Funds Europe reports on some recent developments in the investment management technology and operations space, starting with Commcise and RBC, who have partnered on a MiFID II broker research payments solution.
Commcise and RBC team up over broker research
Commcise, a provider of commission management and research evaluation solutions for investment management firms, has partnered with Royal Bank of Canada in a MiFID II broker research project.
The two companies will provide a technology and service offering that enables research funds to be held in a segregated Research Payment Account (RPA) established in the name of a buy-side client.
RPAs are required by MiFID II to make payments for broker securities research by asset managers who use client funds more transparent.
RBC will hold segregated accounts in each individual buy-side firm’s name and will ensure payments for research are made in a timely fashion and at the discretion of the individual firm.
SimCorp and OTCX help multi-asset investors
A SimCorp and OTCX partnership aims to make life easier for multi-asset investors in the over-the-counter (OTC) derivatives market.
SimCorp, a provider of investment management solutions, is giving clients access to the Request for Quote facility on OTCX’s multi-dealer platform which covers a range of interest rate derivatives, equity derivatives and structured products.
The derivatives form a significant proportion of global multi-asset class strategies, SimCorp said.
The partnership is said to increase automation for fund managers in the fragmented world of OTC trading.
MiFID II drives Axioma and Omega Point partnership
Systems vendors Axioma and Omega Point are partnering in a project to aid fundamental investors analyse performance.
Axioma is a provider of risk and portfolio management solutions and Omega Point is a portfolio intelligence tool for fundamental-style managers.
The deal means Omega Point clients can now access Axioma’s suite of factor models, which the firms says will enable closer alignment of modelling assumptions and risk factors across front and middle offices to “achieve a shared view on the drivers of performance and risk”.
Axioma says regulations like MiFID II are pressurising buy-side firms to streamline vendor management, so it is seeking closer collaboration with other solutions providers.
Linedata speeds up data sorting
Linedata said its new “intelligent dashboard interface” would simplify and prioritise decision-making for people in asset management roles, including portfolio management, compliance, and risk managers.
Called Linedata Clarity, it helps people to sift through volumes of data and synthesize information to “ensure their attention is focused in the right place at the right time” with intelligent notifications and an interactive user interface that allows navigation through key data.
The dashboard interface also has applicability for administrators and their clients, Linedata said.
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