Substantive Research expand integration to include payment for research

rsrchxchange, June 6, 2017

London, 6 June 2017: RSRCHXchange, the MiFID II research aggregator and marketplace for institutional research, today announces the expansion of their partnership with Substantive Research, curator of macroeconomic investment research. This latest integration phase means that Substantive ResearchMatch Curations are now integrated into the RSRCHX platform, enabling clients to seamlessly move from research curation to…

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RSRCHXchange joins with Instinet’s RQ Connect hub for MiFID II research distribution and payments

rsrchxchange, May 24, 2017

“Instinet is one of the RPA managers connected to our RSRCHX platform. The collaboration between RSRCHXchange and Instinet enables asset managers to purchase research subscriptions or buy individual reports from hundreds of providers. The process of research procurement is now simpler and less intensive; asset managers can now manage budgets and make payments via Instinet…

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RSRCHXchange to offer research consumption data via CorpAxe platform for MiFID II compliance

rsrchxchange, May 23, 2017

London and New York, 23 May 2017: RSRCHXchange, the MiFID II research solution and marketplace for institutional research, today announces a partnership with CorpAxe, a market-leading solution for corporate access management (inclusive of commission management, broker vote and regulatory compliance), to make research consumption data available to mutual buy-side customers.   The collaboration allows research…

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The Trade: RSRCHXchange signs up to JP-Morgan backed desktop firm

rsrchxchange, May 16, 2017

Appeared in The Trade News, 16th May 2017, written by Hayley McDowell.   OpenFin provides desktop applications to both buy- and sell-side trading platforms.   RSRCHXchange has joined desktop application firm OpenFin as a partner and is now developing its own application for analytics and research assessment. The RSRCHXchange application on OpenFin provides the option…

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RSRCHXchange first to join OpenFin Community Edition; launches RSRCHX desktop application via OpenFin

rsrchxchange, May 16, 2017

London, 16 May 2017: Following the launch last week of OpenFin’s Community Edition, RSRCHXchange, the MiFID II research solution and marketplace, is pleased to announce that they are the first partner to join the OpenFin Community.   RSRCHXchange is now developing its RSRCHX application on OpenFin, the world’s first common operating layer for financial desktop…

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ENSO expands Broker Vote Tool to offer leading MiFID II research solution powered by RSRCHXchange

rsrchxchange, April 25, 2017

New York and London, 25 April 2017 –ENSO, a NEX Group business and leading portfolio finance and centralized treasury management solution for the buy-side, announces today that it plans to expand the ENSO Broker Vote tool (“Broker Vote”) to include MiFID II research consumption, powered by RSRCHXchange, the MiFID II compliant marketplace for institutional research….

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RSRCHXchange appoints new board members including former Instinet Europe CEO Adam Toms; hires ex-UBS Head of Research

rsrchxchange, March 1, 2017

London, 1 March  2017: RSRCHXchange, the MiFID II compliant marketplace for institutional research,  today announced that 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, have joined the RSRCHXchange board.   In addition, Alan…

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Reuters: Interdealer broker Nex Group backs stock research distribution startup

rsrchxchange, February 23, 2017

Originally appeared on Reuters.com, Thursday 23rd February 2017, by Anna Irerra. Interdealer broker NEX Group Plc, formerly known as Icap, has invested in a RSRCHXchange, a London-based startup that runs an online marketplace for research on stocks, as regulatory changes in Europe and pressure on asset management fees spur innovation in the equity research sector……

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Euclid Opportunities invests in RSRCHXchange

rsrchxchange, February 23, 2017

RSRCHXchange is used by over 1,000 asset managers and 190 bank, broker and boutique research providers   London, 23 February 2017, Euclid Opportunities, NEX Group’s financial technology investment business, announces today that it has made a strategic investment in RSRCHXchange, a cloud-based marketplace and MiFID II workflow solution for accessing institutional research. The investment will…

