Commcise and Singletrack have partnered to offer delivery consumption data—from Singletrack customers directly to Commcise buy-side customers.
The direct connection uses an application programming interface (API) that adopts the research information exchange markup language (RIXML) standard, so that new buy-side customers can be added rapidly.
Singletrack customers can automatically push clean consumption data on a daily basis, as well as consume real-time rejections and more interaction-level feedback.
Commcise customers benefit from readership data and services such as calls, meetings and conferences, while at the same time meeting new regulatory obligations, such as the second Markets In Financial Instruments Directive (MiFID II).
MiFID II now requires buy-side participants to measure, value and report all aspects of corporate access and research consumption.
According to Commcise, this integration puts a direct link between both of their platforms while maintaining levels of security and data confidentiality.
Amrish Ganatra, CEO of Commcise, said: “Singletrack customers want their consumption data to be made available to our buy-side customers in a secure, clean and timely manner so that their services can be most efficiently evaluated.”
He added: “Our customers use this data to help build a defensible research budget and valuation framework. We are delighted to partner with Singletrack in what everyone agrees is a win-win solution, providing a mechanism that will further enhance the performance and efficiency of our collective customer bases.”
Stuart Berwick, CEO of Singletrack, commented: “This is a transformational year in the capital markets industry. Singletrack are working in partnership with Commcise and our clients to ensure the automation of interaction data management, a problem which is rapidly becoming prohibitively complex to address manually.”
He added: “Coupled with advanced analytics available from the Singletrack platform, this enables our clients to position themselves for 2018 and 2019 with unprecedented insights into buy-side service levels and resource consumption trends.”
