2016 In Perspective: New Research Products Proliferate Thanks To Regulatory Change

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Much of the new research-related product development we chronicled in 2016 was stimulated by new regulation, as firms developed new offerings to assist with new research procurement rules under MiFID II.  In addition, research aggregators refined their platforms to adjust to delays and changes in the new regulatory regime.  Corporate access platforms also proliferated based on expectations of regulatory change.

However, regulation was not the only driver to innovation, as an increasing number of firms launched alternative data products or extended their intellectual capital into new passive or quasi-passive financial products.  Partnerships were a frequent path to new product, although product extensions remained the most common approach.

Note: Most of the articles linked below require a subscription to ResearchWatch to view.

Regulatory

New Research Budgeting Platform Aims To Replace Broker Vote 02/23/2016

Frost Consulting, a London-based consulting firm focused on commission unbundling, launched a research budgeting platform designed to supersede the existing broker vote process. The approach represents a radical departure from …

Castine Consulting Partners With MPI Europe For MiFID II Implementation 06/07/2016

FinTech firm Castine Consulting partnered with IT consultant MPI Europe to market its MiFID II software in Europe.  MPI Europe’s role will to be to implement the Castine research procurement …

Commcise and Fidessa Partner Solution To Make CSAs Viable For MiFID II  06/22/2016

Commission management software provider Commcise has partnered with trading systems provider Fidessa group to facilitate the use of commission sharing agreements (CSAs) to implement newly required Research Payment Accounts mandated …

IHS Markit Plans Release Of Research Budget Tool In 2017 08/24/2016

IHS Markit says it won’t offer a research budgeting application before 2017 with the release of a new version of the IHS Markit Commission Manager software.  Although the release date …

FrostRB Partners With Investars To Integrate Research Budgeting Software With Commission Management 09/07/2016

FrostRB, a research valuation/budgeting platform developed by Frost Consulting, has integrated its software with a commission management platform developed by Investars, which measures research performance.  The partnership is not exclusive …

TIM Group Offers MAR Compliance Solution 09/28/2016

TIM Group, a UK-based distributor of sell-side trade ideas, has launched a new product allowing brokers to create audit trails of investment recommendations made by salespeople and sales traders, as …

Research Aggregators

Research Aggregator ResearchPool Partners With CorporateAccessNetwork 04/19/2016

ResearchPool, a London-based research aggregator launched last year, has partnered with CorporateAccessNetwork, a corporate access platform, to offer investor clients combined research and corporate access according to a joint press …

Research Aggregator RSRCHXchange Adds Consumption Dashboard 04/21/2016

Research distributor RSRCHXchange launched a dashboard intended to track research consumption.  The dashboard provides an overview of research consumption through the RSRCHXchange platform, team-level and individual metrics of research spending, …

Research Aggregator Alphametry Pivots Away From Transactional Model To Usage Metrics And Analyst Access 04/27/2016

Paris-based research portal Alphametry has changed its business model from charging for research report consumption, focusing instead on providing metrics and analyst access, according to CEO Fabrice Bouland. The firm has …

Research Aggregator Seed Alpha Moves Beyond Research 05/04/2016

Research distribution platform Seed Alpha is reshifting its focus from research aggregation to providing tools to help the buy side to better organize its investment process. After spending two years marketing

Research Aggregator ERIC Improves User Interface 06/02/2016

Electronic Research Interchange (ERIC), an Edinburgh-based research distribution platform, is launching a new release designed to make it easier for fund managers to find external research of interest. The latest version …

Research Aggregator Research Tree Makes Enhancements 07/21/2016

Research Tree, a research aggregator targeted to UK retail investors, has expanded its content to include 24 research providers, up from 19 as of April 2016.  The platform now has …

Research Aggregator Seed Alpha Adds Research Provider Dashboard As It Seeks More External Research 07/28/2016

Research distribution platform Seed Alpha is adding a dashboard for research providers contributing to its platform to provide content management and usage metrics.  The move comes despite Seed Alpha’s recent …

Research Authoring Platform EFA Partners With Quark Software 08/31/2016

EFA, a Hong-Kong-based content management software provider, has partnered with Quark Software to integrate its capabilities into Quark’s research authoring platform.  EFA is adding the ability to upload and distribute …

Research Aggregator Substantive Research Develops Methodology For Ranking Research 11/10/2016

Substantive Research, a curator of daily macroeconomic research, has launched a new service, ResearchMatch, intended to help the buy-side compare the quality of their existing external research against the wider …

Corporate Access

Stock Exchanges Enter Corporate Access Game 01/27/2016

Stock exchanges are likely to continue to increase services offered to asset managers, potentially in competition with the sell side.  A case in point is corporate access, which is a …