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Asset Servicing Times: MiFID II research rules could hurt investment banks

rsrchxchange, January 12, 2017

Originally appeared on assetservicingtimes.com, 12th January 2017 by Stephanie Palmer. New research payment unbundling rules under the second Markets in Financial Instruments Directive (MiFID II) could mean large investment banks will miss out on research budgets, according to a survey from RSRCHXchange… Continue reading the full article at www.assetservicingtimes.com

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Financial News: Fund managers unsure on new research rules – but will spend less

rsrchxchange, January 12, 2017

Originally appeared on Financial News, 12th January 2017. A survey found more than half of fund managers expect their research budgets to fall – and 50% haven’t decided how to use them… Continue reading the full article at www.fnlondon.com

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The Trade: Half of buy-side undecided on how to pay for research ahead of MiFID II

rsrchxchange, January 12, 2017

Originally appeared on thetradenews.com website, 12th January 2017, by Hayley Mcdowell.

RSRCHXchange survey finds industry remains unsure over how to pay for research…

Continue reading the article at www.thetradenews.com

Waters Technology: Survey: Buy Side Trends Toward Unbundling Research

rsrchxchange, January 12, 2017

Originally appeared on waterstechnology.com website, January 12th 2017 by Aggelos Andreou.  A survey of 234 asset managers reveals that only 13 percent intend to continue paying for research from investment banks under Mifid II… Continue reading the full article at www.waterstechnology.com

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RSRCHXchange asset management survey reveals expected decline in bank research spend ahead of MiFID II

rsrchxchange, January 12, 2017

Poll of 234 asset managers reveals that only 13% expect to continue to pay for research from all leading investment banks   London, 12 January 2017: RSRCHXchange, the online aggregator and marketplace for institutional research, today released the results of a survey analysing the readiness of asset managers for the research unbundling rules coming into…

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The Financial Times: Fifth of fund houses to charge investors an extra fee

rsrchxchange, December 18, 2016

Originally appeared in the Financial Times, 18th December 2016, by Attracta Mooney. Featuring RSRCHXchange and quotes from our Co-Founder Jeremy Davies. Read the full article at www.ft.com

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Institutional Investor: The End of Research as We Know It?

rsrchxchange, November 17, 2016

Originally appeared on the Institutional Investor website, 8th November 2016, by Craig Mellow. Featuring RSRCHXchange and quotes from our Co-Founder Vicky Sanders. Read the full article at www.institutionalinvestor.com        

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FTAdviser: Fund Firms Stress Regulatory Impact Amid Profit Slump Prediction

rsrchxchange, October 26, 2016

Originally appeared on the ftadviser.com website, 25th October 2016, by Dave Baxter. Asset managers have reiterated concerns about increased regulatory overheads following a prediction that the unbundling of research costs required under Mifid II could wipe nearly 30 per cent from fund house profits… Continue reading the full article at www.ftadviser.com

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Ned Davis Research to Offer Advisory Service On RSRCHXchange

rsrchxchange, October 25, 2016

VENICE, FL—(October 25, 2016) – The Ned Davis Research Group (NDRG), a leading provider of objective, evidence-based investment research, analysis and market models, has partnered with RSRCHXchange to offer the NDR Advisory Service to institutional clients on the RSRCHX platform, the online marketplace for institutional research.   The NDR Advisory Service is a series of…

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Impact of MiFID II: Unbundling, the Sell Side and Research Trends

rsrchxchange, October 13, 2016

Originally appeared on the Flextrade website, 11th October 2016, by Ivy Schmerken. The piece includes quotes from our Co-Founder Vicky Sanders. European regulators are pressing to unbundle research payments from executions. Experts say that a regulatory overhaul driven by MiFID II has the potential to disrupt the global research industry. Many industry watchers maintain it will…

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FCA Publishes Third MiFID II Consultation Paper

rsrchxchange, September 29, 2016

Originally published by the Financial Conduct Authority (FCA), 29th September 2016 The Financial Conduct Authority (FCA) has today (29 September 2016) published its third consultation paper on the implementation of the revised Markets in Financial Instruments Directive (MiFID II). Some interesting points made in the consultation paper included: ‘a transparent, priced research market emerges where recipients…

