RSRCHXchange, the MiFID II research solution and  marketplace for institutional research, won the award for ‘Most Innovative Data Product’ at the annual Financial News Trading and Technology Awards held in London on 25 May 2017.

The Financial News Trading and Technology Awards celebrate the success stories of those trading and technology firms operating in, and supporting, financial markets. Winning firms have been chosen by the Financial News editors and a judging panel drawn from financial industry experts and participants.

RSRCHXchange is the MiFID II compliant marketplace for institutional research, a purpose-built unbundling solution. RSRCHX offers an automated way for asset managers to track firm-wide research consumption, rate and evaluate the content they receive, improve the procurement process, and ultimately ensure MiFID II compliance.

Vicky Sanders, Co-Founder, RSRCHXchange, said: “We are thrilled to win the award for Most Innovative Data Product. We set out to create a MiFID II compliant marketplace for research procurement and consumption and are delighted that more than 1,000 asset managers and 200 research providers are active on our platform today.  Gaining industry recognition for our MiFID II solution is a clear indication of the unbundling challenge we help address.”

Jeremy Davies, Co-Founder, RSRCHXchange, added: “Today’s award is testament to our team’s tireless efforts to drive the launch and adoption of our RSRCHX platform. Our gratitude goes to them, our investors and our board, who have given us the advice and support required to make the whole project a success.”