Nordea Implements Research Payment Accounting
Commcise, the multi award-winning provider of integrated commission management and research evaluation solutions for investment management firms, is pleased to confirm the successful implementation of CommciseBUY at Nordea Asset Management (Nordea), the asset management division of the largest financial services group in the Nordics.
The Commcise solution delivers an end-to-end commission management and research evaluation processing capability to support Nordea’s transition to MiFID II Research Payment Account (RPA) compliance well in time for the January 2018 deadline.
Amrish Ganatra, CEO at Commcise, stated: “We are delighted to welcome Nordea as a client and to have become a key partner in their commission management and research evaluation process.” He added, “this project, delivered on time and within budget, is providing a single end-to-end, cloud based solution, with all the functionality required in a secure, cost effective manner.”
Upstart exchange has seen market share increase to near 4%.
Goldman Sachs Asset Management’s fundamental equity business manages over $20bn in thematic equities.
Data extraction and integration is the second stage of a digitization process.
With Ankit Mittal, Business Change Manager, Global Trading, Schroders
IIGCC and lead investors will launch a pilot with companies including BP, Eni, Repsol, Shell and Total.