The TRADE sits down with Mike Carrodus, chief executive and founder of Substantive Research to unpack the UK’s Financial Conduct Authority’s (FCA) recent bundling rules, discussing the most important considerations for traders, expected speedbumps, and the state of play across the UK, US, and EU.
More than half of asset managers also confirmed that recent updates to Mifid II unbundling rules remove operational barriers to charging clients for research, says Substantive Research.
As the market keenly awaits the results of the FCA’s study into data prices, the buy-side is eager for a way to ensure that pricing is more closely tied to cost rather than value, a market expert tells The TRADE.
Participants across TD Cowen, RBC Capital Markets, and Substantive Research dive into potential shifts in bundling rules for research in 2024 as well as the impacts of the US shift to T+1 settlement.
Provider power is creating a dynamic in which asset managers and banks are on an unsustainable path - it will become economically un-viable, Substantive Research chief told the TRADE.
The average investment research budget among asset managers has fallen by 6.5%, according to Substantive Research’s latest buy-side survey.
Following last’s night Mansion House address, industry experts provide insights into the latest research developments to improve the attractiveness of UK markets.
With the expiry of the SEC ‘no-action’ letter based on enforcement surrounding research services, industry experts provide insights on the impacts and possible solutions.
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.