Euronext acquires Substantive Research
17 September Netherlands
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Euronext has acquired Substantive Research, a leading research and market data benchmarking provider.
Following the integration of Substantive Research, the companies say Commcise clients will be able to gain access to unique market benchmarks within the application. This will enable asset managers to demonstrate compliance with evolving regulation with the help of a single, integrated technology solution.
Substantive Research customers will benefit from Euronext and Commcise’s scale, which will help Substantive Research to grow the universe of vendors that are benchmarked and also expand the variety of benchmarking products that it can offer to the buy and sell side, says the firm.
Camille Beudin, head of Diversified Services of Euronext, comments: “The acquisition of Substantive Research will accelerate the growth of our Investor Services business with leading research and market data benchmarking capabilities and cross-selling potential with Commcise, our commission management and research valuation solutions.”
Mike Carrodus, founder and CEO of Substantive Research, says: “With the research market poised for yet more regulatory-driven changes, plus market data consumers grappling with increasing costs and pricing opacity, we are so excited to be able to accelerate our coverage and data depth with Commcise and Euronext’s insight and resources. It feels great that we can now accelerate development into areas we know our clients need greater market transparency.”
Following the integration of Substantive Research, the companies say Commcise clients will be able to gain access to unique market benchmarks within the application. This will enable asset managers to demonstrate compliance with evolving regulation with the help of a single, integrated technology solution.
Substantive Research customers will benefit from Euronext and Commcise’s scale, which will help Substantive Research to grow the universe of vendors that are benchmarked and also expand the variety of benchmarking products that it can offer to the buy and sell side, says the firm.
Camille Beudin, head of Diversified Services of Euronext, comments: “The acquisition of Substantive Research will accelerate the growth of our Investor Services business with leading research and market data benchmarking capabilities and cross-selling potential with Commcise, our commission management and research valuation solutions.”
Mike Carrodus, founder and CEO of Substantive Research, says: “With the research market poised for yet more regulatory-driven changes, plus market data consumers grappling with increasing costs and pricing opacity, we are so excited to be able to accelerate our coverage and data depth with Commcise and Euronext’s insight and resources. It feels great that we can now accelerate development into areas we know our clients need greater market transparency.”
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