TECHNOLOGY

ITG integrates ONEaccess tech for MiFID II unbundling

ITG’s research payment account adds ONEaccess’ research valuation tools for unbundling.

By Hayley McDowell hayley.mcdowell@strategic-i.com April 12, 2017 12:11 PM GMT

ITG has teamed up with ONEaccess to integrate their services for an unbundling tool ahead of MiFID II.

ONEaccess research valuation will be integrated with ITG’s research payment account (RPA) to help asset managers unbundle research.

ITG’s global head of commission management, Jack Pollina, explained the firm’s RPA tool “seeks to assist clients with the challenges of MiFID II compliance and reporting, reducing regulatory and administrative burdens and providing payment flexibility.”

The research valuation tool from ONEaccess provides broker voting and allows asset managers to monitor, aggregate and analyse interactions with research providers.

ITG is the latest firm to partner with ONEaccess on unbundling. Last month, Liquidnet integrated ONEaccess’ resource tracking service with its commission management service.

ONEaccess was acquired by Visible Alpha - a FinTech firm backed by the likes of UBS, Morgan Stanley and Bank of America - in January this year.

Vision Alpha integrated the ONEaccess buy-side tool onto its platform, to improve workflow for tracking sell-side interactions.