The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

RSRCHXchange Adds Analyst Interaction to MiFID II Research Marketplace

By Uri Inspector, Staff Reporter

Institutional research aggregator RSRCHXchange has added an analyst interaction functionality to its platform, allowing research providers to book and sell meetings, calls, webinars and conferences to asset management and other buy-side firms. The initiative aims to help firms consuming research in compliance with MiFID II unbundling to choose services from among the banks, brokers and independents currently offering research via the RSRCHXchange marketplace.

The new features include integrated call and webinar hosting, and a consumption audit trail for both buy- and sell-side institutions. The platform is currently used by more than 1,200 firms and 350 research providers.

According to Jeremy Davies, co-founder of RSRCHXchange, “As our business grows, it’s important that we listen to our buy- and sell-side users and continue to build functionality that addresses their research needs. Research is a service and written reports are only just one part of that. We continue to expand our successful marketplace model to bring a complete research services offering to our buy-side users.”

The addition of analyst interaction comes on the heels of publication of poll results that revealed widespread difficulties among buy-side firms to adapt to the new unbundled research landscape, with small asset managers finding the transition the hardest. The survey of 418 executives from 350 firms globally – sponsored by RSRCHXchange – found that 43% of analysts and fund managers feel negatively impacted by reduced access to research, with 63% reporting having fewer meetings with sell-side research analysts.

Moreover, 45% of respondents from the smallest asset management companies felt worse off, which was much more so than the largest firms. As Davies says, firms have “no choice but to optimise their research strategy”, and the addition of analyst interaction to the RSRCHXchange is designed to facilitate that process.

Vicky Sanders, co-founder of RSRCHXchange, adds: “The findings of our recent survey have shown that 63% of buy-side firms are taking fewer meetings post MiFID II and that this is partly down to confusion over pricing. As a result of cost and time pressures, many of our research providers are increasingly looking for technology to help them to meet with and maintain close relationships with clients.”

Related content

WEBINAR

Recorded Webinar: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR

The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU and UK authorities. It has also changed dramatically following the UK government’s failure to reach equivalence...

BLOG

Are You Ready for Brexit?

Things might be up in the air at the moment around Brexit negotiations, but the UK financial regulators have made it very clear that firms must be ready for the final deadline on December 31, 2020 or risk facing the consequences. Firms that don’t prepare in advance for the changing regulatory environment could face tough...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in June 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

A-Team Group’s Valuations Vendor Directory 2009

An indispensable guide to valuations professionals seeking providers of services in the asset valuations market. A-Team Group’s latest release in its series of directories – available for FREE download – focuses on vendors of valuations data, models and analytics. But this is not just another list of firms with their telephone numbers – you can get that...