Jeremy Davies, RSRCHXchange
London - Euclid Opportunities, NEX Group's financial technology investment business, has made a strategic investment in RSRCHXchange, a cloud-based marketplace and MiFID II workflow solution for accessing institutional research. Terms of the investment are not disclosed.
RSRCHXchange is the latest company to join the Euclid Opportunities portfolio. Through Euclid Opportunities, NEX strategically invests in financial technology companies that are transforming capital markets. Other Euclid Opportunities investments include: Abide Financial, ENSO Financial, OpenFin, Duco and OpenGamma.
Jeremy Davies, Co-Founder of RSRCHXchange, said: "The asset management community is on the cusp of unprecedented change as research and execution costs unbundle in less than 12 months when the MiFID II requirements come into effect. We are now providing over 1,000 buy-side firms with a MiFID II solution for buying, managing and procuring investment research. Euclid Opportunities' investment in RSRCHXchange has come at a pivotal moment in time and will enable us to further develop the RSRCHX platform for the benefit of both asset managers and research providers."