Thomson Reuters Enhances MiFID II Research Management and Search Capabilities

Thomson Reuters (NYSE:TRI) has introduced additional research management and search capabilities to its flagship Eikon platform, adding new tools that aim to help financial institutions manage the impending MiFID II legislative changes on research unbundling, set to be implemented in January, 2018.

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The data vendor has incorporated the Search and Discovery (S&D) solution, a comprehensive service helping firms to process huge volumes of data and tackle the challenges of data quality and consistency. It allows its users to streamline their necessary business processes by quickly drilling into multiple and disparate sources of unstructured text such as news, filings, transcripts, research, both to reduce cost and to gain time and resource efficiencies.

The growing interest in content-based solutions that allows users to manage their research consumption in Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term with MiFID II has encouraged Thomson Reuters to integrate StarMine's analysis toolset. StarMine’s methodology and data objectively measures the analyst performance based on the returns of their buy/sell recommendations and the accuracy of their earnings estimates.

These additions are part of a series of research solutions that Thomson Reuters continues to release in 2017 through new products and third-party partnerships. MiFID’s research regulations will bring profound changes in the research segment of financial services, fuelling the need for new products to be in place so that institutions can manage these changes.

Mahesh Narayan, head of portfolio management and research, Thomson Reuters, commented: “Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term professionals have been contending with information overload for a long time, and a research process that remains largely manual can hinder the ability to make fast investment decisions and achieve an advantage over competitors. With MiFID II coming into force, effective research management will be crucial. By improving search functionality and the storage of research on Eikon, we are empowering the buy-side with the tools they need to meet their evolving business needs.”