A number of asset managers could lose access to investment research following the implementation of MiFID II, as their current payments to research providers are likely to be insufficient under the directive, according to Chris Turnbull, co-founder of research platform ERIC.
He said a "considerable number" of small-and mid-sized asset managers are underpaying for unfettered access to research because payments are currently correlated to trading volumes. Theoretically, this...
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