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Know What Is Worth Paying For

rsrchxchange, September 28, 2016

Originally appeared in Handelsblatt, September 28th 2016, by Katharina Slodczyk. Article discussing how new strict EU directives such as MiFID II are opening up new business opportunities to start-ups. Read the full article in German at www.Handelsblatt.com

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Infront Integrates Institutional Research via RSRCHXchange

rsrchxchange, September 21, 2016

London, Stockholm, 21 September 2016: Infront, a leading trading and information solution provider for professional investors, today announced a partnership with RSRCHXchange, to provide its institutional clients with access to the RSRCHX platform, the online marketplace for institutional research.   The partnership makes institutional research, from more than 140 research providers, available on the Infront…

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Inspirational Women 2016: City Innovators

rsrchxchange, September 20, 2016

Originally appeared in Brummel Magazine, September 19th 2016, by Jemima Wilson. Co-Founder Vicky Sanders is featured as part of a list of inspirational city innovators that was published this week. To find out why and read the full list, visit brummelmagazine.co.uk.

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Financial News – Capital Markets Start-Up of the Year

rsrchxchange, September 19, 2016

Rsrchx is nominated for the Capital Markets Start-Up of the Year at the Financial News Trading and Tech Awards 2016.

 Read the full list at efinancialnews.com

Why Research Unbundling Matters to the US Fund Manager

rsrchxchange, September 19, 2016

Originally appeared in HFMCompliance, September 9th 2016 By  Vicky Sanders, CEO RSRCHXchange For a fund manager in the US, MiFID II and research unbundling has seemed distant for a while now. Both in the time to implementation, delayed a year to the beginning of 2018, and in physical distance, with the regulation emanating from the…

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Industry Welcomes French Guidance on Unbundling

rsrchxchange, September 18, 2016

Originally appeared on marketsmedia.com, September 16th 2016, by Shanny Basar. The industry welcomed the approval of the L’Autorité des Marchés Financiers, the French financial regulator, for using commission sharing arrangements to pay for research under MiFID II, the new regulations covering financial markets in the European Union from 2018… Continue reading the article at: marketsmedia.com

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Linear Investments selects RSRCHXchange to access institutional research and ensure MiFID II compliant research procurement

rsrchxchange, July 14, 2016

London, 14 July, 2016: Linear Investments, a specialist prime broker and an award winning hedge fund incubator, has selected RSRCHXchange, the online marketplace for institutional research, to enable their hedge fund clientele to access and track research consumption in a MiFID II compliant way.   Linear Investments provides tailored prime brokerage services to start-up, small and mid-size…

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RSRCHXchange and Substantive Research partner to help asset managers access and procure macro investment research

rsrchxchange, July 12, 2016

London, 12 July, 2016: RSRCHXchange, the online marketplace for institutional research, has today announced a strategic partnership with Substantive Research, an independent curator of daily macroeconomic investment research for asset managers and asset owners. The partnership will close the gap between new research and point of sale. The daily Substantive Research Briefings highlight to portfolio…

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Flextrade To Offer Institutional Research To FlexTRADER EMS Users Via RSRCHXchange

rsrchxchange, May 31, 2016

London, May 31st 2016, FlexTrade Systems, a global leader in multi-asset execution management systems, is pleased to announce its partnership with RSRCHXchange, the online marketplace for institutional research, to provide buy-side traders with immediate alerts to the availability of relevant research via the company’s FlexTRADER EMS.   Launched in September 2015, the RSRCHX platform was…

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Global Prime Partners selects RSRCHXchange to access institutional research

rsrchxchange, May 25, 2016

London, 25 May, 2016:  Global Prime Partners, the award-winning boutique prime broker, has signed a partnership with RSRCHXchange, the online marketplace for institutional research, to provide its growing client base with access to leading research content.  Global Prime Partners’ clients – including hedge funds, family offices and asset managers – will now have direct access…

