Optimising research funding, consumption, evaluation and payment processes
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Budgeting
- Sets budgets for research providers at various levels (e.g. team/strategy) and tracks allocation to portfolios using real-time trading, funding, and consumption data.
Funding
- Supports various global funding methods including CCA, CSA, RCCA, RPA (transactional, accounting) and P&L methods, with a flexible rules engine to ensure accurate unbundling of trades and determine commission pools, splits, and trade eligibility.
Reconciliation
- Utilizes a sophisticated trade matching engine for automatic reconciliation of CSA and RCCA trades.
- Offers fully-audited, allocation-level reconciliation with comprehensive exception management workflow and automatic sweep notifications.
Consumption Tracking
- Provides direct feeds of consumption data from research providers, with robust data cleansing and normalization processes, and a flexible, rules-based valuation engine to support any buy-side valuation model. It includes comprehensive consumption reporting against budgets and a robust cost allocation model to ensure fair charging to benefiting portfolios..
Contract Management
- Centralizes management of fixed-price agreements with research providers, including portal access and pay-per-user subscriptions, with automatic invoice generation and integration with user consumption budgets.
Evaluation
- Facilitates evaluation of research and execution across multiple asset classes, supporting top-down, bottom-up, and consumption-based evaluation.
Payments
- Automatically generates and provides a unified view of CCA, CSA, RPA, and P&L payments, with partnerships to facilitate payments and aggregate balances.
