Eze Software Group Premiers MiFID II Commission Management Platform

Jun 22 2017 | 7:26pm ET

Investment industry technology provider Eze Software Group has debuted a new cloud-based commission management platform designed to help buy-side investment firms manage the new tracking requirements of the EU’s MiFID II regulations.

Building on Eze Software’s extensive experience in commission management, the MiFID II-focused solution is designed to handle the full commission management lifecycle, from research evaluation to budgeting, unbundling and specifying research payment account (RPA) payments, the company said in a statement. 

The new product focuses on the creation of a research evaluation process aligned with MiFID II-required fund and strategy groups. The evaluation is centralized and web-based, incorporating elements of the traditional broker vote into tracking and evaluating individual pieces of research. 

The results feed into a budget, where unbundled commission amounts are tracked. Research and client-directed budgets can then be managed from the same platform, Eze said, enabling reporting of detailed trade-allocation and commission data to teams, clients and regulators.

“As the buy-side gears up for MiFID II compliance, there is a greater need for a comprehensive, straight-through commission management process,” said Bill Neuman, managing director, product management & development for Eze, in the statement. “This platform unifies the disparate elements of the commission management process into a single holistic cloud solution that enables our clients to fully address MiFID II inducement requirements.” 

Headquartered in Boston, Eze Software is a global leading provider of investment management software solutions designed to optimize operational and investment alpha throughout the entire investment process. The company services more than 2,500 institutions in 45 nations, including broker-dealers, endowments, family offices, hedge funds, institutional asset managers, mutual funds, pension funds, and wealth managers across a range of investment strategies.

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