Chris Tiscornia, Westminster Research Association
Bloomberg and Cowen's Westminster Research Associates have announced that their respective research management technology and research payment solutions can be integrated to provide institutional investors with an end-to-end solution to help them manage, track, and pay for eligible research under MiFID II.
Due to upcoming MiFID II regulations, some asset managers will be opting to pay for research using a Research Payment Account (RPA), which is charged to the client.
Bloomberg and Cowen's Westminster RPA's integrated offerings will help mutual customers to manage research subscriptions, track consumption, evaluate research quality, create MiFID-compliant budgets, attribute value (broker vote), manage invoices, and process payments through their RPAs or otherwise.
Chris Tiscornia, CEO of Westminster Research Associates said: "By integrating with Bloomberg on this initiative, we are pleased to extend both our CSA aggregation and RPA offerings to flexibly provide end-to-end solutions that will allow our mutual clients to be prepared to address their forthcoming budgetary, valuation, payment and research needs."