Access 342 Eyes Electronic Research Auctions, More Analysts

Independent research provider Access 342, which announced the formal launch last week of its "Dutch auction" model for buy-side firms to buy research, plans to roll out an automated platform for clients to bid on research once its client base has grown, officials say.

"We have developed software to do that, and it is functional. But we haven't turned it on yet because at this scale it is better [to conduct our auctions] by phone or email," says chief executive Robert Dewey. The firm currently

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