Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

ERIC REDESIGNS PLATFORM AND LAUNCHES RESEARCH MANAGEMENT DASHBOARD

Changes address FCA concerns on asset manager dealing commission shortcomings

ERIC (Electronic Research Interchange), the marketplace for institutional investment research, has released the latest iteration of its platform and launched a research management dashboard which enables asset managers to better identify the worth of the research consumed within their organisation.

The redesign is part of the ongoing development of the ERIC platform, in consultation with the buy-side, and addresses the concerns expressed by the FCA in its recent review of asset managers’ use of dealing commission. The FCA identified that many managers could not attribute a cost to substantive research, record broker interactions or explain the rational for research commission expenditure decisions.

The new ERIC platform delivers greater capacity for evaluating and reporting on the research consumed by its buy-side participants, whether consumed via the platform or outwith. It streamlines the process for submitting bespoke research tenders and adds an ‘Ask ERIC’ option, whereby asset managers can anonymously make specific requests to a host of research providers.

A new research management dashboard enables investment professionals to record details of interactions with providers and assign their own monetary values to research, whether consumed as a report, an analyst meeting, or specially commissioned project. The information is shared privately within asset management organisations or teams  to build a unique library of evaluated content, allowing buy-side firms to better analyse the value of future research and determine their own needs.

Chris Turnbull, co-founder of ERIC, says: “Our new developments will make it easier for asset managers to comply with FCA requirements and establish their research needs. ERIC is designed to facilitate conversations between asset managers and research providers, which will lead to greater clarity on the kind of research the buy-side is looking for and will allow the sell-side to tailor their output accordingly.

“Investment research is evolving and must demonstrate true value. We have upgraded our platform to simplify asset managers’ relationship with research and give them the tools they need to make more informed decisions about their requirements.”