Analysts:
The news being fed to us here is that due to some collapsed partnerships over the past couple of months, there has been a street-wide change to the way investment research is shared/bought. I'm not sure how much truth is in this. Anyone else experiencing drastically reduced research availability?
FYI, we went from having all research to having a very limited assortment of research, with a brand new process in place by which we have to request/justify/struggle with our overseas data shop at four in the morning so that eventually, someday, they might deign to send us the report we wanted.
So is this the whole street, or is it just us? I have a feeling that it hurts us worse than most other BBs.
Come on, guys. This is one of the most serious and on-topic threads created today, and you guys would rather discuss ties? I know there are some real working analysts out there. Let's share some information here.
I am not yet a working analyst but my investment group uses Reuters Knowledge to access analyst reports. We have not experienced any change in availability.
Yeah, there's been a change at my bank. Someone said that the cost has gone up to $500 per access, but that's just a rumor. Regardless, we need approval to access reports on our system. It really sucks.
still get them all on the buyside :-)
Figures, ExGS.
Nothing on my end here...we still get limited research, but no less than before.
Ah. So some of us are feeling it and some of us are not. Will be interesting to see if it trickles down/up over the coming months.
So true...we use Thompson Analytics at my firm and it's embarassing when the client has access to research reports that we do not. Plus, the lack of research has made my life hell at times, forcing me to spend even more time data mining in my cube for one-line of information that may or may not exist..
Not to mention, that website is perhaps the worst/least convienant to use...so many bugs and the search engines continually miss things. I just love an associate and I do a full search in Thompson and look through a ton of research reports, only to have the VP find what he was looking for in five minutes. I love looking like an idiot.
Anyone else have a similar experience?
I used to get a full set of credible BB broker reports off Thomson, but it seems to be shifting towards a whole set of dodgy outfits.
These reports sell through Thomson at something like USD 7 per page to banks and a lot less to academic institutions, when I hear UBS (not on Thomson) sells them for USD 500 up to a few thousand. Granted distribution is more limited without Thomson, that's still quite a big price difference.
Thomson IBES has also been removed from BBG... the guys must be going through a rough patch.
Great. Well, let's keep a periodic conversation up about this, folks. I would like to stay informed about what's going on across the street, as research changes hit us analysts the hardest of all.
Particularly when I'm on the phone with Mumbai at four in the fricking morning trying to prove that yes, I really do need the research, and yes, I do know how much it costs.
Yea the MarketsPro consortium: MS, ML, Citi, JPM, UBS, Lehman
Is being somewhat disbanded as research is deemed to be too cheap.
Thomson research has some Bulge, but it's mostly the one-off shops like, CIBC, Baird, Jefferies. At MS we only use Bulge research unless there is no coverage.
Gonna be a bitch.
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