26 April 2018
visit www.nextgenbanking.co.uk

GAM selects Red Deer to provide post-MiFID research platform

24 October 2017  |  2101 views  |  0 Source: Red Deer

Red Deer, a next-generation financial technology company dedicated to enhancing the performance of active investment managers, is pleased to announce that its MiFID II research valuation solution has been selected by GAM, one of the world’s leading independent, pure-play asset managers.

GAM will use the solution to consume and value research so that it can be paid for independently from trade execution, in compliance with the MiFID II regulations that come into effect on 3 January 2018.

“The solution that Red Deer offers for managing research consumption, research valuation and preventing inducement under the new MiFID II rules will allow us to ensure compliance across all investment teams in all locations. GAM has strong internal research capabilities, and Red Deer’s solution will help us leverage this across our investment business, in addition to managing access to external research,” said Matthew Beesley, GAM’s Head of Equities. “GAM has announced the decision to absorb all research costs from January 2018 as we continue to place clients’ interests first, and Red Deer’s solution will allow us to manage these costs in the most efficient way.”

Red Deer’s MiFID II solution enables firms to address the MiFID II regulations around inducements and research valuation by aggregating all independent and street research, including emails, calls and corporate access events. It also provides full consumption and valuation metrics, such as ratings and read time, and tracks contributions from hard and soft budgets, with alerting to ensure budgetary thresholds are maintained.

Luke Oubridge, CEO of Red Deer, commented, “We are delighted to welcome GAM to our fast-growing client community. It’s a great opportunity to help such a well-established and respected firm achieve compliance, and a chance to add real value to the investment process by improving the quality of front office information for a large number of Investment managers, analysts and traders”.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://wup.digital

Top topics

Most viewed Most shared
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
10397 views comments | 28 tweets | 36 linkedin
Irish central bank tunes in to fintechIrish central bank tunes in to fintech
9655 views comments | 20 tweets | 21 linkedin
JPMorgan to roll out Voice ID; begins branch expansionJPMorgan to roll out Voice ID; begins bran...
8857 views comments | 6 tweets | 8 linkedin
TransferWise launches multi-country bank accountTransferWise launches multi-country bank a...
8647 views comments | 26 tweets | 21 linkedin
Physical cash retains its popularity in face of electronic onslaughtPhysical cash retains its popularity in fa...
8615 views comments | 15 tweets | 17 linkedin