Liquidnet, the global institutional trading network, and ONEaccess, a Visible Alpha company and leading corporate access and research valuation platform, today announced a partnership to provide institutional investors with solutions to seamlessly manage, track, and pay for eligible research under MiFID II. This partnership between Liquidnet and ONEaccess offers clients of both companies a more efficient technology solution for managing their interactions with research content.
30 April 2018 is the date the buy side will need to begin producing the first detailed best execution reports—an integral part of the new world of best ex, post-MiFID II. Even though April 2018 is still some time away, firms need to start collecting the data necessary for these reports now as the first one has to cover all orders executed during 2017. Understandably, the level of detail and data required for the new best ex reporting rules are certainly causing headaches in the industry—and for good reason. Like it or loathe it, big data is coming to the buy side.