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.
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