27 July 2017
visit www.avoka.com

Eric rebuilds research dashboard for asset management industry

20 March 2017  |  1838 views  |  0 Source: Eric

ERIC (Electronic Research Interchange), the marketplace for institutional investment research, has released the latest iteration of its platform and launched a research management dashboard which enables asset managers to better identify the worth of the research consumed within their organisation.

The redesign is part of the ongoing development of the ERIC platform, in consultation with the buy-side, and addresses the concerns expressed by the FCA in its recent review of asset managers’ use of dealing commission. The FCA identified that many managers could not attribute a cost to substantive research, record broker interractions or explain the rational for research commission expenditure decisions.

The new ERIC platform delivers greater capacity for evaluating and reporting on the research consumed by its buy-side participants, whether consumed via the platform or outwith. It streamlines the process for submitting bespoke research tenders and adds an ‘Ask ERIC’ option, whereby asset managers can anonymously make specific requests to a host of research providers.

A new research management dashboard enables investment professionals to record details of interactions with providers and assign their own monetary values to research, whether consumed as a report, an analyst meeting, or specially comissioned project. The information is shared privately within asset management organisations or teams to build a unique library of evaulated content, allowing buy-side firms to better analyse the value of future research and determine their own needs.

Chris Turnbull, co-founder of ERIC, says: “Our new developments will make it easier for asset managers to comply with FCA requirements and establish their research needs. ERIC is designed to facilitate conversations between asset managers and research providers, which will lead to greater clarity on the kind of research the buy-side is looking for and will allow the sell-side to tailor their output accordingly.

“Investment research is evolving and must demonstrate true value. We have upgraded our platform to simplify asset managers’ relationship with research and give them the tools they need to make more informed decisions about their requirements.”

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit vasco.com/news/PSD2-compliant-solutionsvisit www.worldpaymentsreport.com

Who is commenting?

Top topics

Most viewed Most shared
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
11237 views comments | 7 tweets | 7 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
10687 views comments | 10 tweets | 6 linkedin
Yet more deals announced in payments sectorYet more deals announced in payments secto...
10285 views comments | 7 tweets | 21 linkedin
Machines could take over 30% of bank jobs: McKinseyMachines could take over 30% of bank jobs:...
10191 views comments | 30 tweets | 29 linkedin
US firm to implant employees with RFID chipsUS firm to implant employees with RFID chi...
8962 views 16 comments | 33 tweets | 38 linkedin