Collaboration between data and technology firms aims to help investors and brokers meet MiFID II reporting requirements
New York, April 30, 2018 – S&P Global Market Intelligence (SPGMI), a division of S&P Global (NYSE: SPGI), today announced that it is collaborating with Visible Alpha through the company’s ONEaccess platform to aid mutual institutional buy-side clients with tracking and valuing research products and services following the application of the revised EU Markets in Financial Instruments Directive and Regulation (MIFID II).
The collaboration involves the following:
- SPGMI will provide key readership data to the ONEaccess platform which enables buy-side clients to better score broker interactions and identify the value of brokers’ research services.
- SPGMI will deliver research entitlement data to the ONEaccess platform which enables buy-side clients to preview and closely manage research from brokers with whom they do not have a relationship. This will help mutual clients conduct due diligence, evaluate research and manage compliance questions in relation to the MiFID II inducement and research regimes.
- In the future, SPGMI will also be working with Visible Alpha and sell-side brokers to automate and integrate brokers’ entitlements processes and data to help them assist buy-side clients in meeting MiFID II reporting requirements.
MiFID II is the legislative framework regulating investment firms, services related to financial instruments, and venues where those instruments are traded in the EU.
The SPGMI and Visible Alpha collaboration aims to help buy- and sell-side meet their MiFID II reporting requirements.
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