Screen Adds Soft Commission Costs to Infomatch
The move will enable clients of the Infomatch platform to monitor data provided using soft-commission agreements with brokers.
The module, which will go live in September, will link the commissions paid by clients to their brokers with their inventory and the invoices they receive, as well as automatically calculating remaining credit.
Soft commissioning has existed in the market for a long time, says Screen Infomatch chief executive Peter Fruitema, “If an asset manager wants to do a trade, he will go and find a broker and rather than getting a discount on the deal, the broker will say ‘I will pay for your information
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