Liquidnet acquires RSRCHXchange for investment data insights
Liquidnet, the institutional investment network, has acquired RSRCHXchange, a marketplace and aggregator for institutional research.
The acquisition supports Liquidnet’s aims to embed a new level of research and analytics into the global investment process.
Liquidnet will now be able to deliver relevant, actionable insights directly to investment teams through the Liquidnet platform.
Following its acquisition of OTAS Technologies in 2017, Liquidnet has focused on integrating artificial intelligence (AI) technology for analytics.
By combining RSRCHXchange’s technology, research and distribution with Liquidnet’s analytics platform, Liquidnet aims to help asset managers in the way they source, access, evaluate and act on data and insights.
“This acquisition brings the worlds of investment research and alternative data together in a fundamentally new approach to alpha creation. We can now support our member firms across the entire investment spectrum — from idea to implementation,” says Brian Conroy, president of Liquidnet.
Launched in 2015, RSRCHXchange’s research marketplace and distribution network digitises massive amounts of content and provides a centralised, cloud-based hub that allows providers to deliver research, and asset managers to efficiently source it.
The RSRCHX platform applies analytics to personalize each user’s experience and optimise content discovery, streamline workflows around investment research and help offset the burden placed on fund managers by new regulations such as MiFID II.