New York
25 April 2017
Reporter: Drew Nicol
ENSO and RSRCHX pair up for MiFID II solution
The NEX Group's ENSO, a centralised treasury management solution for the buy side, is set to expand its broker vote tool to include research consumption for the second Markets in Financial Instruments Directive (MiFID II).

The new feature will be powered by RSRCHXchange, the MiFID II compliant marketplace for institutional research.

ENSO promises that the expanded tool will provide buy-side institutions with evidence-based evaluation of research providers and budget setting to comply with upcoming 2018 regulatory requirements.

Clients will gain a clear methodology for research payments, fully validating how payments for research were reached based on the quantity and quality of services provided.

RSRCHXchange is the latest company to join Euclid Opportunities portfolio, NEX Group’s financial technology investment business.

RSRCHX, RSRCHXchange’s marketplace and MiFID II workflow solution for institutional research, was launched in 2015, in anticipation of the unbundling rules which come into force in January 2018.

Matthew Bernard, CEO of ENSO, said: “MiFID II is a key focus, not only for our clients but for the broader marketplace in 2017. By expanding our broker vote tool we are able to deliver an enhanced solution to address the pivotal research requirements for both our sell-side and buy-side clients alike.”

"At NEX, we have a strong history of partnering with businesses that are addressing tomorrow's issues. We are excited to collaborate with RSRCHXchange to solve this problem for our clients and the market.”

Vicky Sanders, co-CEO of RSRCHXchange, added: "We are excited to be working with ENSO and enhancing their broker vote tool. They are award-winning innovators and they are providing the industry with an evidenced broker vote tool which is not only MiFID II compliant but also best in breed.”

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Euroclear embarks on fintech partnership for automated asset allocation
15 June 2017 | Brussels | Reporter: Stephanie Palmer
Euroclear has partnered up with UK-based financial technology company Quantessence, to provide an automated platform for running asset allocation algorithms
Chinese fintech breeding global opportunities
14 June 2017 | Berlin | Reporter: Stephanie Palmer
Chinese innovation in financial service poses an opportunity for the wider fund management industry, according to Porter Erisman, former vice president at Chinese ecommerce platform giant Alibaba Group.
Robo revolution at risk
14 June 2017 | Berlin | Reporter: Stephanie Palmer
Robo advisory services may boost efficiency in portfolio management, but they could be at risk of a crash if they don’t adhere more closely to regulation, according to speakers at Fund Forum International
SimCorp embraces derivatives liquidity boost
09 June 2017 | London | Reporter: Stephanie Palmer
SimCorp is partnering up with multi-dealer derivative platform OTCX to provide a more integrated trading workflow for OTC derivatives
RBC and Commcise launch MiFID II-compliant research payment tool
08 June 2017 | London | Reporter: Stephanie Palmer
Royal Bank of Canada is partnering with Commcise to provide segregated research payment accounts for buy side clients, to help them in compliance with MiFID II
NEX enlists Duco for MiFID II reconciliations requirements
07 June 2017 | London | Reporter: Stephanie Palmer
NEX Regulatory Reporting is partnering with Duco, a data normalisation and reconciliation service provider, to aid its clients in compliance with MiFID II
New CCP system promises efficient collateral management
06 June 2017 | Stockholm | Reporter: Mark Dugdale
Trading and clearing technology provider Cinnober has launched a risk management system for central counterparties
More technology news