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Research With a Capital ‘R’: The New Definition Under MiFID II

rsrchxchange, May 13, 2016

As first appeared in Tabb Forum 13th May 2016 By Vicky Sanders, co-CEO RSRCHXchange The European Commission has established rules for the unbundling of payments for research and execution. But what constitutes research? But even as the EC’s new definition broadens research beyond single-stock recommendations, it still leaves some unanswered questions. In establishing the new…

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The Financial Times: New rules have created a research headache for fund managers

rsrchxchange, May 8, 2016

Originally appeared in the Financial Times, May 8th 2016, by Attracta Mooney and Madison Marriage. Who should pay for the research fund managers use when making investment decisions? This is the question being asked on the back of new EU proposals that have created a conundrum for asset managers… Continue reading the article at: www.ft.com…

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RSRCHXchange adds ‘Dashboard’ to measure research consumption and ensure MiFID II compliance

rsrchxchange, April 20, 2016

New functionality enables asset managers to improve research procurement   London 19 April 2016: RSRCHXchange, the marketplace for institutional research, today announced the addition of the RSRCHX Dashboard to their platform functionality, which enables asset managers to track firm-wide research consumption, improve the procurement process and ensure compliance with MiFID II unbundling requirements.   The…

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A simplified guide to MiFID II unbundling

rsrchxchange, April 12, 2016

With the delegated acts released, RSRCHXchange has written a simple guide to the DAs and what is required of buy side firms in the unbundled world. The key requirements are for firms to establish a written policy for research and provide it to clients set & regularly assess budgets inform clients of the budget upfront and provide…

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FT Adviser: Wall of silence over ‘indefensible’ research costs

rsrchxchange, April 11, 2016

Originally appeared in FT Adviser 11 April 2016, by David Baxter and Julia Faurschou Leading fund managers have been accused of “locking down the hatches” over the disclosure of research costs rather than join the handful of groups that have set out more transparent charging policies… Continue reading at www.ftadviser.com

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The Trade: Mifid II Delegated Acts: Confusion surrounds new rules

rsrchxchange, April 8, 2016

Originally appeared in The Trade 8 April, 2016 by John Bakie & Hayley McDowell The delegated acts for MiFID II released this week reveal an unexpected increased administrative burden for firms, and has left industry participants scratching their heads with confusion… Continue reading at www.thetradenews.com

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FOW: Europe Publishes first MiFID Delegated Acts

rsrchxchange, April 7, 2016

Originally appeared on FOW

7 April 2016, by Alice Attwood

Financial News: EC adopts new research rules

rsrchxchange, April 7, 2016

Originally appeared on efinancialnews

7 April 2016, by James Rundle and Tim Cave

Reuters / NY Times: EU backs separation of asset managers’ research and trading costs

rsrchxchange, April 7, 2016

Originally appeared on NY Times 7 April 2016, Huw Jones The European Union’s executive has proposed clear separation of research and trading costs to inject more transparency into the fees that asset managers charge customers… Continue reading at uk.reuters.com

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The Trade: Delegated acts indicate significant admin burden for research payment accounts

rsrchxchange, April 7, 2016

Originally appeared in The Trade 7 April 2016, by John Bakie & Hayley McDowell Mifid II delegated acts on research indicate that research payment accounts will require a large amount of information disclosure and administration in order to comply… Continue reading at www.thetradenews.com

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European Commission publishes first of the Delegated Acts

rsrchxchange, April 7, 2016

Full text of the first of the Delegated Acts  published by the European Commission including Chapter IV “Inducements” which covers the provision of research

Research Payments – The tide is turning

rsrchxchange, April 4, 2016

by Alistair Haig, University of Edinburgh Business School Neil Woodford’s announcement that from April 1st his firm will pay for research rather than following the standard practice of deducting it from funds in the form of dealing commissions. This bold step, made by one of the UK’s most prominent fund managers, follows Legal and General’s announcement to increase fees…

