Institutional research marketplace RSRCHXchange has secured another partnership, making its research available to the institutional clients of trading and information solution provider Infront.
Through the Infront terminals, clients will gain access to institutional research from more than 140 research providers, allowing them to access and purchase research in a manner compliant with the Markets in Financial Instruments Directive (MiFID) II.
Under MiFID II, investment research must be bespoke to each institution, and investment firms must pay for research with their own funds, or through a separate designated account, which is charged to the client. Research fees also have to be separated from execution and trading fees.
The new rules are designed to improve transparency, and to stop research costs being unfairly passed on to clients.
Morten Lindeman, CTO and co-founder of Infront, said: “We are pleased to offer our clients a state of the art solution for accessing a marketplace of MiFID II-compliant online research.”
“This enables our Infront users to buy research in a more efficient, transparent and auditable way. We see this as an important step in following the future demands on how financial research will be consumed in a post-MiFID II world.”
Jeremy Davies, co-founder of RSRCHXchange, added: “We are very excited about the partnership with Infront. What we set out to achieve was to make research easy to find and access from any working environment. Not only will the collaboration make RSRCHX research accessible on the Infront platform, it will also open the research available on our platform to thousands of new users.”
