RSRCHXchange wins Most Innovate Data Product / Service at the 2017 FN London Trading & Technology Awards
Since launching just two years ago, RSRCHXchange, a cloud-based marketplace for buying and selling investment research, has amassed more than 1,000 asset management firms as users and 200 research providers – roughly a quarter of whom are banks and brokers. More are set to sign up to the RSRCHX service as fund managers prepare to meet Mifid II’s new requirements on unbundling research and trade execution costs, set to kick in next year.
In February 2017, Euclid Opportunities, the fintech investment division of Michael Spencer’s NEX Group, bought a strategic stake in RSRCHXchange. The firm also attracted a raft of industry veterans to its board this year, including Adam Toms, former chief executive of agency broker Instinet Europe, and Don Guiney, senior capital markets partner at law firm Freshfields.
RSRCHXchange was founded by Vicky Sanders, with more than 10 years equity sales experience from Goldman Sachs and Merrill Lynch, and former CQS and TT International hedge fund manager Jeremy Davies.