NEW YORK, April 12, 2017 /PRNewswire/ -- ONEaccess, a
Visible Alpha company and leading corporate access and research
valuation platform and ITG (NYSE: ITG), a leading independent
broker and financial technology provider, today announced an
agreement to offer investor clients an integrated solution that
simplifies compliance with MiFID II requirements around valuing and
paying for research content.
The integration between the ONEaccess and ITG solutions will
enable asset managers to meet the unbundling requirements under
MiFID II with the following suite of tools:
The ONEaccess Research Valuation Solution: Empowers asset
managers to monitor, aggregate and analyze all of their
interactions with research providers in one place, ensuring that
consumption is aligned with the firm's research budgets. To
facilitate the assessment of research quality, customizable
research provider scorecards let firms assign weightings to
valuable research services, build broker votes from the bottom-up
using detailed consumption and value metrics, and then action
payments to RPAs.
The ITG Research Payment Account (RPA): Enables asset
managers with the flexibility to fund their RPA with a research
charge alongside the execution in a manner that can be
operationally similar to a traditional Commission Sharing Agreement
(CSA). It can also be funded with a direct research charge to
investors or from a firm's own P&L. RPA accounts managed by ITG
are held in an escrow account at a major global bank in
Europe, segregated from brokers'
funds and controlled by the asset manager.
"As MiFID II requirements are unveiled, being able to manage,
value and pay for the consumption of research in one place is
increasing in importance," said Mike
Stepanovich, CEO of ONEaccess. "We're excited to work with
ITG to bring an integrated solution to the asset management
community."
ITG's Global Head of Commission Management, Jack Pollina, said, "ITG's RPA solution seeks to
assist clients with the challenges of MiFID II compliance and
reporting, reducing regulatory and administrative burdens and
providing payment flexibility. We are pleased to offer this
integration with ONEaccess, which delivers important research
valuation and broker vote capabilities to our clients."
Clients of ONEaccess and ITG will be able to subscribe and
obtain access to the integrated product offering immediately.
For more on ONEaccess' Research Valuation Solution, visit
hub.oneaccess.io/buy-side-solutions.
For more on the ITG Research Payment Account solution, contact
info@itg.com.
About ITG
Investment Technology Group applies technology and trading
expertise to reduce implementation costs, helping clients improve
investment performance. ITG is a leading provider of commission
management services and offers both traditional CSA and aggregation
services worldwide as well as RPA administration services for asset
managers with registered operations in Europe. ITG provides
access to a network of more than 5,000 research providers, brokers
and vendors worldwide. ITG was ranked #1 for CSA service and
execution quality among mutual funds and hedge funds in the 2016
Greenwich Associates U.S. survey. For more information please visit
www.itg.com.
About ONEaccess
ONEaccess, a Visible Alpha company, is a content and
interactions hub that is changing the way the buy side and the sell
side collaborate with one another. Founded in 2014, ONEaccess
improves the efficiency of discovering, analyzing and valuing
events and interactions between professionals on both sides of the
market. Our growing suite of intuitive productivity tools fosters
trust and transparency in the broker-client relationship and frees
up time for generating alpha in the process. For more information
on Visible Alpha, please visit www.oneaccess.io.
About Visible Alpha
Visible Alpha is transforming the way Wall Street firms
collaborate on research, financial models and other services. With
more than 200 employees globally, the rapidly growing company
combines advanced data correction methodologies, a secure
distribution network and sophisticated analytical tools on the
front end to drive efficiencies and transparency into the research
process and help firms generate alpha in new and differentiated
ways. Visible Alpha is backed by firms including Bank of America
Merrill Lynch, Citi, Jefferies, Morgan Stanley and UBS. For more
information on Visible Alpha, please visit
www.visiblealpha.com.
Media Contacts:
Eric
Soderberg
Forefront Communications for Visible
Alpha
914-414-2884
eric@forefrontcomms.com
J.T.
Farley
ITG
(212) 444-6259
corpcomm@itg.com
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SOURCE ONEaccess, a Visible Alpha Company