Investment research platform ResearchPool has launched an MiFID II solution for investment firms to manage budget, spending, consume and evaluate research, named Tool for Research Usage and Evaluation (TRUE).
TRUE aims to enable investment firms to easily manage and control research spending and usage by investment strategy, portfolio/portfolio manager and provider/analyst.
Compliant with MiFID II obligations, TRUE provides a single point to manage budgets and spending funded by P&L and/or Research Payment Accounts (RPAs), and includes pre-funded accounts for flexibility. Additionally, functionality provides tracking for research spending, usage and ratings purchased through the ResearchPool marketplace, as well as research contracted directly with third party research providers via entitlements.
TRUE is accessible in the Cloud and combines a best in class user interface with unrivalled analytics capabilities, supporting regulatory compliance and ensuring firms spending is directed to the most valuable providers for their end-clients.
“TRUE provides a powerful solution that simplifies the complexities of managing research resources in the upcoming unbundled world,” says Pedro Fernandes (pictured), co-founder and CEO of ResearchPool. “By improving sourcing, spending and the valuation process for research, investment firms will be better aligned with the interests of their end-clients and raise the overall quality of the research offering efficiently.”
ResearchPool today offers a fully-integrated service combining: a marketplace for all types of research including Equity, Fixed Income, Credit, SRI and Macro with the flexibility to buy individual reports or subscription packages; a centralised and powerful tool to manage budget, spending, usage, valuation and evaluation of all research resources; and integration with the best standards CSA/RPA platforms such as Instinet and ITG.