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MarketsMedia: OPINION: MiFID II Delay Should Not Delay Unbundling

rsrchxchange, February 4, 2016

Originally appeared in MarketsMedia 4 February 2016, by Shanny Basar The incoming MiFID II regulations, covering financial markets in Europe, are likely to be delayed by a year to 2018 but this should not slow down the aim of making payments for research more transparent… Continue reading at www.marketsmedia.com

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RSRCHXchange adds OTAS Technologies to its online marketplace for institutional research; expands universe of research providers on its platform

rsrchxchange, November 11, 2015

London, 11 November 2015: RSRCHXchange, the online marketplace for institutional research, today announced the addition of OTAS Technologies (OTAS), the leading provider of market data analytics, to the ever growing community of research providers on their platform.   Launched in September 2015, the RSRCHX platform was built in consultation with asset management institutions and research…

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RSRCHXchange is hiring!

rsrchxchange, November 6, 2015

Part-time and full-time opportunities available for enthusiastic, well-organised and team-oriented individuals. Join a fast-growing team. Suitable for individuals with an interest in financial research & asset management, but no direct experience required. Working on our integration team, you will Engage with research providers to integrate their content onto the RSRCHX platform Work directly with our…

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Euromoney: MiFID II transforms market for research

rsrchxchange, November 4, 2015

As originally appeared in Euromoney, November 2015 Fintech startup RSRCHXchange launched a new online marketplace in September, built in consultation with asset managers and investment banks, to make it easier for them to cope with the transparency and reporting rules that come into effect in January 2017 under Markets in Financial Instruments Directive II (MiFID…

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RSRCHXchange doubles the number of research providers on their online marketplace for institutional research

rsrchxchange, November 2, 2015

London, 2 November 2015: RSRCHXchange today announced that the number of research providers available on the RSRCHX platform, the online marketplace for institutional research, has doubled since its launch in late September. With over 100 providers on board, RSRCHX offers a rapidly growing number of buy side asset management firms access to a wide range…

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Cub Scout’s Motto

rsrchxchange, October 20, 2015

The ESMA announcement came and went. Disappointingly, research was noticeable by its absence. Despite yet another delay, the majority of buyside firms recognise that a tidal wave of change is coming and are continuing on as planned; developing their new research consumption strategies. The upcoming regulatory change has been a catalyst for firms to review…

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FICC markets are no exception to MiFID II research rules

rsrchxchange, October 19, 2015

Article by Vicky Sanders, co-CEO, RSRCHXchange As published in FOW, 19 Oct 2015 MiFID II has made headlines for the best part of the last decade, yet there was a relatively last minute scramble in the city since late spring. Senior personnel from fixed income, currency and commodities (FICC) divisions of some of the city’s…

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Hedge Funds’ Access to Investment Research Under Change

rsrchxchange, October 5, 2015

As appeared in Hedge Funds Insight 5 Oct 2015 By Vicky Sanders, co-CEO RSRCHXchange Quality Crowded Out For most hedge fund managers, research is a problem when it should be a resource to make your life easier and help you produce more alpha. Despite having a well-paid sales contact at every sell-side firm, there is…

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Markets Media: Research Platform Launches Ahead of MiFID II

rsrchxchange, September 30, 2015

Originally appeared in Markets Media September 30, 2015 by Shanny Basar RSRCHXchange has launched an online marketplace to make it easier for buy-side firms to purchase research ahead of new regulations on unbundling coming into force in Europe in 2017… Continue reading at www.marketsmedia.com

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What to Expect When You’re Expecting ESMA

rsrchxchange, September 23, 2015

As appeared in Bobsguide, TABB Forum, The Trading Mesh, &  AT Monitor. As we eagerly await  the final verdict on unbundling under MiFID II, here is a list of 10 things we can expect for research while we’re expecting ESMA’s much-anticipated release. 1. January 2017 is here to stay The delay of the final text from…

