FactSet Teams with Liquidnet to Offer MiFID II Research Unbundling Solution


NEW YORK and LONDON, July 26, 2017 (GLOBE NEWSWIRE) -- FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, announced today the integration of Liquidnet’s Broker Vote and Commission Management System with FactSet’s Research Management Solutions (RMS). Through this combination, firms can track the research they have consumed, the value they derive from it, and all relevant interactions around an investment decision in FactSet RMS and, through the integration with Liquidnet, seamlessly conduct their review and distribute research payments.

FactSet provides clients the ability to consume, track and rate broker research effectively using a robust entitlements system. In addition, users have the ability to track corporate access and rate interactions with third parties within a customized framework using FactSet RMS. Multiple reporting options are available to help firms fully analyze resource and consumption data. This full-service solution enables firms to integrate with their own proprietary processes and allows companies to maintain an audit trail that tracks the rationale behind trades to both investors and regulators alike, while providing evidence of the valuable research services provided to clients.

Liquidnet’s award winning commission management and research payment service provides a full suite of solutions from its CSA/RPA aggregation service to the tracking of research budgets using its Commission Analyzer and distribution of payments based on its broker evaluation vote.

“As part of being MiFID II compliant, firms need to track and review valued interactions. They want a seamless solution for research unbundling and this integration supports more continuity for MiFID II compliance,” said David Hannibal, Global Manager of Channel Partners, FactSet.

“With MiFID II around the corner, firms are increasingly looking for providers that can offer ‘full-service’ research management and connect them to payment solutions that meet their unbundling requirements,” said Sandra Delmore, Head of Commission Management Solutions at Liquidnet. “FactSet’s RMS is a leader in this space and we’re proud that they have chosen Liquidnet’s RPA offering as their preferred payment management solution.”

For more information on FactSet’s Research Management Solutions visit: https://www.factset.com/analytics/research_management.

About FactSet
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