Liquidnet Expands Global Investment Network with Acquisition of RSRCHXchange

Seamless access to global market research via the Liquidnet platform
empowers investment teams to drive maximum alpha

NEW YORK & LONDON–(BUSINESS WIRE)–Liquidnet, the global institutional investment network, today announced
it has acquired RSRCHXchange, a leading marketplace and aggregator for
institutional research. The acquisition supports Liquidnet’s evolution
as a global investment network and enables it to embed a new level of
research and analytics into the global investment process. Liquidnet
will now be able to deliver relevant, actionable insights directly to
investment teams through the Liquidnet platform.

Following its acquisition of OTAS Technologies in 2017, Liquidnet has
focused on integrating AI-powered decision support and analytics into
its institutional execution technology. By combining RSRCHXchange’s
technology, research, and distribution with Liquidnet’s AI based
analytics platform, Liquidnet can help its global network of asset
managers revolutionize the way they source, access, evaluate, and act on
data and insights to enhance investment decisions and generate alpha.

“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,” said Brian Conroy,
President of Liquidnet. “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.”

Launched in 2015, RSRCHXchange’s research marketplace and distribution
network digitizes massive amounts of content and provides a centralized,
cloud-based hub that allows providers to deliver research, and asset
managers to efficiently source it. The RSRCHX platform applies analytics
to personalize each user’s experience and optimize content discovery,
streamline workflows around investment research, and help offset the
burden placed on fund managers by new regulations such as MiFID II. As a
result, research providers can better monetize the value of their
research while buy-side firms can purchase the research they need, as
and when they need it.

“The investment research process has barely evolved in the past 20
years. RSRCHXchange was created to leverage technology-driven solutions
to empower members of an investment team to efficiently access the most
relevant research and market insight to help inform their investment
decisions,” said Vicky Sanders, Co-Founder of RSRCHXchange. “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,”
added Jeremy Davies, Co-Founder of RSRCHXchange.

Approximately 400 research providers regularly contribute to the RSRCHX
platform, with nearly 40% of the research coming directly from
investment banks and sell-side brokers. To date, approximately 1,200
asset managers subscribe to the platform.

Sanders and Davies will continue to oversee the day-to-day operations of
RSRCHXchange and work closely with the Liquidnet team to develop an
integrated solution, reporting directly to Brian Conroy, Liquidnet’s
President.

NovitasFTCL acted as the exclusive financial advisor to RSRCHXchange.

About Liquidnet

Liquidnet is a technology-driven, global institutional investment
network that intelligently connects the world’s investors to the world’s
investments. Since our founding in 1999, our network has grown to
include more than 1,000 institutional investors that collectively manage
$33 trillion in equity and fixed income assets. Our network spans 46
markets across six continents and seamlessly connects institutional
brokers, investment banks, exchanges, alternative trading venues, and a
growing list of data and research providers. We built Liquidnet to make
global capital markets more efficient, and continue to do so by adding
additional participants, enabling trusted access to trading and
investment opportunities, and delivering the actionable intelligence and
insight that our customers need. For more information, visit www.liquidnet.com
and follow us on Twitter @Liquidnet.

About RSRCHXchange

RSRCHXchange is the award-winning marketplace and aggregator for
institutional research. The RSRCHX platform enables asset management
firms to read, purchase and monitor research and analyst interactions
from banks, brokers & boutique providers in a more efficient and
transparent way. It is a one-stop-shop for consuming research in
compliance with MiFID II and accessing the newly evolving paid-for
research market. With RSRCHX, research providers can monetise their
research services with new customers while also distributing to existing
clients in a compliant and secure way. RSRCHX was launched in 2015 by an
experienced industry team and has grown its user base to over 1,200 buy
side firms and over 400 research providers. To find out more, visit www.rsrchxchange.com
or follow us on Twitter @rsrchx

© 2019 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is
a member of FINRA/SIPC. Liquidnet Europe Limited is authorized and
regulated by the Financial Conduct Authority in the UK, is licensed by
the Financial Sector Conduct Authority in South Africa, and is a member
of the London Stock Exchange and a remote member of the Warsaw Stock
Exchange. Liquidnet EU Limited is authorized and regulated by the
Central Bank of Ireland. Liquidnet Canada Inc. is a member of the
Investment Industry Regulatory Organization of Canada and a member of
the Canadian Investor Protection Fund. Liquidnet Asia Limited is
regulated by the Hong Kong Securities and Futures Commission for Type 1
and Type 7 regulated activities and is regulated by the Monetary
Authority of Singapore as a Recognized Market Operator. Liquidnet Japan
Inc. is regulated by the Financial Services Agency of Japan and is a
member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is registered with the
Australian Securities and Investment Commission as an Australian
Financial Services Licensee, AFSL number 312525, and is registered with
the New Zealand Financial Markets Authority as a Financial Service
Provider, FSP number FSP3781. Liquidnet Singapore Private Limited is
regulated by the Monetary Authority of Singapore as a Capital Markets
Services Licensee, CMSL number CMS 100757-1.

Contacts

Marisha Mistry, Liquidnet
Global Marketing & Communications
+1-646-674-2248
mmistry@liquidnet.com

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