We are pleased to announce that NovitasFTCL acted as exclusive financial advisor to the shareholders of RSRCHXchange, a leading marketplace and aggregator for institutional research, in its sale to Liquidnet.
RSRCHXchange is the award-winning marketplace and aggregator for institutional research. The RSRCHX platform enables asset management firms to read, purchase and monitor research and analyst interactions from banks, brokers & boutique providers in amore efficient and transparent way. It is a one-stop-shop for consuming research in compliance with MiFID II and accessing the newly evolving paid-for research market. With RSRCHX, research providers can monetise their research services with new customers while also distributing to existing clients in a compliant and secure way. RSRCHX was launched in 2015 by an experienced industry team and has grown its user base to over 1,200 buy side firms and over 400 research providers.
Liquidnet is a technology-driven, global institutional investment network that intelligently connects the world’s investors to the world’s investments. Since its founding in 1999, its network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Its network spans 46 markets across six continents and connects institutional brokers, investment banks, exchanges, alternative trading venues, and a growing list of data and research providers.
A full press release for the transaction can be found at:
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