ITG, Commcise Target Buy-Side Mifid II Research Payment Struggles with Integrated Offering
Integrated solution to provide end-to-end offering for asset managers in research payment and management ahead of rule changes.
In March, UK regulator the Financial Conduct Authority (FCA) sent a cautionary message to the asset management community, warning that firms were still not meeting expectations on dealing commission expenditure and securing best execution for their clients.
It was a damning indictment of the industry, given that the bar will soon be raised even higher with the introduction of new rules around research unbundling and payments under Mifid II in January 2018. The move to simplify what is generally
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