Nordea Asset Management has chosen CommciseBUY to help it comply with the second Markets in Financial Instruments Directive’s (MiFID II) commission and research requirements.
Nordea, which has more than €191 billion in assets under management, chose Commcise’s software for its end-to-end commission management and research evaluation processing capability.
According to Commcise, the investment management solution will support Nordea's transition to MiFID II research payment account compliance, in preparation for the January 2018 deadline.
Amrish Ganatra, CEO of Commcise, stated: “We are delighted to welcome Nordea as a client and to have become a key partner in their commission management and research evaluation process.”
“This project, delivered on time and within budget, is providing a single end-to-end, cloud based solution, with all the functionality required in a secure, cost-effective manner.”
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