WeConvene Partners With Bloomberg For Corporate Access 04/13/2016

WeConvene is partnering with Bloomberg to integrate WeConvene corporate access information on the Bloomberg terminal.  As a result of the deal, WeConvene plans to market its platform more aggressively. WeConvene will …

Research Aggregator ResearchPool Partners With CorporateAccessNetwork 04/19/2016

ResearchPool, a London-based research aggregator launched last year, has partnered with CorporateAccessNetwork, a corporate access platform, to offer investor clients combined research and corporate access according to a joint press …

Corporate Access Provider Meetyl Tops 1,000 Customers 05/26/2016

Meetyl, a corporate access provider which disintermediates investment banks, said its user base now exceeds a thousand individual companies and institutional investment firms. The 1,000 current users include approximately 500 companies …

LSE’s Corporate Access Platform Partners With Video Service OpenExchange 08/10/2016

ELITE Connect, the online corporate access platform launched by the London Stock Exchange, has partnered with OpenExchange, the US-based video conferencing service tailored for corporate access.  The collaboration helps boost …

Corporate Access Provider Meetyl Launches New Release Three Months Late 09/15/2016

Meetyl, a corporate access provider which dis-intermediates investment banks, released the 2.0 version of its software, originally promised for June 2016.  The latest release contains additional premium features for corporate …

Alternative Data

Ravenpack Partners With Benzinga 02/17/2016

Spanish news sentiment analysis provider RavenPack announced it has partnered with Benzinga, a trading-oriented news source, to incorporate Benzinga’s content into its analytics.  For Ravenpack, the deal is designed to …

Geospatial Firm RS Metrics Plans New Product 02/18/2016

Geospatial analysis firm RS Metrics is developing new product in the wake of hiring a new CEO, as it seeks to deepen and broaden its investment research offerings. The firm is ..

New Quant Research Firm Models Alternative Data 03/01/2016

ExtractAlpha, a quantitative research firm seeking to extract signals from alternative data, recently launched a new product based on consumer behavior mined from product reviews, search queries and social networks. ExtractAlpha …

Big Data Firm Eagle Alpha Launches UK Datasets 03/02/2016

Eagle Alpha, a research firm which mines insights from large datasets, announced the launch of two new alternative datasets with metrics on UK residential housing and the UK auto industry. The …

Estimize Launches Stock Ranking Application Modeled on Fantasy Sports 03/14/2016

Crowd-sourcing firm Estimize has added a new stock ranking application called Forcerank which offers cash prizes for weekly contests. The goal is to develop predictive data that will be valuable …

SpaceNow Distributes Geospatial Economic Data Through Bloomberg 03/15/2016

Spaceknow, a geospatial big data company, has put its manufacturing index for China on Bloomberg, which has written an article on the index.  We first highlighted the index last November. …

Alternative Data Platform Thinknum Plans International Coverage 04/12/2016

Thinknum, a NY-based alternative data platform primarily focused on US datasets, will be expanding coverage internationally, according to an interview with co-founder Justin Zhen. The Thinknum platform has collected fifty datasets …

BNY Mellon Launches ‘Big Data’ Capital Flows Product 05/25/2016

BNY Mellon, one of the largest custody banks, launched a new capital flows data offering modeled on a service marketed by rival State Street. BNY Mellon Asset Strategy View aggregates asset …

Big Data Researcher 7Park Data To Expand Analytic Staff 06/10/2016

7Park Data, an alternative data analytics provider, is recruiting a Director of Research with the goal of hiring more analytic staff, following the pattern of industry pioneer Majestic Research, now …

Geospacial Analysis Firm SpaceKnow Launches Night Illumination Metrics 06/29/2016

Spaceknow, a geospatial big data company, launched sensor-derived economic indices using night illumination data, the first firm to productize the concept.  The new data focuses on frontier market economies in …

Alternative Data Firm Eagle Alpha Launches Directory of Alternative Data Providers 06/29/2016

Eagle Alpha, a research firm which mines insights from large datasets, launched a directory of alternative data providers.  The firm will also hosting a seminar on building indicators derived from …

Crowd-Sourced Expert Network Slingshot Insights Works Deal With Seeking Alpha 08/05/2016

Crowdsourced primary research firm Slingshot Insights is being promoted by Seeking Alpha as part of a new collaboration.  In return, Slingshot Insight is offering Seeking Alpha readers free access to …

Japanese Alternative Data Startup Nowcast Plans Consumer Stock Coverage 10/03/2016

