Red Deer wins ‘Best Research Subscription Management Solution for MiFID II” at A-Team Group’s RegTech Awards 2018
May 4, 2018 Announcement
Red Deer, a next-generation financial technology company dedicated to enhancing the performance of active investment managers, has been named “’Best Research Subscription Management Solution for MiFID II” at A-Team Group’s RegTech Awards 2018, which took place in London on 3 May 2018. This award follows just a week after Red Deer’s win at the HFM European Hedge Fund Services Awards 2018 for “Best MiFID II solution – Research Management”.
The RegTech Awards celebrate leading technologies and third-party vendors in the area of their expertise and are uniquely designed to recognise both start-up and established providers of RegTech solutions, services, consultancy and legal advice. Winners were selected based on a combination of client votes and the assessment of a highly experienced Advisory Board.
Red Deer’s research valuation management solution captures and attributes firm research consumption across all research channels including email, chat and voice, giving buy-side firms the most accurate view of their research value. This approach has the added advantage of preventing inducement across the firm. Red Deer’s Outlook plugin and mobile application mean that firms can be MiFID II compliant quickly, with minimal disruption to their investment process.
Advanced budget management allows firms to allocate budgets at the fund, strategy or individual level and track contributions from hard and soft budgets, with alerting to ensure budgetary thresholds are maintained. Oversight reporting is exception-based, offering compliance teams greater transparency and operational efficiencies.
Commenting on Red Deer’s win, CEO Henry Price said: “This award means a lot to Red Deer given our clients’ contribution to the voting process. In addition to ensuring MiFID II compliance, we’ve been focused on delivering real business benefits to both the front and back-office. Our solution offers the front-office a non-intrusive, user-friendly approach to preventing inducement, tracking consumption and valuation, while simultaneously affording the back-office clear oversight and a reduction in the complexity and costs associated with MiFID II research unbundling. The future will see us continue to innovate across the business, providing continued support and enhancements for our existing and future clients.”
About Red Deer
Red Deer is a financial technology company dedicated to enhancing the performance of active investment managers. Serving a client base of some of the world’s leading hedge funds, asset managers and pension funds, Red Deer is founded on three key pillars – ‘Miss Nothing that Matters’, ‘Turn Data into Decisions’ and ‘Stay Ahead of Regulation’. Red Deer enables active investment managers to intuitively explore and discover, share and collaborate and make data-driven decisions that drive performance, whilst seamlessly staying on the right side of regulation.