SocGen Taps Smartkarma to Meet MiFID 2 Unbundling Regs
The bank believes that by outsourcing the provision of research content, it can meet the unbundling requirements of MiFID 2.
SocGen clients will pay a subscription fee that gives them access to the entire Smartkarma platform, which provides access to over 100 investment insight firms, comprised of approximately 400 analysts. A pre-determined portion of the commission rate they pay the bank for trade execution will be allocated to fund the login to the platform.
Under MiFID 2, the European Commission is preparing to introduce proposals on unbundling payments for investment research from trading commissions to curb
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