RSRCHX (Research Exchange), the leading marketplace for institutional research and provider of MiFID II research solutions, has partnered with CorpAxe, the corporate access management solution provider, to make research consumption data available to mutual buy-side customers.
The agreement allows all research consumption and research assessment data to be passed from the RSRCHX platform to CorpAxe through the RSRCHX data API. Making consumption and assessment data available alongside other sell-side interaction data provides users with a complete, unbundled overview and MiFID II compliant audit trail.
The partnership overcomes significant data reconciliation challenges between buy-side and sell-side. Live consumption tracking and assessment of research available on the RSRCHX platform can now be used by the CorpAxe research valuation and research counterparty evaluation tools to give users real time, per-piece research assessment.
Ed Byon, CEO and Co-Founder, CorpAxe, said: “This is a great opportunity for CorpAxe customers. Linking to RSRCHX means they can quickly reconcile their data, assess research consumption in real time, and value research more easily. Partnering with RSRCHXchange complements our offering and is part of our mission to create scalable and innovative solutions for our buy-side clients.”
Vicky Sanders, Co-Founder, RSRCHXchange, said: “We are excited to partner with CorpAxe to make research consumption and assessment data available to their buy-side clients. Working with CorpAxe will bring the benefit of our research consumption analytics to a much broader audience and furthers our commitment to interoperability which will help the industry to meet the looming MiFID II deadline.”
Jeremy Davies, Co-Founder, RSRCHXchange, added: “MiFID II compliance is on the minds of everyone at buy-side firms this year. This partnership with CorpAxe is a great example of how the asset management firms in our network can use our unique live consumption analytics, real-time research assessment tools and research marketplace in conjunction with another best-in-breed solution to meet their MiFID II requirements. We look forward to rolling out further innovations to improve the service we provide for our customers.”