RSRCHXchange has teamed up with corporate access management firm CorpAxe to make research consumption and assessment data available to mutual buy-side clients.
The partnership will see the additional data pushed from RSRCHXchange’s platform to CorpAxe via the RSRCHX data application programing interface (API).
Consumption and assessment data, alongside sell-side interaction data, will allow users to have a complete and unbundled MiFID II compliant audit trail, both parties said.
RSRCHXchange added the partnership overcomes data reconciliation challenges between the buy- and sell-side, while providing users with real-time per-piece price research assessments.
Ed Byon, CEO and co-founder at CorpAxe, explained linking to the RSRCHX platform means its customers can “quickly reconcile their data, assess research consumption in real time, and value research more easily”.
Vicky Sanders, co-founder at RSRCHXchange, added working with CorpAxe will bring the firm’s research consumption analytics to a broader audience.
Speaking at The TRADE’s FinTech Innovation for the Buy-side event last week, Sanders explained to delegates sell-side pricing of research ahead of unbundling requirements remain a concern.
“The sell-side have never done this before and I don’t think they have brought in new help or the right type of consultants in to advise on how to price content and how to get the best price for your biggest client,” she said.