A Japanese alternative data startup Nowcast is shifting from calculating near-time Japanese macro statistics to using transactions data to predict sales for Japanese consumer stocks. Tokyo-based Nowcast currently uses scanner data …

Big Data Firm Ravenpack Partners With The Fly 10/05/2016

Spanish news sentiment analysis provider RavenPack has partnered with The Fly (formerly named TheFlyOnTheWall) to include the financial news provider’s coverage of analyst ratings, earnings surprises, insider trading and M&A …

Alternative Data Firm Eagle Alpha Launches Big Data Advisory Services 10/13/2016

Eagle Alpha, a research firm which mines insights from large datasets, published a whitepaper designed to help fundamental asset managers better leverage alternative data.  The report, which is only available …

Alternative Data Firm Exante Data Launches Chinese Capital Flow Coverage 11/03/2016

Exante Data, the alternative data affiliate of macro research firm Exante Advisors, has soft launched a new data service tracking Chinese capital flows and foreign exchange activity.   The product is …

Sustainalytics Applies Machine Learning To ESG Data 12/15/2016

Environmental, social and governance (ESG) research firm Sustainalytics has collaborated with a Paris-based FinTech firm to launch a quantitative model that provides securities-level financial risk and opportunity signals based on …

Geospatial Firm RS Metrics Expands Product Line In Response to Competition 12/16/2016

Geospatial analysis firm RS Metrics showcased a new macro tracker product, saying that it was measuring stronger year-over-year US retailer traffic for the fourth quarter across most of its coverage …

Financial Products

Ned Davis Research Bets Its Future On ETFs 03/16/2016

During a recent Euromoney strategy presentation, Ned Davis Research CEO Matthias Paul revealed the investment strategy firm’s plans for creating new investment products, along with other growth initiatives.  ETFs tied …

Gavekal’s New ETFs Struggle 03/22/2016

Gavekal Capital, Ltd., the money management affiliate of Hong Kong based Gavekal Research, launched two smart beta ETFs which have not yet attracted many assets.  However, they are part of …

Ned Davis Launches Asset Allocation Mutual Fund With VanEck 05/13/2016

Ned Davis Research (NDR), an investment strategy subsidiary of Euromoney, is partnering with investment manager VanEck to launch a tactical asset allocation fund that has the ability to allocate among ..

Sustainalytics Launches ESG Indices With Singapore Exchange 05/31/2016

Environmental, social and governance (ESG) research firm Sustainalytics partnered with Singapore Exchange (SGX) to launch SGX Sustainability Indices.  Sustainalytics provides the research and ratings for the SGX-listed companies which underpin …

Social Market Analytics Licenses Twitter Sentiment Data To CBOE 06/15/2016

Social Market Analytics (SMA), an alternative data research firm which generates real-time sentiment data from social media, partnered with the Chicago Board Options Exchange (CBOE) to develop a series of …

Zacks Launches Robo-Advisory Powered By Its Research 10/24/2016

Zacks Investment Management, the investment management affiliate of Zacks Investment Research, launched an actively managed robo-advisor driven by Zacks’ own research.  The move illustrates how research providers might monetize their …

Partnerships

BCA Research Partners With Policy Startup 02/10/2016

BCA Research, a leading macroeconomic research provider, has partnered with FiscalNote, a startup which mines US government data, to integrate policy information into BCA’s digital platform BCA Edge. The initial application …

WeConvene Partners With Bloomberg For Corporate Access 04/13/2016

WeConvene is partnering with Bloomberg to integrate WeConvene corporate access information on the Bloomberg terminal.  As a result of the deal, WeConvene plans to market its platform more aggressively. WeConvene will …

Research Aggregator ResearchPool Partners With CorporateAccessNetwork 04/19/2016

ResearchPool, a London-based research aggregator launched last year, has partnered with CorporateAccessNetwork, a corporate access platform, to offer investor clients combined research and corporate access according to a joint press …

Ned Davis Launches Asset Allocation Mutual Fund With VanEck 05/13/2016

Ned Davis Research (NDR), an investment strategy subsidiary of Euromoney, is partnering with investment manager VanEck to launch a tactical asset allocation fund that has the ability to allocate among ..

