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
US class action lawsuit opens door to blockchain lending
16 January 2018 | London | Reporter: Zsuzsa Szabo
Blockchain startup Lendingblock is positioning itself to be an antidote to market problems identified in the ongoing US pension funds' class action lawsuit
Comyno opens DLT hub in Serbia
09 January 2018 | Serbia | Reporter: Zsuzsa Szabo
The Frankfurt-based fintech company Comyno has opened a new distributed ledger technology (DLT) hub in Belgrade, Serbia
The new model means the startup will instead rely on revenue generated from back-end services such as securities lending and repo.
Citi and CME Clearing launch collateral DLT platform
18 December 2017 | New York | Reporter: Zsuzsa Szabo
The blockchain software aims to reduce margin cost
ICMA maps repo and cash bond operations
22 November 2017 | Zurich | Reporter: Zsuzsa Szabo
ICMA has launched a free-to-read mapping directory for more than 80 technology solutions for repo and cash bond operations
OneClearstream now live and trading
15 November 2017 | Frankfurt | Reporter: Drew Nicol
Clearstream has launched OneClearstream, a new collateral management service aimed at automating collateral transfers across depositories
AI can lead us to harmony, says Clearstream
14 November 2017 | Luxembourg | Reporter: Jenna Lomax
Clearstream claims that new technological developments such as artificial intelligence and blockchain will support the market to overcome barriers to harmonisation