Since MiFID II’s research unbundling rules came into force in January 2018, with the regulatory intention of eliminating the sellside’s practice of offering investment research as inducements to utilise their execution services by mandating that explicit fees are charged for research, the ‘value’ of research has become a pressing question. Rather than passing these fees onto their clients, most European … Read More

This is not another “demise of the sell-side” article Since the introduction of MiFID 2 in January of last year, there have been many pieces written by journalists, industry practitioners and other experts on the impact for both buy-side and sell-side professionals. Much of what has been written focussed on shrinking sell-side research budgets, the hit to IRPs, the exodus … Read More

Authors: Stephen Carney, CEO and John Norris, COO Impact on market participants The breadth of the regulation captures, directly and indirectly, a wide range of buy-side firms, varying in size and strategies, as well as their sell-side research services providers (both traditional and independent). Whatever the actual level of preparedness of asset managers and hedge funds some clear trends have … Read More