London, UK July 4th 2006 – CityCompass Research, the leading independent Research Company in the financial services sector, today announced that a second systems vendor has signed to the unique benchmarking B.I.S.S. (Benchmarking International Systems and Services) for MiFID functionality.
Gary Wright, Managing Director, CityCompass Research and creator of the unique business benchmarking concept said “Since we announced the first vendor to agree to be benchmarked by B.I.S.S. we have been receiving a torrent of requests for information from all types of vendor. This demonstrates the great need for vendors to have an independent assessment of their systems functionality to meet MiFID requirements. We are in advanced discussions with a number of other vendors and hope to be able to make further announcements shortly. The participating vendors will remain anonymous under the terms of the contract until the announcement is be made during SIBOS week"
