Research service provider Commcise has added contract-management functionality to its CommciseBuy platform. The service has been developed from the ground up and will let users model fixed-price contractual relationships more accurately.
The addition of the functionality is a direct result of provisions in the revised Markets in Financial Instruments Directive (Mifid II), which stipulates that research must be paid for separately from execution commissions. This process, known as unbundling,
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