Rosenblatt Securities Partners With Polish Bank In Ninth Distribution Deal 05/17/2016

Rosenblatt Securities, a New York institutional brokerage, has entered an exclusive distribution agreement with Poland’s largest bank, PKO Bank Polski, to offer Central European research, corporate access, execution services and …

Sustainalytics Launches ESG Indices With Singapore Exchange 05/31/2016

Environmental, social and governance (ESG) research firm Sustainalytics partnered with Singapore Exchange (SGX) to launch SGX Sustainability Indices.  Sustainalytics provides the research and ratings for the SGX-listed companies which underpin …

Castine Consulting Partners With MPI Europe For MiFID II Implementation 06/07/2016

FinTech firm Castine Consulting partnered with IT consultant MPI Europe to market its MiFID II software in Europe.  MPI Europe’s role will to be to implement the Castine research procurement …

Commcise and Fidessa Partner Solution To Make CSAs Viable For MiFID II  06/22/2016

Commission management software provider Commcise has partnered with trading systems provider Fidessa group to facilitate the use of commission sharing agreements (CSAs) to implement newly required Research Payment Accounts mandated …

Big Data ESG Firm TruValue Labs Distributes Through Thomson Reuters 06/23/2016

TruValue Labs, a recent startup which uses big data techniques to collect environmental, social, and governance (ESG) data, has integrated its product into Thomson Reuters Eikon. TruValue Labs is a San …

Washington Research Group Joins Cowen After 5 Years With Guggenheim Securities 08/02/2016

Venerable policy firm the Washington Research Group has joined Cowen Group after nearly five years affiliation with Guggenheim Securities.  Cowen is also expanding its policy research offering through a distribution …

Crowd-Sourced Expert Network Slingshot Insights Works Deal With Seeking Alpha 08/05/2016

Crowdsourced primary research firm Slingshot Insights is being promoted by Seeking Alpha as part of a new collaboration.  In return, Slingshot Insight is offering Seeking Alpha readers free access to …

New Macro Strategy Firm Partners With Big Data Firm Predata 08/09/2016

Nightberg, a New York-based macro strategy research firm, has partnered with big data firm Predata to incorporate policy research into their offerings. Nightberg, founded last year by two macro hedge fund strategists, …

LSE’s Corporate Access Platform Partners With Video Service OpenExchange 08/10/2016

ELITE Connect, the online corporate access platform launched by the London Stock Exchange, has partnered with OpenExchange, the US-based video conferencing service tailored for corporate access.  The collaboration helps boost …

Geospatial Analysis Firm Orbital Insight Partners With Planet Labs 08/22/2016

Orbital Insight, a geospatial big data company, signed an agreement with satellite start-up Planet Labs, which has launched 60 nano-satellites, according to a post by Planet Labs. Orbital Insight uses four …

Research Authoring Platform EFA Partners With Quark Software 08/31/2016

EFA, a Hong-Kong-based content management software provider, has partnered with Quark Software to integrate its capabilities into Quark’s research authoring platform.  EFA is adding the ability to upload and distribute …

FrostRB Partners With Investars To Integrate Research Budgeting Software With Commission Management 09/07/2016

FrostRB, a research valuation/budgeting platform developed by Frost Consulting, has integrated its software with a commission management platform developed by Investars, which measures research performance.  The partnership is not exclusive …

Strategy Boutique Fundstrat Partners With SMBC Nikko For Retail Japanese Distribution 09/15/2016

Fundstrat Global Advisors, an investment strategy research firm, has partnered with SMBC Nikko Securities, to integrate its research products with SMBC Nikko’s research offerings for its retail investors. SMBC Nikko will …

Big Data Firm Ravenpack Partners With The Fly 10/05/2016

Spanish news sentiment analysis provider RavenPack has partnered with The Fly (formerly named TheFlyOnTheWall) to include the financial news provider’s coverage of analyst ratings, earnings surprises, insider trading and M&A …

Quant Research Firm ExtractAlpha Partners With Trading Analytics Provider OTAS 10/07/2016

ExtractAlpha, a quantitative research firm seeking to extract signals from alternative data, has partnered with trading analytics provider OTAS Technologies, which will incorporate ExtractAlpha’s short-term trading model into its platform. ExtractAlpha’s …

IRI and Research Now Partner to Access 1.1 mln US Consumer Panelists 10/31/2016

Recently Chicago-based consumer, retail, media and healthcare research company IRI announced a partnership with online survey provider Research Now, to access its panel of 1.1 million U.S. consumers to create …

CIBC Signs Exclusive Deal To Distribute Piper Jaffray Research 12/05/2016

Canadian Imperial Bank of Commerce signed an exclusive agreement to distribute Minneapolis-based Piper Jaffray’s equity research in Canada. The Piper Jaffray equity research group consists of 40 senior analysts covering 750 …

Sustainalytics Applies Machine Learning To ESG Data 12/15/2016

Environmental, social and governance (ESG) research firm Sustainalytics has collaborated with a Paris-based FinTech firm to launch a quantitative model that provides securities-level financial risk and opportunity signals based on …

