Buy Side Reacts to SEC MiFID II No-Action Letter Expiry
More than $100 million of annual research payments are at risk, Substantive Research says.
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More than $100 million of annual research payments are at risk, Substantive Research says.
A majority of asset managers believe the commission’s decision will result in even fewer independent research firms.
<ul> <li aria-level="1"><span>Views are split on whether brokers becoming Registered Investment Advisors (RIAs) solves research payment challenges, while Research Payment Accounts (RPAs) for the buy side are not considered a desirable option. Either way, they cannot be implemented in time. </span></li> <li aria-level="1"><span>60% believe the most likely outcome is that global US brokers will be paid entirely in Europe for research consumed in both regions.</span></li> <li aria-leve...
Brand power in the index market is “enormous,” which may be one reason new entrants have found it hard to compete, says Substantive Research’s Mike Carrodus.
<p><span>Substantive Research, the research discovery and research spend analytics provider for the buy-side, today published headline conclusions on the current state of the Market Data pricing market, based on insights generated by its new Market Data Spend Analytics service. </span></p>