Global Prime Partners, the award-winning boutique prime broker, has signed a partnership with RSRCHXchange, the online marketplace for institutional research, to provide its growing client base with access to leading research content.
Global Prime Partners’ clients - including hedge funds, family offices and asset managers – will now have direct access to vital institutional research from over 130 providers on the RSRCHX platform and will be able to track usage in real time via the integrated dashboard.
Global Prime Partners is a multi-award winning financial services firm that provides prime brokerage, execution, clearing and custody services to hedge funds, broker-dealers, asset managers, family offices and professional traders. Clients are able to access the global financial markets via its multi-asset class trading platform, which provides trade execution, margin financing, securities lending, clearing and custody services.
Launched in September 2015, the RSRCHX platform was built in consultation with asset management institutions and research providers to improve upon the cumbersome legacy practices of research distribution and procurement. The platform enables asset managers to buy research in a more efficient, transparent and auditable way, while the RSRHCX Dashboard allows asset managers to track firm-wide research consumption and improve the procurement process, which helps firms stay ahead of MiFID II unbundling requirements.
Sean Capstick, Head of Prime Brokerage, Global Prime Partners commented: “As our business has grown, we find ourselves increasingly working with larger and more complex clients. They are looking to Global Prime Partners not just for their financing needs, but also for support in their core business of providing alpha to their end clients. We are very excited about our new partnership with RSRCHXchange as our clients can now obtain cutting-edge research from some of the top research providers. For the first time research is available in one place, with payments made easy, unbundled and MIFID II compliant. This partnership enhances our offering to the Fund Manager and helps them with the core role they perform – generating returns for their investors.”
Vicky Sanders, Co-Founder of RSRCHXchange, commented: “We are very excited to be working with Global Prime Partners to offer them and their asset management clients access to a wide array of leading research providers. GPP are a multi-award winning prime broker because they continue to deliver leading-edge solutions to their customers. We are looking forward to being a part of that offering, helping clients with their research needs. By using our RSRCHX platform, asset managers can be confident that their access, procurement and management of research is MiFID II compliant. This partnership expands our ever-growing international client base and we look forward to working with GPP and their customers in the future.”
Contributed | what does this mean?