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Commcise named 'Best buy-side product 2016' at Buy-Side Technology Awards from Waters Technology
Also awarded 'Best buy-side newcomer' for CommciseBuy - integrated commission management solution
Commcise assists investment managers, brokers and independent research providers to demonstrate compliance with the changing regulatory landscape and evolving market practices around commission unbundling and payments for research. The company's products cover all aspects of the CSA/RPA process including funding, bottom-up research evaluation and reporting. The cloud-based system enables all users to log, store and manage commission data wherever they are across the globe.
Replacing a complex web of processes and spread-sheets, Commcise provides asset managers and investment managers with instant transparency and clarity of ownership of clients' commission money, together with accuracy regarding where and why commission is being spent.
Amrish Ganatra, MD at Commcise, who collected the award at a ceremony in London, commented, "We are delighted to have received this recognition as the best buy-side newcomer and best buy-side product for 2016." He added, "With the ever-evolving regulatory and compliance landscape, these awards are a recognition of the technical and business expertise and experience our team possesses, enabling us to provide the best possible solutions for our clients"
The Buy-Side Technology Awards recognize the industry's leading technologies and vendors, voted for by a panel of Waters editors, buy-side focused technology consultants and end users. The 'Best buy-side product for 2016' award was independently awarded to Commcise following consideration of all shortlisted companies across the 31 categories.
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Commcise offers independent, fully-integrated commission management solutions to the buy-side, sell-side and research providers. Commcise Buy, our award-winning cloud-based commission management platform is designed from the ground up to meet the specific needs of investment managers. Commcise Buy is the market-leading software solution helping asset managers to evidence end-to-end compliance with the latest MiFID II regulatory requirements. Commcise Buy provides automated trade reconciliation, algorithmic rules engine, invoice management, research evaluation / broker vote, consumption tracking (including an automated research valuation engine), commission budgeting, research accounting and reporting in a single fully-audited solution.
Built on the same technology stack as our award-winning buy-side platform, Commcise Sell is a cloud-based commission management platform for the sell-side. Commcise Sell allows executing brokers to transparently manage research commissions on behalf of their buy-side customers in a regulatory compliant manner. Whilst fully supporting the management of CSAs, Commcise additionally supports management of research payment accounts (RPAs) funded by transactions or by the accounting model. By providing a fully-audited and controlled platform that includes our industry-leading algorithmic rules engine, invoice management, research accounting and reporting in addition to white-labelled portal, Commcise Sell can allow brokers, research providers, custodians, fund accountants or any RPA administrator to manage commissions in any level of granularity and as demanded by their customers.
Commcise was founded by buy side industry professionals, with founding members including the partners of a leading Investment Technology consulting firm who have in-depth experience of implementing complex global technology solutions for asset management firms. With over 200 buy-side and sell-side clients globally, Commcise's clients include some of the largest institutional asset managers, hedge funds and brokers in the world.
For further information on Commcise, please go to: http://www.commcise.com or following us on twitter at @commcise