Research access

L

longandshort

Hi everyone,
Now that I’m running my own shop, I’m finding it hard to get broker research. I get a few freebies on the terminal, but does anyone know if there is a good aftermarket / embargoed research platform I can pay for?

Alternatively if you have a salesperson at major bulge brackets, I would appreciate an email intro.

Thanks!
 
Morningstar I had a service. I forgot what it was called but I had it.

They had two services: a seven day delayed which was not filtered and a real time which was filtered.
 
newwurldmn said:
Morningstar I had a service. I forgot what it was called but I had it.

They had two services: a seven day delayed which was not filtered and a real time which was filtered.
More...
This gave you access to equity research on the street or morningstar's own research?
 
Analyst calls - you need to be a size customer and have multiple relationships.
Written reports - Many brokerage houses have a relationship to get them, but you are the second dog in line, and the view never changes.
Bloomberg and Reuters will have transcriptions and they often will have folks on the calls, they are also decent resources for conference announcements. Bloomberg TV and radio are pretty much free assuming you have premium cable of satellite radio coming into your desk. A bit slower than the terminal assuming they decide to cover your interest.
CNBC is pretty much a last resort unless it's a Fed agency.
Banks with a discount brokerage arm will pretty much get you transcriptions.
A lot depends on your scale.
 
You are either part of the group or you are not. Back in the day when I was a sellside market maker and later prop trader I basically was swamped with free access to all sorts of bank research. Never paid a penny in commission to any of them. I generally only paid commission to inter dealer brokers. If you don't know anyone then you won't get access. The professional market is a pure relationship game. Start to establish relationships, check out where your alumni work at.

longandshort said:
Hi everyone,
Now that I’m running my own shop, I’m finding it hard to get broker research. I get a few freebies on the terminal, but does anyone know if there is a good aftermarket / embargoed research platform I can pay for?

Alternatively if you have a salesperson at major bulge brackets, I would appreciate an email intro.

Thanks!
More...
 
longandshort said:
Hi everyone,
Now that I’m running my own shop, I’m finding it hard to get broker research. I get a few freebies on the terminal, but does anyone know if there is a good aftermarket / embargoed research platform I can pay for?

Alternatively if you have a salesperson at major bulge brackets, I would appreciate an email intro.

Thanks!
More...

Try ThomsonOne (A Refinitiv LSEG product now). You basically need to subscribe to it as a Buy-Side firm and prove that you are a Buy-Side to Refinitiv, they will unlock the embargoed sell-side & independent research for you (Which can be unlocked to Buy-side firms for no additional cost).

You will need to get the ThomsonOne IM (For Investment Management), because they have so many variants of it.

Other options are purely relationships with Sell-side firms as others mentioned here. Although I believe this won't get you a lot of valuables anyway since research in all large brokers is highly segmented and the top tier prime reports will only be available to select clients (Institutional, Wealth Managers & Wealthy Individuals). Those types of reports don't get even circulated inside the research departments or trading desks (Except few).

But I am wondering why are you looking for that? It's usually as time consuming to read such research as to actually dig it up yourself, unless you will skim quickly through those reports.
 
narafa said:
Try ThomsonOne (A Refinitiv LSEG product now). You basically need to subscribe to it as a Buy-Side firm and prove that you are a Buy-Side to Refinitiv, they will unlock the embargoed sell-side & independent research for you (Which can be unlocked to Buy-side firms for no additional cost).

You will need to get the ThomsonOne IM (For Investment Management), because they have so many variants of it.

Other options are purely relationships with Sell-side firms as others mentioned here. Although I believe this won't get you a lot of valuables anyway since research in all large brokers is highly segmented and the top tier prime reports will only be available to select clients (Institutional, Wealth Managers & Wealthy Individuals). Those types of reports don't get even circulated inside the research departments or trading desks (Except few).

But I am wondering why are you looking for that? It's usually as time consuming to read such research as to actually dig it up yourself, unless you will skim quickly through those reports.
More...

sorry! I didn’t mean Morningstar. I meant ThomsonOne. That’s where I had the subscription and then had them quote me when I left institutional finance.

they had an embargoed version which gave you access to all sellside research but 7 days late and there was a limit to the number of reports you could download. At the time they quoted me 800/month (2011). The limit was pretty high, like 200 reports/month. This subscription plan was geared toward private equity who didn’t need timely information. The standard plan required brokers to grant you access; it was about the same price.
 
To be honest I myself almost never found value in any institutional research. There are a very few I follow and they are all published by independent smaller research houses. In particular I like Ned Davis Research (Joe Kalish, Tim Hayes) and also like Gavekal Research,in particular their Macro pieces.
 
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