Integration Between Leading Providers Prepares Investors For MiFID II Requirements With Greater Confidence
New York, April 12, 2017 – ONEaccess, a Visible Alpha company and leading corporate access and research valuation platform and ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced an agreement to offer investor clients an integrated solution that simplifies compliance with MiFID II requirements around valuing and paying for research content.
The integration between the ONEaccess and ITG solutions will enable asset managers to meet the unbundling requirements under MiFID II with the following suite of tools:
The ONEaccess Research Valuation Solution: Empowers asset managers to monitor, aggregate and analyze all of their interactions with research providers in one place, ensuring that consumption is aligned with the firm’s research budgets. To facilitate the assessment of research quality, customizable research provider scorecards let firms assign weightings to valuable research services, build broker votes from the bottom-up using detailed consumption and value metrics, and then action payments to RPAs.
The ITG Research Payment Account (RPA): Enables asset managers with the flexibility to fund their RPA with a research charge alongside the execution in a manner that can be operationally similar to a traditional Commission Sharing Agreement (CSA). It can also be funded with a direct research charge to investors or from a firm’s own P&L. RPA accounts managed by ITG are held in an escrow account at a major global bank in Europe, segregated from brokers’ funds and controlled by the asset manager.
“As MiFID II requirements are unveiled, being able to manage, value and pay for the consumption of research in one place is increasing in importance,” said Mike Stepanovich, CEO of ONEaccess. “We’re excited to work with ITG to bring an integrated solution to the asset management community.”
ITG’s Global Head of Commission Management, Jack Pollina, said “ITG’s RPA solution seeks to assist clients with the challenges of MiFID II compliance and reporting, reducing regulatory and administrative burdens and providing payment flexibility. We are pleased to offer this integration with ONEaccess, which delivers important research valuation and broker vote capabilities to our clients.”
Clients of ONEaccess and ITG will be able to subscribe and obtain access to the integrated product offering immediately.
For more on ONEaccess’ Research Valuation Solution, visit hub.oneaccess.io/buy-side-solutions.
For more on the ITG Research Payment Account solution, contact firstname.lastname@example.org.
ONEaccess, a Visible Alpha company, is a content and interactions hub that is changing the way the buy side and the sell side collaborate with one another. Founded in 2014, ONEaccess improves the efficiency of discovering, analyzing and valuing events and interactions between professionals on both sides of the market. Our growing suite of intuitive productivity tools fosters trust and transparency in the broker-client relationship and frees up time for generating alpha in the process. For more information on Visible Alpha, please visit www.oneaccess.io.
About Visible Alpha
Visible Alpha is transforming the way Wall Street firms collaborate on research, financial models and other services. With more than 200 employees globally, the rapidly growing company combines advanced data correction methodologies, a secure distribution network and sophisticated analytical tools on the front end to drive efficiencies and transparency into the research process and help firms generate alpha in new and differentiated ways. Visible Alpha is backed by firms including Bank of America Merrill Lynch, Citi, Jefferies, Morgan Stanley and UBS. For more information on Visible Alpha, please visit www.visiblealpha.com.
Investment Technology Group applies technology and trading expertise to reduce implementation costs, helping clients improve investment performance. ITG is a leading provider of commission management services and offers both traditional CSA and aggregation services worldwide as well as RPA administration services for asset managers with registered operations in Europe. ITG provides access to a network of more than 5,000 research providers, brokers and vendors worldwide. ITG was ranked #1 for CSA service and execution quality among mutual funds and hedge funds in the 2016 Greenwich Associates U.S. survey. For more information please visit www.itg.com.
Forefront Communications for Visible Alpha