Commcise, a provider of a commission management, research valuation and accounting platform, and Singletrack, CRM and data analysis specialist for the sell-side, have teamed up to offer high-quality consumption data from Singletrack customers directly to Commcise buy-side customers.
MiFID II now requires buy-side participants to accurately measure, value and report every aspect of corporate access and research consumption. The majority of Commcise buy-side customers have research relationships with Singletrack customers, and this integration puts a direct link between both of their platforms while maintaining the utmost levels of security and data confidentiality.
Customers on both sides benefit from the solution. Singletrack customers can automatically push clean consumption data on a daily basis, as well as consume real-time rejections and more granular interaction-level feedback. Commcise customers benefit from actionable intelligence including readership data and high touch services such as calls, meetings and conferences, while at the same time meeting new regulatory obligations.
“Singletrack customers want their consumption data to be made available to our buy-side customers in a secure, clean and timely manner so that their services can be most efficiently evaluated,” says Amrish Ganatra, CEO at Commcise. “Our customers use this data to help build a defensible research budget and valuation framework. We are delighted to partner with Singletrack in what everyone agrees is a win-win solution, providing a mechanism that will further enhance the performance and efficiency of our collective customer bases.”
“This is a transformational year in the Capital Markets industry,” says Stuart Berwick, CEO at Singletrack. “Singletrack are working in partnership with Commcise and our clients to ensure the automation of interaction data management, a problem which is rapidly becoming prohibitively complex to address manually. Coupled with advanced analytics available from the Singletrack platform, this enables our clients to position themselves for 2018 and 2019 with unprecedented insights into buy-side service levels and resource consumption trends.”
The direct connection uses a bi-directional API that embraces the RIXML standard, it has been configured so that new buy-side customers can be added rapidly, and many customers are already benefiting from the integration.
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