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NEWS UPDATE TECHNOLOGY Liquidnet bolsters platform with RSRCHXchange acquisition Liquidnet has acquired institutional research marketplace and aggregator RSRCHX- change to expand its AI-based analytics platform. L iquidnet has acquired institutional research marketplace and aggregator RSRCHXchange, expanding its platform to provide clients with access to global market research. In a statement, Liquidnet said that RSRCHXchange’s technology, research and distribution will be combined with its artificial intelligence-based analytics platform, for buy- side firms to source, access and evaluate market insights. Terms of the deal were not disclosed. “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,” said Brian Conroy, president of Liquidnet. “By adding RSRCHXchange to our already extensive net- work, we are taking another important step in our mission to intelligently connect the world’s investors to the world’s investments and leverage technology to add value to each stage of the investment process.” Founded in 2015, RSRCHXchange’s platform deploys analytics to personalise client experience and streamline workflows around investment research as the industry adapts to unbundling under MiFID II in Europe. “The investment research process has barely evolved in the past 20 years. RSRCHXchange was created to leverage technology-driven solutions to empower members of an investment team to efficiently access the most rele- vant research and market insight to help inform their investment decisions,” said Vicky Sanders, co-founder of RSRCHXchange. RSRCHXchange’s research marketplace consists of 400 research providers, with 40% of the research coming from investment banks and sell-side brokers. Around 1,200 buy- side firms are subscribed to the platform. “Tapping Liquidnet’s global resources will help us acceler- ate innovation, insert this critical insight into the invest- ment process at the earliest stage possible, and seamlessly distribute it through the Liquidnet platform,” Jeremy Davies, co-Founder of RSRCHXchange, added. Sanders and Davies will continue to lead RSRCHXchange and its day-to-day operations, working closely with the Liquidnet team to develop the integrated service. COMING SOON TRADE TECH FX THE OFFICIAL NEWSPAPER OF TRADETECH FX EUROPE 2019 Daily ARRIVING SEPTEMBER 2019 For more information please contact Marc Carolissen [email protected] +44 (0)207 397 3807