Research

Commission-Free Trading Puts Payment for Order Flow Under the Microscope Research

Commission-Free Trading Puts Payment for Order Flow Under the Microscope

https://tabbforum.com/opinions/commission-free-trading-puts-payment-for-order-flow-under-the-microscope/ Julie Evans MagnifyMoney -  "Pros: There is certainly an argument to be made that market makers are important to the industry. They provide liquidity in the market, making sure there are enough buyers and sellers at any given time to execute the trades people want to execute. The payments to brokers are a way for the market makers to attract orders and compete. Cons: The biggest downside to payment for order flow is that it could potentially interfere with customers getting the best deals possible. It doesn’t necessarily lead to abuse, but it creates the opportunity for it. Pay for order flow is banned in Canada, and it is under review in the UK."
FactSet deploys data platform on OpenFin Data

FactSet deploys data platform on OpenFin

https://www.thetradenews.com/factset-deploys-data-platform-openfin/ Hayley McDowell - "The move means that clients will be able to use the FactSet workstation alongside proprietary, internally-developed desktop applications, and integrate third-party applications that are accessible via the OpenFin ecosystem into FactSet workflows."
Greater Flexibility in Acquiring Research Encourages CSAs BuySide

Greater Flexibility in Acquiring Research Encourages CSAs

https://tabbforum.com/opinions/sec-extends-no-action-relief-on-mifid-ii-greater-flexibility-in-acquiring-research-encourages-csas/ Christopher Tiscornia - "As we move forward, U.S. asset managers need to implement best practices to promote greater transparency and support the spirit of MiFID II and its unbundling requirements. These practices include: Having a thorough, defensible process around research valuation and consumption. Unbundling the trade execution decision from the research decision via the use of CSAs. Providing transparent reporting of research funding, consumption, and value to asset owners and regulators. Ensuring that the interests of managers and asset owners are aligned. Managers need to articulate how their research spending patterns, approaches to investing, and enhanced reporting processes are consistent with asset owners’ expectations."
State Street Announces Strategic Partnership with FactSet to Distribute MediaStats Data

State Street Announces Strategic Partnership with FactSet to Distribute MediaStats

https://www.businesswire.com/news/home/20191106005638/en/ BUSINESS WIRE - State Street MediaStats scours more than 100,000 media sources as well as other big data sources to estimate future price changes and risks pertaining to individual equities, country equity indexes, and foreign exchange rates. The indicators use natural language processing and machine learning algorithms to account for biases and helps filter out noise in the media based on an extensive body of founding partners’ research.
Brokereach Launched FrontOffice

Brokereach Launched

https://www.marketscreener.com/news/Brokereach-Launched--29512498/?utm_content=20191104&utm_medium=RSS GLOBE NEWSWIRE - The Brokereach service has been significantly enhanced visually and is now enriched with new third-party integrations. At the same time, it remains a cost-free web trading platform, with the broker paying a small fee for FIX connectivity.
Financial Research: The Final Frontier for Fintech Innovation Automation

Financial Research: The Final Frontier for Fintech Innovation

https://tabbforum.com/opinions/financial-research-the-final-frontier-for-fintech-innovation/ Rowland Park - Of course, Refinitiv (formerly known as Reuters) and Bloomberg terminals have been a mainstay of trading desks for decades, but now firms are using algorithms to transform headlines into data which can be utilized by both human traders and algorithms, to drive trading decisions. ... The volume and lack of innovation in the world of financial research means that it is very difficult for market participants to effectively handle and consume the information they are receiving, leading to less-effective outcomes. ... The opportunity now is to use smart technology to transform the liability of information overload in financial research into the asset the analysis was designed to be in the first place.
Survival of the Fittest: Modernizing Capital Markets Infrastructure Data

Survival of the Fittest: Modernizing Capital Markets Infrastructure

https://tabbforum.com/opinions/survival-of-the-fittest-modernizing-capital-markets-infrastructure/ Monica Summerville - A common approach to data architecture in financial services has been to utilize a data technology stack comprising a collection of approaches – for example, historic data in a relational database, recent data in a columnar database, and real-time data in some sort of event processing software engine. To obtain a consolidated view, connections must be made directly to various systems; an approach that gets increasingly complex over time.
PitchBook and RSRCHXchange to Create Comprehensive Marketplace for Private and Public Financial Research Data

PitchBook and RSRCHXchange to Create Comprehensive Marketplace for Private and Public Financial Research

https://www.fintech.finance/01-news/pitchbook-and-rsrchxchange-to-create-comprehensive-marketplace-for-private-and-public-financial-research/ RSRCHXchange’s virtual library will be accessible through PitchBook’s Research Center, which includes PitchBook’s best-in-class research on private asset classes and emerging technology sectors as well as Morningstar equity research. Together, PitchBook and RSRCHXchange will create one of the most comprehensive online research marketplaces covering both the private and public financial markets. Additionally, this integration enables RSRCHXchange providers to easily extend their reach to a large and growing private market client base leveraging their existing research feed, access controls and intellectual property protection.
Intercontinental Exchange and MSCI expand relationship Data

Intercontinental Exchange and MSCI expand relationship

https://www.institutionalassetmanager.co.uk/2019/10/01/279120/intercontinental-exchange-and-msci-expand-relationship Lynn Martin - “With this expansion, MSCI will license and integrate ICE Data Services’ market leading fixed income pricing and reference data into MSCI’s products and services,” says Diana Tidd, Head of Index at MSCI. “MSCI and ICE have developed a strong relationship over the past decade, and we look forward to providing our clients with more access to ESG and fixed income data and tools.”