National Research Exchange, which acts as a neutral intermediary for equity research, opened today, according to David Weild IV, founder and CEO. The company conducts contract negotiations, monitors fulfillment and provides a platform for addressing disputes.
"We're an opt-in member organization for people who want to do the right thing and who want to be recognized for doing the right thing," Mr. Weild said in an interview. The National Research Exchange can help buy-side and sell-side institutions, as well as publicly traded companies, avoid conflicts of interest arising out of the equity research business, he said.
"Our core competency is conflict mitigation," he said. "We've developed a whole series of interesting and effective low-cost ways of mitigating conflicts" in equity research.
