Harbottle & Lewis has advised RSRCHXchange, a cloud-based marketplace and MiFID II workflow solution for accessing institutional research, on its strategic investment from Euclid Opportunities, NEX Group’s financial technology investment business.
The investment will enable RSRCHXchange to continue to expand its global footprint and accelerate growth.
RSRCHXchange launched RSRCHX, its marketplace and MiFID II workflow solution for institutional research in 2014, in anticipation of the unbundling rules which come into force in January 2018.
A technology driven solution, RSRCHX dramatically improves the way financial institutions manage and consume research, and is used by more than 1,000 asset management firms and around 190 bank, broker and boutique research providers. The marketplace enables asset managers to consume, purchase and monitor research in one purpose-built solution, which tracks firm-wide consumption, improves the procurement process and ultimately ensures MiFID II compliance.
Tony Littner (Picture) led the team at Harbottle & Lewis which advised on the transaction with support from, among others, Felix Wong (Corporate) and Jamie Feldman (Employment).
Law Firms: Harbottle & Lewis;