COMMICSECM platform to automatically unbundle trades for US asset managers for increased spending transparency.
The AMF has launched a study into the impact of unbundling in order to improve coverage for small- and mid-cap stocks.
Andrew Bailey told delegates at an event this week that the unbundling of commissions and research payments has been positive for the industry so far.
CFA Institute report suggests unbundling has not had a positive impact on the industry as budgets decrease, while coverage and quality of research falls.
Analytics on average global commissions shows that rates have declined across developed and emerging markets.
Deloitte's 2019 regulatory outlook report predicts burden of absorbing costs of research under MiFID II will reinforce trend of consolidation on the buy-side, particularly among smaller firms.
ABN Amro, Liberum, Peel Hunt and Numis are among the sell-side research providers to join the programme launched by RSRCHXchange.
Study from Liquidnet finds that more than half of asset managers have implemented a global policy for unbundling under MiFID II.
Union Investment and BMO Global Asset Management are using Bloomberg’s research service to comply with MiFID II.
Deutsche Bank’s CFO says external research costs related to MiFID II reached €20 million in the first half of the year.