Jefferies Switches Thai Distribution Partners To Increase Research Coverage 12/21/2016

Jefferies, one the larger mid-tier investment banks, partnered with a Thai investment bank which will provide equity research coverage of Thai stocks and local brokerage for Jefferies clients.  The move …

Product Extensions

Zacks Opens Crowdfunding Investment Banking Boutique 01/05/2016

Zacks Group, parent of retail-oriented Zacks Investment Research, is gearing up an investment banking subsidiary, ZacksInvest.  The new affiliate is designed to be a crowdfunding banking boutique. ZacksInvest is a boutique …

Roubini Affiliate Launches Analytics For Corporates 02/25/2016

Roubini ThoughtLab, an affiliate of Roubini Global Economics (RGE), launched a decision support platform targeted to corporations for modeling growth and risk in economies where they conduct business. The new platform …

MSCI ESG Launches Fund ESG Ratings Emulating Morningstar and Sustainalytics 03/11/2016

Following Sustainalytics’ collaboration with Morningstar, MSCI ESG Research launched ESG ratings for approximately 21,000 mutual funds and ETFs. Each fund will receive from MSCI an overall score called the Fund ESG …

BCA Research Plans Move Beyond Macro 03/15/2016

During a recent Euromoney strategy presentation,  Bashar AL-Rehany, CEO of BCA Research, outlined various initiatives to improve top-line growth.  As part of the plan, BCA, one of the leading macro-economic …

ValueEngine Adds Chinese Research Reports After Deal With Online Broker 05/02/2016

Independent quantitative research firm ValuEngine is offering Chinese language stock reports as a result of partnership with online broker SogoTrade. Melbourne Florida-based ValuEngine produces 12-page PDF reports every day for around …

Perth Releases New Way for Investors to Measure Business Acumen and Company Value 05/25/2016

Founded in 2002, Perth Leadership Institute has historically provided executive and leadership development to corporate clients around the world.  As a result of this work Perth has developed a formal …

Asset Allocation Platform ClearMacro Adds Liquidity Data from CrossBorder Capital 05/10/2016

ClearMacro, a London-based tactical asset allocation platform, has partnered with CrossBorder Capital, which analyzes liquidity flows based on IMF data.  ClearMacro, founded by a former sovereign wealth fund portfolio manager, …

Ned Davis Research Launches New Digital Interface 05/25/2016

Ned Davis Research (NDR), an investment strategy subsidiary of Euromoney, launched a new interface designed to facilitate online access to the firm’s data and graphics. The new product, NDR Explorer, is …

Real Estate Forecast Releases New Chinese Real Estate Analtyics 06/14/2016

Hong Kong-based Real Estate Foresight recently launched enhancements to its Chinese real estate data and analytics.  The new products signal the firm’s perseverance despite turmoil in Chinese real estate markets. The …

Strategy Platform ClearMacro Adds News Content 06/17/2016

Investment strategy platform ClearMacro has partnered with media platform EditorEye to add news and research content to its product offering. EditorEye, a London-based platform targeted to media companies for aggregating content, …

BCA Research Launches Emerging Markets Strategy Product 08/11/2016

BCA Research, a leading macro research provider, launched an emerging markets equity product, adding to its sector strategy offerings. The firm released EM Equity Sector Strategy (EMES), a new service which

BCA Research Adds Education Program 09/21/2016

BCA Research, a leading provider of macro research, launched a new educational program designed to increase its audience and improve satisfaction with its services. BCA Academy incorporates materials from the firm’s …

Bloomberg Takes On Visible Alpha For Model Distribution 09/27/2016

Bloomberg is challenging investment bank-backed Visible Alpha’s model distribution business, but the jury is out on which firm will get the upper hand. Visible Alpha launched its aggregation platform for sell-side …

William Blair Adds Expert Calls As Additional Research Offering 09/27/2016

William Blair announced it has added expert calls to its events program. The format is for analysts to host conference calls with industry experts, management of public and private companies, or …

BCA Research Expands Equity Product Line 11/04/2016

BCA Research, a leading macro research provider, continued its product expansion beyond macro as it added coverage to its quantitative stock valuation models.  Its Equity Trading Strategy offering has been …

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About Author

Sandy Bragg is a principal at Integrity Research Associates. He has over thirty years experience as an investment research professional. Prior to joining Integrity in 2006, he was an Executive Managing Director at Standard & Poors, managing S&P’s equity research business and fund information properties. Sandy has an MBA from New York University and BA from Williams College. Email: Sanford.Bragg@integrity-research.com

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