zerohedge.com / by Tyler Durden / Aug 23, 2017
Would you pay $1,000 for each piece of equity research you read throughout the day? How about $5,000 for an industry piece?
Well, Autonomous Research, which was founded in 2009 by former Merrill Lynch analysts, is really hoping you’ll agree that those are appropriate clearing prices for their daily market wisdom. According to Bloomberg, as equity research providers in the Europe continue to figure out how exactly to best comply with upcoming MiFID II rules, Autonomous thinks that a piecemeal approach will allow them to reach smaller funds that lack the resources to purchase more expensive annual contracts for bulge bracket research.
Autonomous Research LLP is offering a pay-as-you-go model for its European equity product in the run-up to the MiFID II rules, which are set to shake up the way money managers pay for analyst reports, people with knowledge of the matter said.