Delivering comprehensive commission management and research evaluation solutions
New York, London, 12th March 2018. Commcise, the award-winning provider of fully integrated end-to-end commission management, research evaluation and reporting solutions for investment management firms, is delighted to announce our continued growth in the US with the successful rollout of CommciseBUY at a number of global investment and asset management firms in North America during 2017.
A number of new marquee clients were signed in 2017 including Lazard Asset Management LLC, a global investment advisory and asset management firm with a long history of helping institutions, governments and individuals achieve their financial goals; Loomis, Sayles & Company, L.P., a global investment management firm providing capabilities across traditional asset classes and alternative investments; MFS Investment Management (MFS), a global equity and fixed income investment manager serving both individual and institutional investors worldwide; Pzena Investment Management, LLC, a global asset manager that applies a classic, deep value approach to investing; and William Blair Investment Management, LLC, a premier global boutique investment manager.
Amrish Ganatra, CEO at Commcise commented, “North America is a key financial market and we are delighted to be growing both our client base and our team to support asset managers and hedge funds in the US and Canada.” He added, “We have observed a growing trend towards transparency in the industry and are working with our clients to implement this and to evolve their methodology of valuing and tracking research.”
Commcise projects completed during 2017 deliver a range of services including multi-asset support, comprehensive support for Commission Sharing Agreement (CSA) and Research Payment Accounts (RPA), consumption tracking and broker voting. Commcise’s fair allocation engine helps asset managers provide research budgets at a fund level whilst ensuring at all times that funding and research consumptions budgets are kept in sync.
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Commcise offers independent, fully-integrated commission management solutions to the buy-side, sell-side and research providers. Commcise Buy, our award-winning cloud-based commission management platform is designed from the ground up to meet the specific needs of investment managers. Commcise Buy is the market-leading software solution helping asset managers to evidence end-to-end compliance with the latest MiFID II regulatory requirements. Commcise Buy provides automated trade reconciliation, algorithmic rules engine, invoice management, research evaluation/broker vote, consumption tracking (including an automated research valuation engine), commission budgeting, research accounting and reporting in a single fully-audited solution.
Built on the same technology stack as our award-winning buy-side platform, CommciseSell is a cloud-based commission management platform for the sell-side. Commcise Sell allows executing brokers to transparently manage research commissions on behalf of their buy-side customers in a regulatory compliant manner. Whilst fully supporting the management of CSAs, Commcise additionally supports management of research payment accounts (RPAs) funded by transactions or by the accounting model. By providing a fully-audited and controlled platform that includes our industry-leading algorithmic rules engine, invoice management, research accounting and reporting in addition to a white-labelled portal, Commcise Sell can allow brokers, research providers, custodians, fund accountants or any RPA administrator to manage commissions in any level of granularity and as demanded by their customers.
Commcise was founded by buy-side industry professionals, with founding members including the partners of a leading Investment Technology consulting firm who have in-depth experience of implementing complex global technology solutions for asset management firms. With over 200 buy-side and sell-side clients globally, Commcise’s clients include some of the largest institutional asset managers, hedge funds and brokers in the world.
For further information on Commcise, please go to www.commcise.com or follow us on Twitter at @commcise