Prime broker Global Prime Partners (GPP) is to work with RSRCHXchange, a market for institutional research, to access materials ahead of MiFID II unbundling regulations.
GPP’s clients will have direct access to content via RSRCHXchange’s dashboard which was launched in April this year.
Head of prime brokerage at GPP, Sean Capstick, said that as the business has grown, its clients are looking for support in providing alpha for their end clients.
He said: “For the first time research is available in one place, with payments made easy, unbundled and MIFID II compliant. This partnership enhances our offering to the fund manager and helps them with the core role they perform – generating returns for their investors.”
Vicky Sanders, co-founder of RSRCHXchange stressed that asset managers using the platform “can be confident that their access, procurement and management of research is MiFID II compliant.”
Demand for more sophisticated distribution methods for research has led to a number of firms launching new marketplace solutions to allow the direct purchase of research.
The MiFID II delegated acts, released earlier this month, revealed an increased administrative burden for firms buying and consuming research. It is expected many firms may begin paying for research out of their own funds rather than levying additional charges on investors.