21 May 2018
visit www.ebaday.com

Euclid Opportunties takes stake in RSRCHXchange

23 February 2017  |  5921 views  |  0 Business meeting finger pointing on chart

Euclid Opportunities, the financial technology investment business of NEX Group, has invested in institutional research outfit RSRCHXchange.

Launched in 2014, RSRCHXchange is bidding to take advantage of new rules mandated by MiFID II which forces asset managers to pay separate fees for stock research - previously bundled up as an add-on to execution charges levied by broker dealers.

The firm says it research marketplace is used by more than 1000 asset management firms and around 190 bank, broker and boutique research providers.

The investment is the latest in a string of deals conducted by Euclid Opportunities, the financial technology investment fund that is set to play a key strategic role for NEX Group as it charts a new path following the sale of its voice broking business to Tullett Prebon. Other recent Euclid Opportunities investments have focused on young firms transforming the capital markets industry including Abide Financial, ENSO Financial, OpenFin, Duco and OpenGamma.

Michael McFadgen, managing director at Euclid Opportunities, says: “MiFID II research unbundling is a key challenge for our clients and the wider market in 2017. RSRCHXchange is bringing next generation technology to solve a complex regulatory challenge while also allowing both providers and consumers of research to extract greater value from content.”

The size of the investment was not dicslosed.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Icap to rebrand as financial technology company

Icap to rebrand as financial technology company

16 May 2016  |  11148 views  |  0 comments | 8 tweets | 9 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
IT implications and the need to pivotIT implications and the need to pivot
9859 views comments | 2 linkedin
Ripple moves to build ecosystem around XRPRipple moves to build ecosystem around XRP
9789 views comments | 5 tweets | 8 linkedin
HSBC claims blockchain breakthrough for trade financeHSBC claims blockchain breakthrough for tr...
9552 views comments | 14 tweets | 16 linkedin
Former JPMorgan blockchain leads unveil new startupFormer JPMorgan blockchain leads unveil ne...
7425 views comments | 2 tweets | 2 linkedin
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
7134 views comments | 12 tweets | 24 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job