Commission sharing agreements to be implemented in the UK, Europe
Cogent Consulting and MPI Europe, a financial sector consultancy, have developed a strategic partnership intended to help institutional brokerage and investment managers in Europe implement and manage commission sharing agreements.
Under the agreement, MPI is expected to implement Cogent’s CSA Trak and CSA Trak BD services for buy and sell side firms in the UK and on the continent. CSA Trak is a platform for helping institutional brokers and their clients manage commission sharing agreements (CSAs). Cogent said that CSA Trak turns the complexity of setting up these arrangements with a large number of sell and buy side accounts into a simple web-based system that is expected to be as easy as using an online banking account.
John Cant, managing director of MPI Europe, said: We found CSA Trak represented the best choice for our client. It was the most robust, flexible, easy to use and cost-efficient solution. Also the platform is tried and tested – we found that a growing number of broker and asset management firms have been using it over the last two years. Cogent understands the needs of institutional brokers and investment managers.