25 April 2017
New York
Reporter: Drew Nicol
NEX Group pairs ENSO and RSRCHX for MiFID II solution
The NEX Group's ENSO, a centralised treasury management solution for the buy side, is set to expand its broker vote tool to include research consumption for the second Markets in Financial Instruments Directive (MiFID II).

The new feature will be powered by RSRCHXchange, the MiFID II compliant marketplace for institutional research.

ENSO promises that the expanded tool will provide buy-side institutions with evidence-based evaluation of research providers and budget setting to comply with upcoming 2018 regulatory requirements.

Clients will gain a clear methodology for research payments, fully validating how payments for research were reached based on the quantity and quality of services provided.

RSRCHXchange is the latest company to join Euclid Opportunities portfolio, NEX Group’s financial technology investment business.

RSRCHX, RSRCHXchange’s marketplace and MiFID II workflow solution for institutional research, was launched in 2015, in anticipation of the unbundling rules which come into force in January 2018.

Matthew Bernard, CEO of ENSO, said: “MiFID II is a key focus, not only for our clients but for the broader marketplace in 2017. By expanding our broker vote tool we are able to deliver an enhanced solution to address the pivotal research requirements for both our sell-side and buy-side clients alike.”

"At NEX, we have a strong history of partnering with businesses that are addressing tomorrow's issues. We are excited to collaborate with RSRCHXchange to solve this problem for our clients and the market.”

Vicky Sanders, co-CEO of RSRCHXchange, added: "We are excited to be working with ENSO and enhancing their broker vote tool. They are award-winning innovators and they are providing the industry with an evidenced broker vote tool which is not only MiFID II compliant but also best in breed.”

More technology news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Softek wins eRoom mandate for intra-day credit and risk monitoring
13 June 2017 | Toronto | Reporter: Mark Dugdale
eRoom Securities, an introducing broker offering institutional brokerage and execution services, has selected Softek to provide intra-day credit and risk monitoring for its web-based client reporting system
Broadridge and Spence Johnson partner
12 June 2017 | London | Reporter: Drew Nicol
Broadridge Financial Solutions has partnered with Spence Johnson for retail and institutional data, benchmarking and analytics
IHS Markit launches derivative collateral solution
06 June 2017 | London | Reporter: Drew Nicol
IHS Markit has launched a cloud-based, end-to-end solution for calculating margin, settling calls and managing disputes
New CCP system promises efficient collateral management
06 June 2017 | Stockholm | Reporter: Mark Dugdale
Trading and clearing technology provider Cinnober has launched a risk management system for central counterparties
Misys and Message Automation tackle reg reporting
06 June 2017 | London | Reporter: Mark Dugdale
Financial services software provider Misys has built a regulatory reporting component in conjunction with Broadridge’s Message Automation for MIFiD II compliance. It can also accommodate SFTR
SIX x-clear adjusts CCP risk model
01 June 2017 | London | Reporter: Drew Nicol
SIX x-clear has recalibrated its inter-central counterparty risk models in order to improve accuracy
DLT poses fragmentation risk in EU, warns ECB
30 May 2017 | Brussels | Reporter: Stephanie Palmer
The increase in distributed ledger technology poses a risk of market fragmentation in the EU, but regulation should not hamper development, according to Mario Draghi, president of the European Central Bank