TECHNOLOGY

FactSet and ONEaccess target MiFID II with new tools

FactSet and ONEaccess have combined their services for unbundling tools.

By Hayley McDowell hayley.mcdowell@strategic-i.com April 10, 2017 11:05 AM GMT

FactSet and ONEaccess have teamed up to produce a suite of tools aimed at tracking and unbundling research services ahead of MiFID II.

Clients of FactSet will be eligible to attend corporate access events and be able to create a research valuation framework carrying out broker quantitative votes within its research management solution.

The service has three additional applications, including ONEaccess’ forward calendar, resource tracking and broker vote.

David Hannibal, manager of channel partners at FactSet, explained new disclosure and tracking obligations means trading teams are seeking new tools.

“The combination of FactSet and ONEaccess offers a seamlessly integrated solution with the scale, breadth, and depth needed to assist our clients with MiFID II compliance,” he said.

Mike Stepanovich, CEO of ONEaccess, added users will be able to access to all relevant research content in one place.

“This is important for compliance with MiFID II regulations in Europe and is quickly becoming a best practice in the US,” he explained.

Liquidnet recently partnered with ONEaccess to provide institutional investors with tools to manage, track and pay for research under MiFID II.

ONEaccess’ resource tracking service, which allows users to create a framework for research valuation and to monitor interactions between research firms, has been integrated with Liquidnet’s commission management service.