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.

Increased transparency

All transactions available on-line including payments to research providers and RPA sweeping.

Usability

Client portal delivers all transaction and analysis data on-line to asset management clients.

Reduced Total Cost of Ownership

Software as a Service means no hardware or upgrade overheads. Rapid implementation reduces time-to-market and costs.