TECHNOLOGY

Visible Alpha adds email filter to research platform

Tool will allow firms to flag up emails that could count as inducements.

By John Bakie john.bakie@strategic-i.com October 09, 2017 10:30 AM GMT

Research platform provider Visible Alpha has added the ability to filter non-solicited research from inboxes, which could fall foul of incoming rules in MiFID II.

Visible Alpha said email could be an inducement risk if traders receive research they did not request from brokers. To tackle this, it has added the ability to flag and filter emails that could be considered inducements to its ONEaccess research platform.

The application can classify all email data, including content, links and attachments and can flag anything which could constitute research.

Its email solution has been created in conjunction with compliance technology specialist SPi Global.

Visible Alpha is also adding a budgeting tool to the ONEaccess platform which will enable firms to manage fixed and variable research costs. Firms can set budgets and allocate funds to specific groups, individuals and time periods.

Both tools are intended to help firms with their MiFID II compliance, which will force firms to unbundle research and execution costs and stop research being used by brokers as an inducement to gain execution business.