Recent initiatives from regulators have called for increased transparency between fees paid for research and the commission paid for execution, known as commission unbundling. The need to have well-defined processes to ensure regulatory compliance has increased accordingly.

“This new partnership allows Neonet to provide buy-side clients an attractive alternative to the traditional investment bank bundled service. We deliver total transparency and allow freedom of choice between different research providers,” said Tim Wildenberg, Chief Executive Officer of Neonet. “The rich functionality of the Commcise system will be a perfect complement to our existing agency-based execution services.”

Working together with Neonet and other sell-side clients, Commcise has developed the CommciseSELL managed solution that will act as a technical hub for Neonet. Supporting automated trade reconciliation, real-time commission reporting by CSA pool, end-to-end invoice management workflows and payment to clients’ research providers. CommciseSELL provides an easy and user-friendly web interface where buy-side customers can manage their clients’ commission balances with complete transparency.

“We are delighted to have Neonet as a partner in developing our new sell-side commission management platform, CommciseSELL. Neonet were looking for a powerful, regulatory compliant, buy-side focused solution to make available to its CSA clients.” said Amrish Ganatra, Partner of Commcise. “CommciseSELL benefits from much of the innovation that we’ve developed for our CommciseBUY platform which we launched in November 2013. We will continue to closely monitor any further regulatory developments, to ensure that we always deliver the most compliant product available to both our buy-side and sell-side customers.”