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May 14, 2019

Liquidnet buys research marketplace RSRCHXchange

Institutional investment network Liquidnet has bought London-based RSRCHXchange, an institutional research marketplace and aggregator.

The deal integrates RSRCHXchange’s technology, research, and distribution with Liquidnet’s AI-powered analytics platform.

RSRCHXchange, set up in 2015, is a cloud-based repository for buying and selling research.

The marketplace has around 400 contributors and is subscribed to by nearly 1,200 asset managers.

Through the purchase, Liquidnet expects to offer actionable insights directly to investment teams.

The firm said that the acquisition will enable it to “revolutionise the way” asset managers source, assess and act on data.

The companies did not disclose the deal value.

RSRCHXchange co-founders Vicky Sanders and Jeremy Davies will retain management of the firm’s daily activities.

The duo will report to Liquidnet president Brian Conroy.

“Tapping Liquidnet’s global resources will help us accelerate innovation, insert this critical insight into the investment process at the earliest stage possible, and seamlessly distribute it through the Liquidnet platform,” Davies noted.

Conroy said: “This acquisition brings the worlds of investment research and alternative data together in a fundamentally new approach to alpha creation.

“We can now support our member firms across the entire investment spectrum—from idea to implementation.

“By adding RSRCHXchange to our already extensive network, we are taking another important step in our mission to intelligently connect the world’s investors to the world’s investments and leverage technology to add value to each stage of the investment process.”

The acquisition comes shortly after Liquidnet established a Dublin entity in a Brexit contingency plan.

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