Liquidnet has partnered with Visible Alpha’s, ONEaccess, to provide institutional investors with tools to manage, track and pay for research under MiFID II.
ONEaccess’ resource tracking service, which allows users to create a framework for research valuation and to monitor interactions between research firms, will be integrated with Liquidnet’s commission management service.
Both companies said the integrated service will “provide mutual customers with a seamless solution for complying with the unbundling directives of MiFID II.”
Clients of Liquidnet and ONEaccess will be able to subscribe and gain access to the combined tools immediately.
Rob Laible, head of equity strategy at Liquidnet, explained as traders adapt their workflows for MiFID II, “it’s essential that they have the tools they need to relieve administrative burdens so they can get back to capturing alpha and delivering performance to their funds and their firms.”
Mike Stepanovich, CEO of ONEaccess, added for some asset managers, complying with MiFID II will be a ‘heavy lift’ from a technology, compliance and strategy perspective.
“By working with Liquidnet, we’re able to offer an efficient platform for creating a research valuation framework and applying it to the way firms pay for the research they consume,” he said.