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Integrity Research: New London-Based Research Distribution Platform Launched

rsrchxchange, September 21, 2015

Originally appeared in Integrity Research

21 September 2015, Written by Sanford Bragg

Traders Magazine: European Buyside Getting Online Equity Research Exchange to Address Unbundling

rsrchxchange, September 21, 2015

Originally appeared in Traders Magazine September 21, 2015 Written by John D’Antona Jr. Buyside traders in Europe who are facing the uncertain future of where to get their alpha generating research and how to pay for it now will have access to central repository… Continue reading at www.tradersmagazine.com

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Waters Technology: RSRCHXchange Debuts Real-time Research Portal

rsrchxchange, September 21, 2015

Originally appeared in Waters Technology

21 September 2015 Written by Faye Kilburn

Compliance Matters: New platform emerges to help firms buy MiFID II-compliant research

rsrchxchange, September 21, 2015

Originally appeared in Compliance Matters September 21, 2015 Written by Chris Hamblin, Editor Some shrewd operators are offering to help asset managers to purchase research in a way that will comply with the European Union’s second Markets in Financial Instruments Directive when the European Securities and Markets Authority’s “unbundling” policy comes into force… Continue reading…

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Asset Servicing Times: RSRCHX changes institutional research

rsrchxchange, September 21, 2015

Originally appeared in Asset Servicing Times September 21, 2015 Written by Stephanie Palmer RSRCHXchange has launched RSRCHX, an online marketplace for institutional research allowing asset managers to source and purchase research in a more transparent and efficient way… Continue reading at www.assetservicingtimes.com

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ISS Magazine: RSRCHXchange launches research marketplace

rsrchxchange, September 21, 2015

Originally published in ISS Magazine

September 21, 2015

RSRCHXchange has launched RSRCHX, an online marketplace institutional research…

Continue reading at www.iss-mag.com

The Trade: Research marketplace aims to help buy-side get ready for unbundling

rsrchxchange, September 21, 2015

Originally published in The Trade September 21, 2015 Written by John Bakie An online marketplace for research, promising full MiFID II compliance for the buy-side, has launched today… Continue reading at www.thetradenews.com

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Banking Technology: RSRCHXchange launch targets MiFID II research reforms

rsrchxchange, September 21, 2015

Originally published in banking technology  21 September 2015 Written by Elliott Holley A new online market for buying and selling financial research has gone live in Europe… Continue reading at www.bankingtech.com

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Financial News covers RSRCHX launch

rsrchxchange, September 21, 2015

Originally published in Financial News September 21, 2015 Written by James Rundle Two former buyside and sellside executiveshave teamed up to launch an online marketplace for institutional research, one of a number of new initiatives aiming to capitalise on an overhaul of the way investors pay for broker analysis in Europe… Continue reading at www.efinancialnews.com…

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FOW: Research service launches with 50 backers

rsrchxchange, September 21, 2015

Originally published in FOW September 21, 2015 Written by Jeff Lukes A London-based start-up launched on Monday a service backed by more than 50 providers aiming to tap growing demand for “unbundled” research from fixed income and equity fund managers following the introduction in Europe of the far-reaching Mifid reforms set to be finalised this…

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RSRCHXchange launches RSRCHX: the marketplace for institutional research

rsrchxchange, September 21, 2015

RSRCHXchange launches online marketplace for institutional research; transforms the way in which the financial industry buys and sells institutional research London, 21 September 2015: RSRCHXchange officially launches RSRCHX today, its online marketplace for buying and selling institutional research. Built in consultation with asset management institutions and research providers, RSRCHX radically modernises the way in which…

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The market for investment research is changing

rsrchxchange, September 1, 2015

With the potential to affect the largest change to the industry since the Big Bang, MiFID II will dramatically alter the market for investment research across Europe. Academics Alastair Haig and William Rees remind us that we are already in the midst of a fundamental change in the operation of this market. Commission Sharing Agreements (CSAs) were…

