Just over 40% of investors have noticed a decrease in the availability and breadth of fixed income, currencies and commodities (FICC) research for small and medium-sized companies in the wake of MiFID II, according to a survey by the International Capital Market Association (ICMA).This trend was likely to continue as the reforms bedded down, said ICMA’s Asset Management and Investors Council (AMIC), which carried out the survey for the second consecutive year.More than two thirds (68%) of respondents said they used less research in general compared to last year. Banks and brokers took the biggest hit, with 71% of those surveyed saying they used less research from these providers. In addition, 82% said they used fewer research providers.However, the survey suggested that investor fears about a decline in the quality of FICC research were so far largely unfounded. The vast majority of respondents to the 2018 survey said they had not noticed any change in the quality of the research they received, compared with 32% who last year indicated they anticipated research to get worse.All of the respondents found no change in the quality of research from independent providers. Views on the quality of FICC research from banks and brokers were more mixed, although a clear majority (86%) said the quality had stayed the same; 11% said it got worse while 4% noticed an improvement.Presenting the survey results in London last week, Patrik Karlsson, director of market practice and regulatory policy at AMIC, said the views about the quality of research were a positive surprise.Karlsson also highlighted respondents’ approach to dealing with conflicting rules on FICC research globally. This year AMIC found that buy-side firms were split between unbundling research globally and only using paid-for research (35%), and segregating EU and non-EU businesses (35%). Last year 64% of respondents were planning to unbundle globally and only 7% were planning to segregate businesses.“The significant change in firm attitude to the business segregation model may reflect that the costs and complexities of segregating their businesses geographically outweigh the costs and complexities that come from unbundling globally,” said AMIC.AMIC surveyed 28 companies, primarily asset managers and investment funds, from EU countries.
The Stuart Air Show, which was scheduled to go on Sunday despite the rough weather, has now been canceled.A tweet from the air show’s official page says the cancellation is due to safety concerns from heavy rain.The show, which has been scheduled during this time for 30 years, was also canceled Saturday due to inclement weather. Opening day events scheduled for Friday were canceled as a result of a fatal plane crash that killed a pilot who was scheduled to perform in the show.In a social media post on Saturday night, the show announced that Sunday’s air show would be dedicated in memory of local dermatologist Joe Masessa, the 59-year-old pilot killed in the crash. Masessa’s death is the first fatality in the show’s history.
Kambi takes control of Churchill Downs BetAmerica sportsbook August 28, 2020 Related Articles StumbleUpon Share Submit Share How Stats Perform is taking CONMEBOL betting to the next level June 17, 2020 Andrew Cochrane said that SBTech is “the most innovative and dynamic technology provider in the industry” after being appointed as the company’s new Chief Commercial Officer.With a track record of managing top-tier omni channel operators in regulated markets, Cochrane will play his part in SBTech’s ongoing global expansion by defining strategic objectives, identifying opportunities for growth and maximising revenues across the board.He joins after two years with Sporting Solutions, where he built a high-performing sales and account management team, having previously run the William Hill global account at Inspired Gaming Group.Richard Carter, SBTech CEO, said: “We are delighted that Andrew has joined the team. He is highly regarded in the industry as a customer relations expert dealing with tier-1 and lottery operators and has personally signed and managed numerous high-profile contracts.“This appointment further demonstrates SBTech’s commitment to its partners by bringing in the best talent to support continued revenue growth in regulated markets.”Andrew Cochrane commented: “SBTech is by far the most innovative and dynamic technology provider in the industry, growing faster than any other B2B supplier. I could not turn down the opportunity to be a part of this exceptional team and look forward to working closely with some of the biggest names in the industry in the coming months.”SBTech is one of 22 first-time exhibitors at Betting on Sports 2017 (12-15 September), alongside Mr Green, Erlang Solutions, Matchbook Trading Conference, Trustly, eMerchantPay, OtherLevels, OddsRing, LeonBets, Secure Trading Group, EvenBet Gaming, Finnplay, Tal Ron Drihem, AlgoSport, Abios Gaming, 1xbet, Crown Technologies, Wiraya, Setanta Sports, Spottocash, GameCo and Millennial Esports. Kambi and DraftKings agree on final closure terms July 24, 2020