Red Deer and Westminster RPA Collaborate on Research Valuation for MiFID II

Red Deer and Westminster RPA Collaborate on Research Valuation for MiFID II
31.05.2017 12:00 pm

Red Deer and Westminster RPA Collaborate on Research Valuation for MiFID II

Asset Management

Red Deer, a next-generation financial technology company dedicated to enhancing the performance of active investment managers, and Convergex’s Westminster RPA, today announce that they are working together to provide an end-to-end MiFID II solution for the asset management industry. 

Westminster Research Associates is an industry-leading broker-dealer specialising in providing full-service custodial aggregation solutions and access to an extensive network of independent research to the institutional investment community. Convergex is an agency-focused global brokerage and trading related services provider.

Together, Red Deer and Westminster RPA will enable clients of both companies to benefit from a research valuation and payments process that allows asset managers to remove any scope for conflict by valuing and paying for research independently from trade execution. This seamless end-to-end research valuation and payments solution will meet the MiFID II regulatory requirements around research consumption and valuation, whilst at the same time enhancing operational efficiencies.

Commenting on this initiative, Luke Oubridge, CEO of Red Deer, said, “Our relationship with Westminster RPA will serve as a great asset to clients by offering the research payment functionality needed to deliver an end-to-end solution with true operational efficiencies, whilst at the same time ensuring firms stay on the right side of the regulation. We’ve taken a ‘Front Office First’ approach to our MiFID II research consumption and valuation solution - one that enables Portfolio Managers to track and value research at the point of consumption without interrupting their daily process, whilst still delivering the granularity and control the compliance team needs to ensure they are in line with regulatory requirements. Pricing and valuing research ahead of the January 2018 deadline is still a major challenge for the buy-side, so Red Deer is assisting asset managers to test budgets and broker models, to get ahead of the regulation and prepare for the go-live date.”

“Westminster RPA is focused on building a strong presence throughout the U.K and Europe and this joint service with Red Deer is further testament to our commitment to provide end-to-end solutions for our clients,” said Chris Tiscornia, CEO of Westminster Research Associates. “Westminster RPA is a full-service model that handles a firm’s operations while minimising administrative efforts and costs.”

Related News

Aqua to Use Big Data and AI to Create Tradable Assets and Analytics Based on Individuals

Aqua Digital Rising, the new and innovative alternative-asset and analytics investment platform, has announced the start of its pre-funding round as it... Read more »

Wirecard Card Solutions and Railsbank Sign Asset Sale Agreement

Wirecard Card Solutions Limited today announces the signing of an asset purchase agreement with PayrNet Limited, a subsidiary of banking-as-a-service platform... Read more »

Huobi Tech’s (1611.HK) Asset Management Subsidiary obtained SFC Type 4 and Type 9 licenses

Huobi Asset Management (Hong Kong) Limited (the “Company”), the wholly-owned asset management subsidiary of Huobi Technology Holdings Limited (1611.HK), is... Read more »

thinkFolio and Investor Access advance fixed income primary market workflow

thinkFolio, a leading multi-asset class investment management platform... Read more »

Exberry launches multi-asset class exchange infrastructure

Exberry has launched its multi-asset class exchange infrastructure designed to enable traditional, alternative and digital asset exchanges to launch, pivot and scale. 

... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel