FactSet Teams with Liquidnet to Offer MiFID II Research Unbundling Solution
26 July 2017 - 4:57PM
NEW YORK and LONDON, July 26, 2017 (GLOBE
NEWSWIRE) -- FactSet, a global provider of integrated financial
information, analytical applications, and industry-leading
services, announced today the integration of Liquidnet's Broker
Vote and Commission Management System with FactSet's Research
Management Solutions (RMS). Through this combination, firms can
track the research they have consumed, the value they derive from
it, and all relevant interactions around an investment decision in
FactSet RMS and, through the integration with Liquidnet, seamlessly
conduct their review and distribute research payments.
FactSet provides clients the ability to consume,
track and rate broker research effectively using a robust
entitlements system. In addition, users have the ability to track
corporate access and rate interactions with third parties within a
customized framework using FactSet RMS. Multiple reporting options
are available to help firms fully analyze resource and consumption
data. This full-service solution enables firms to integrate with
their own proprietary processes and allows companies to maintain an
audit trail that tracks the rationale behind trades to both
investors and regulators alike, while providing evidence of the
valuable research services provided to clients.
Liquidnet's award winning commission management
and research payment service provides a full suite of solutions
from its CSA/RPA aggregation service to the tracking of research
budgets using its Commission Analyzer and distribution of payments
based on its broker evaluation vote.
"As part of being MiFID II compliant, firms need
to track and review valued interactions. They want a seamless
solution for research unbundling and this integration supports more
continuity for MiFID II compliance," said David Hannibal, Global
Manager of Channel Partners, FactSet.
"With MiFID II around the corner, firms are
increasingly looking for providers that can offer 'full-service'
research management and connect them to payment solutions that meet
their unbundling requirements," said Sandra Delmore, Head of
Commission Management Solutions at Liquidnet. "FactSet's RMS is a
leader in this space and we're proud that they have chosen
Liquidnet's RPA offering as their preferred payment management
solution."
For more information on FactSet's Research
Management Solutions
visit: https://www.factset.com/analytics/research_management.
About FactSet
FactSet (NYSE:FDS) (NASDAQ:FDS) delivers superior analytics,
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and seize opportunity sooner. We are committed to giving investment
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FactSet
Media Relations Contact:
Amy Bowman
203.810.2144
Abowman@factset.com
Investor Relations Contact:
Rima Hyder
857.265.7523
Rima.hyder@factset.com
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Source: FactSet Research Systems Inc. via
Globenewswire
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