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The Fate of Research (3 of 3)

rsrchxchange, August 20, 2015

The mid-tier and local broker A little discussed impact of MiFID II is its impact on the mid-tier brokers and smaller local brokers throughout Europe.  Typical fully integrated trading and research operations, they receive both CSA payments and trading currently to pay for their services. When execution and research become unbundled then these two activities…

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Nomura part of an ongoing trend

rsrchxchange, August 10, 2015

Nomura’s early action to downsize their fixed income research department has been the subject of much attention as the first bank to make such a move in response to MiFID II. They are not, however, the first bank to cut back on research headcount. Edison estimate that the number of sell side research analysts has halved…

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The Fate of Research (2 of 3)

rsrchxchange, July 22, 2015

The Big Bank It is easy to say that banks will call the shots and lets wait and see how they respond. This is usually the case. The banks always have a plan. However, for the first time in my career I am not so sure. We have seen some early responses: the rate card…

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The Fate of Research (1 of 3)

rsrchxchange, June 16, 2015

The research payment account (RPA) is coming. For a 446 page document which has the potential to shake capital markets in Europe, never has so much attention been focused on one word within one paragraph (to the detriment of all the other changes the document outlines). This word is ‘linked’ <not be linked to the…

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Integrity Research: New Research Distribution Platforms Signal Major Change

rsrchxchange, June 1, 2015

Originally appeared in Integrity Research

June 1, 2015 Written by Sanford Bragg

Suddenly there are a half dozen new research distribution platforms with least a couple more in development….

Continue reading at www.integrity-research.com

 

Summer holiday at the European Commission

rsrchxchange, May 20, 2015

The rumour mill may be proven right yet again. There has been growing speculation that ESMA will be forced to delay the release of the draft technical standards until September. This now appears to be an extremely likely outcome as the chairman of ESMA, Steven Maijoor, wrote to the European Commission warning of a delay….

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More on Paying for Research

rsrchxchange, March 25, 2015

Has the ability to pay away for research had an impact on the financial research market? As part of their ongoing study into the market for investment research, Alistair Haig and Professor Bill Rees surveyed 40 UK buy-side institutions to evaluate the impact of Commission Sharing Agreements (CSAs). The resounding answer is “yes”.  The CSA payment…

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What $25trn of AUM thinks about Paying for Research

rsrchxchange, March 9, 2015

TABB group spoke with over 50 asset managers trading European equities on the consequences, intended or otherwise, of research and execution unbundling.  The report shouldn’t be ignored – the funds manage $25.5trn in total. That being said, the report’s headline stat doesn’t come as a huge surprise: 67% of participants believe that research payments will decline. Nearly…

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IRP Conference – 3rd March

rsrchxchange, February 26, 2015

Excited for next week’s Global Independent Research Conference where we’re exhibiting and hosting a panel. If you’re interested in attending, please get in touch. info@rsrchxchange.com
http://www.researchforinvestors.com/images/doc/Conference%20Brochure.pdf

What about the other SMEs?

rsrchxchange, February 25, 2015

Markus Ferber is right to think about the impact of MiFID II on small and medium businesses but he’s forgetting an important group – the SMEs who produce the research in question. The independent providers have been operating at a significant disadvantage to banks and brokers who have been giving away research for free for…

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Welcome our Advisors!

rsrchxchange, February 20, 2015

We are so honoured to announce that three stellar individuals have joined RSRCHXchange as senior advisors – Alistair Haig, Don Guiney and John Lowrey. Each brings a vast amount of experience from their different specialities within financial markets, and we could be more thrilled to work with them!  Check out their bios

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FCA says CSAs are out

rsrchxchange, February 19, 2015

Today’s feedback from the FCA on ESMA’s technical advice is a must read for anyone who cares on dealing commissions. CSAs are out and Research Payment Accounts (RPAs) are in. This won’t be taken well by many in the industry who have argued that CSAs are a good existing process that should be enhanced not…

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