WeConvene: EXTEL 2017: MIFID II Driving Emphasis on Advisory Performance; Survey Seeing Biggest Participation in Voting History
EXTEL 2017: MIFID II Driving Emphasis on Advisory Performance; Survey Seeing Biggest Participation in Voting History
LONDON, ENGLAND / ACCESSWIRE / May 4, 2017 / Extel 2017 voting officially closed at midnight on Friday, 28th April 2017. This year, participation reached record levels, with a double-digit increase across all three sides of the investment community.
On the sell-side, over 3,000 individuals from 258 firms have cast a vote. On the buy-side, 11,505 individuals from 2,500 buy-side firms also represent an increase on 2016. For listed companies, activity has been particularly strong, with over 1,000 corporates participating, a rise of nearly 10% on 2016.
"As preparation for MiFID II has intensified, it's clear there is increased emphasis on advisory performance in the equities industry," said Radek Barnert, CEO of WeConvene Extel, "Our role is a critical one, as the largest, independent survey globally, this year's data will play a key role in identifying the most influential and highly regarded firms and individuals in the equity market today."
In a post-MiFID II world, the significance of Extel rankings will increase. Why?:
- Sell-side firms and analysts will be looking to differentiate and in order to stand out, must deliver high-quality research and position themselves as a thought leader.
- Buy-side firms will look for the highest quality advice and research, as costs become transparent. Identifying the top, most recognized providers will be a key priority.
- Likewise, Corporates, who do not fall under the requirements of the regulation, will be directly impacted, and IROs will face increased pressure to ensure their teams promote and distribute their message in the most effective way.
Bottom line, all three sides of the investment community need to work smarter and interact in new ways. Rankings will not only influence these interactions, but also play a key role in demonstrating value; hence the increase in Extel 2017 participation.
Extel's parent company, WeConvene, understands this evolving landscape and is uniquely positioned to help address these challenges.
Recognizing investors continue to rank corporate access, analyst marketing and conferences as the most highly valued service*, the WeConvene platform connects all three sides of the investment community on a centralized online platform. Automated workflows enable direct collaboration to promote, manage, and track all interactions efficiently in a MiFID regulated environment and without disintermediation.
Extel 2017 results will be announced on June 7th 2017.
WeConvene is a global and truly independent web based platform that automates corporate access consumption and evaluation for the buy-side and sell-side. Extel, 100% owned by WeConvene, is the largest independent survey of buy-side, sell-side, and IR teams. For more information, visit www.weconvene.com, or www.extelsurveys.com.
WeConvene Sarah Linfootsarah@weconvene.com
*Source: Greenwich associates, Integrity Research
SOURCE: WeConvene Limited
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