Increased transparency

Delivers a complete view of investor- or AM-funded research budgeting and consumption.

Broker-neutral solution

Designed specifically to meet the needs of all types of asset management organisations.

Fully audited solution

Provides a single end-to-end audit trail, including output for all key business stakeholders.

Funding

Supports any combination of global funding methods: CCA, CSA, RCCA, RPA (transactional, accounting) and P&L methods. Flexible rules engine determines commission pools, splits and trade eligibility of CSA and full-service rate trades. Accurate unbundling of principal trades.

Contract management

Centralised management of fixed-price agreements with research providers (e.g. portal access, pay-per-user subscriptions). Automatic generation of invoices. Integration with user consumption budgets.

Evaluation (aka Broker Vote)

Research evaluation is the new name for Broker Vote. Commcise allows top-down, bottom-up and consumption-based evaluation. Flexible levels for evaluating research providers, including by service type, individual contacts or the provider overall. Integration of consumption data and commission balances allows fund managers to see real time ‘value of a vote’.

Reporting

Comprehensive set of MiFID II reports, including fair allocation fund-level funding and consumption. Complete ‘full commission wallet’ reporting. Broker scorecards derived from provider evaluations.