26 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Euclid Opportunties takes stake in RSRCHXchange

23 February 2017  |  4830 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  |  8596 views  |  0 comments | 8 tweets | 9 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57366 views comments | 16 tweets | 36 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
9708 views comments | 43 tweets | 26 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8938 views comments | 23 tweets | 37 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
7925 views comments | 19 tweets | 28 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
7375 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job