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Instinet launches RQ Connect

First Published 24th May 2017

Offers open connectivity to third party data for research distribution, monitoring and evaluations; creates a provider-neutral hub for MiFID II research payments.

Patrick Gill, Instinet

Patrick Gill, Instinet

New York and London - Instinet has announced the launch of RQ Connect (Research Quality Connect), a provider-neutral application within its research payment and commission management platform, Plazma. RQ Connect enables Research Procurement Management (RPM) systems to transfer research quality assessment data to Plazma.

Investment managers can review, edit and confirm this information on their desktops, and authorize payments, notably through Instinet Europe's certified Payment Institution license in Europe. RQ Connect unifies outside evaluation and budgeting processes with the established payment facilities of Plazma.

"Instinet is committed to innovating and adding value for clients, which means giving them options. RQ Connect offers clients the flexibility and optionality to choose which research management tools best suit their needs," said Patrick Gill, Head of Commission Management for Instinet Europe.

Instinet's Plazma platform supports client commission credit (soft dollar) and commission sharing accounts for North American and Asia-Pacific clients who accrue credits in accordance with applicable local regulations.

A number of third party firms are already integrating their data feeds into RQ Connect, including Alphametry, Castine, Commcise, CorpAxe, Dealogic, FactSet, ResearchPool, RSRCHXchange and Visible Alpha/ONEaccess.

Instinet expects to further expand the list of connected providers over the course of the next few months.