Thomson Reuters Teams with Visible Alpha for MiFID II Research Compliance

Thomson Reuters (NYSE:TRI) has launched a new partnership with Visible Alpha company, adding three new applications that aim to help financial institutions manage the impending MiFID II MiFID II MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina Read this Term legislative changes on research unbundling, set to be implemented in January, 2018.

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These are part of a series of research unbundling solutions that Thomson Reuters continues to release in 2017 through new products and third-party partnerships. It also further demonstrates a trend in the financial industry towards collaborative systems as the drivers of future success.

The strategic relationship between Visible Alpha and Thomson Reuters will enable the users of the latter’s flagship financial desktop platform Eikon to discover corporate access events, create a research valuation framework and carry out a quantitative broker vote.

To accomplish this, three new applications will be made available via subscription and will be distributed directly to Eikon users globally. This includes ONEaccess Forward Calendar, ONEaccess Resource Tracking and ONEaccess Broker Vote.

Through this partnership, Eikon users will have the ability to launch any of these applications to initiate corporate access event discovery and research valuation directly into their existing workflow.

From one place, the users will be able to access all relevant research content and evaluate it according to their unique preferences. This is important for Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term with MiFID II regulations in Europe and is quickly becoming a best practice in the US.

Mahesh Narayan, head of portfolio management and research at Thomson Reuters, commented: “MiFID’s research unbundling regulations will bring about profound changes in the research segment of financial services, fueling the need for new products to be in place so that institutions can manage these changes. Partnering with specialized third-parties that enhance existing Eikon capabilities is central to our open platform approach. Adding Visible Alpha’s ONEaccess applications to Eikon brings further value to our already powerful research capabilities such that Eikon clients will now have an unbiased and robust solution to meet their research unbundling needs.”

Mike Stepanovich, President of Enterprise Services at Visible Alpha, added: “In order to ensure compliance with MiFID II regulations, firms must be empowered with the right tools to prepare for and execute on the new requirements. By partnering with Thomson Reuters and integrating our Resource Tracking, Broker Vote and Forward Calendar applications into Eikon, we are enabling firms with the tools to consume, track and value research content from 450+ providers and achieve compliance in the most streamlined way.”