Upcoming regulatory upheavals mean the research market is wide open for firms that can act “quickly and decisively”, Substantive Research told The TRADE.
Disparity in pricing doubles since last Substantive Research review in October; follows FCA’s conclusion last week that competition in wholesale data markets is not working.
Following a similar survey in August, Substantive Research finds the asset management community still largely unprepared for structural changes impacting research from this year.
Participants from Legal & General Investment management, BMLL Technologies, Substantive Research, and Adaptive Financial Consulting explore data trends for 2023.
According to Substantive Research, pricing inconsistencies also exist within the ratings market and index market, as well as in the research and analytics market.
Survey finds firms left flailing after regulator confirmed plans last month to allow its no-action letter allowing EU asset managers to pay US brokers in cash for research to expire next year.
According to Substantive Research, prices paid by buy-side institutions massively vary across reporting licenses, index access and index products.
The research found that competition for the provision of investment research has decreased due to MiFID II, with bulge-bracket providers dominating.
With the first trading focused sustainability initiative preparing to launch and swathes of regulation and data focused initiatives being brought to market, these individuals see sustainability at the heart of market discussion next year.
New research dashboard by Substantive Research will offer asset managers insights on pricing from research providers, sector coverage and investment in analyst teams.