S&P Global Market Intelligence and Westminster Research are
collaborating to enhance the research evaluation and payment
process for asset managers. Since the implementation of MiFID II,
asset management companies around the world have been adapting and
improving their processes and systems for research evaluation and
payments, leading to unprecedented demand for efficient and
effective solutions. This partnership brings together research
evaluation software and custodial commission sharing agreement
(CSA) management and payments solutions, resulting in greater
interoperability for clients.
Users of Evaluation, the S&P Global Market Intelligence
research evaluation workflow solution, will be able to review
interactions, allocate research budgets and make payment
instructions within the Evaluation solution for delivery by
Westminster Research’s custodial commission sharing agreement
broker-dealer. Confirmations will then be received in the
Westminster Research will leverage the research evaluation
software available in the Evaluation system to provide an
integrated workflow solution utilizing Westminster Research’s
custodial commission sharing agreement management model to pay for
S&P Global Market Intelligence has been providing integrated
research evaluation and payment workflow solutions to asset
management companies for over ten years, encompassing interaction
tracking, research evaluation, service feedback and virtual
custodial commission sharing agreement management. Westminster
Research Associates is a FINRA-regulated broker-dealer that has
provided custodial commission sharing agreement aggregation
management model for asset managers since 1993.
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.