Absolute Strategy Research Limited is a specialist financial consultancy that is dedicated to providing high quality macroeconomic, equity strategy and asset allocation research and advice to institutional investors around the world. As well as publishing regular investment strategy products, the firm also undertakes bespoke consultancy projects, and has an acknowledged expertise in the field of financial surveys. Contacts: Ian Harnett & David Bowers ianh@absolute-strategy.com davidb@absolute-strategy.com

Alphavalue is Europe’s leading research provider of pan-European equity research. AlphaValue provides fundamental analysis based upon exhaustive and homogeneous research, which allows us to compare stocks geographically, sector-wise and thematically. For doing so, AlphaValue has developed a proprietary methodology which is applied to listed companies, and which is based on a consistent process. The breadth of coverage – about 500 European companies - across 130 sectors and 17 countries, allows AlphaValue to provide insight on markets & sectors and highlight the best investment in Europe. Alphavalue's research is accessible only on a secure, subscription basis to Institutional Clients

Arete is a leading independent provider of equity research, specialising in the global technology, telecoms and alternative energy sectors. Founded in early 2000, Arete was the pioneer in independent research.

Autonomous Research LLP aims to be Europe’s leading independent research provider on banking and insurance companies. Our team has unrivalled industry knowledge, with over 180 years coverage of financial institutions. Our people have a proven track record of generating ideas and helping our institutional clients out-perform. This is evidenced by numerous industry awards over many years. We are 100% free from external control and constraint. We are a partnership owned by the staff – there are no outside investors. We will never offer investment banking services nor will we ever engage in proprietary trading activities. So we will be fully focused at all times upon servicing our institutional clients’ needs At Autonomous we are committed to excellence in research. Our teamwork will allow us to offer unique insights. We will search for the best ideas both across sectors – banks and insurers – and across asset classes – equity and credit.

CFRA research analyses financial and accounting risk within companies and industries in Europe, North America and Asia. Our teams of analysts identify and produce in-depth research on companies that use aggressive accounting techniques to present a misleading picture of their financial or operational health, or where accounting analysis suggests underappreciated operational or financial risks. Founded as the Center for Financial Research & Analysis in 1994, CFRA is a global independent research business that provides high-value financial research and solutions to institutional investors, underwriters, and other financial institutions. CFRA is the recognized leader in Forensic Accounting Research and develops unique exception-based research products that help clients sift through the noise and assess the quality of inputs into their models and processes. CFRA research is delivered by Institutional Shareholder Services Inc. (“ISS”). ISS is an indirect wholly-owned subsidiary of MSCI Inc. (“MSCI”).

CreditSights was founded by a group of analysts in September 2000, and the firm has grown from 8 original employees to over 120 worldwide. It has been recognized multiple times as the top independent credit research provider by Credit Magazines in the US and Europe. With it’s main offices in New York, London and New Delhi, CreditSights is purely a research firm and does not underwrite securities or manage assets. It’s research is distributed as a password-protected subscription service, and it has 950 institutional clients based in the US, Europe, Middle East, Asia and Australia. It’s active coverage universe includes over 700 of the most widely-traded names across 40 industries. CreditSights is authorised and regulated by the FSA UK.

DayByDay is a group of independent research boutiques chasing performance for their clients by all means. Analysts work as a group to offer a committed global macro perspective completed by regular sector and stock strategies. Ideas maybe generated by fundamentals or technicals, we will sometimes be trend followers, sometimes contrarian. We track all recommendations, and are proud to offer a regular positive performance. We promise you short reports, bold ideas, clear and updated strategies.

Emerisk is the leading independent intelligence provider in emerging and frontier markets. Emerisk’s Emerge 365 analytical reports provide essential information on internal stability, business disruptions and the continuity of governance in emerging and frontier economies. The website reports gives clarity and focus to countries where the business rules may be skewed against external investors due to changes in government planning and the active utilization of state agencies. Emerisk qualitative due diligence services afford an unparalleled insight into markets where information is scarce, assisting clients in establishing their exposure to reputational risk.

Financiele Diensten Amsterdam (FDA) has been providing investment advice based on a combination of independent equity research and macroeconomics analysis to institutional investors since 1986. Our on-line research system covers about 400 listed companies, news and price developments of which we follow with a team of over twenty analysts. Within this universe we provide detailed coverage and corporate responsibility analysis for about 180 international blue chips with a focus on European and the US stocks across 12 sectors. FDA is completely independent and free of potential conflicts of interests. Our customers pay directly for our advice and research. We do not have a brokerage arm or derive any revenue from the transactions of our clients. Neither do we have any business relationships with the companies that we cover. Moreover, FDA analysts are under contractual obligations not to hold personal positions in individual equities.

GrahamBishop.com was founded in July 2000 to provide insights into the financial markets of Europe. Our weekly newsletters provide a summary of events if that week. Their breadth runs far beyond "Brussels" including Member States and other G20 countries. In addition to our extensive website and newsletter we offer members face to face debates at our European Finance Forum and our monthly Brussels for Breakfast meetings. Our Webinars allow clients to log on anywhere in the world to be part of our monthly discussions, joining Graham and our outstanding co-hosts to debate the recent developments. We provide an online CPD education package where professionals can keep up with the pace and breadth of changes following the recent financial crisis.

IDMidCaps was established in 2000 and is the French Leader in Independent Research on small and mid cap firms. Our business model is based on the sale of our service to institutional clients. This business model prevents us from any conflict of interest and our research is totally independent. We do not get any payment from the companies we analyze. Our product is aimed at institutional clients: asset management companies, brokers, venture capital companies, M&A bureaus. Via the website, our customers have access to an easy to use platform offering company profiles, news, fundamental financial analysis, historical data and forecast earnings, as well as peer groups and screening tools. We provide unbiased analysis through disciplined processes in compliance with laws and ethics. The research is produced by competent analysts with skill, care and integrity and it reflects the opinion of the author.

Independent Strategy adds value to its clients by seeking out investment themes and opportunities, often challenging conventional wisdom. Independent Strategy means just that. Our research is based on a thoroughly objective view of the world as it is, not as some might like it to be seen. The characteristics of the research are independence of thought and a determination to focus only on money making ideas. This results in a totally fresh and original approach compared with the overwhelming volume of reports by brokerage houses.

www.investors-routemap.co.uk is a global asset allocation system and fund selection service for individual and institutional investors. The decade-long track record of out- performance by its recommendations on paper has been validated in practice by pension and ETF funds. Every month it generates unambiguous year-ahead recommendations on the government bond, foreign exchange and stock markets of 50 countries and regions as well as a wide range of investing styles and economic sectors in the Euro-Zone, Japan, UK and US. It combines a wide range of proprietary quantitative strategies which include econometric modelling, investor sentiment, technical analysis and valuation ratios. Recommendations on 1000+ ETF are based on the future prospects of their mandates rather than the past performance of their managers.

LCE RISK Limited is a Capital Markets Products Development Company focussing on the transition to the Low Carbon Economy and its impact on the commercial activities of 64,000 publicly listed companies.

Incorporated in July 2002, New Constructs is an independent publisher of investment research that provides clients with consulting, advisory and research services. We specialize in quality-of-earnings, forensic accounting and discounted cash flow valuation analyses for all U.S. public companies. Our patented Research Platform for reversing accounting distortions and discounted cash flow analysis leverages data from the Financial Footnotes to deliver research of unrivaled quality and accuracy. Visit the Free Archive to download samples of our research. New Constructs is also a BBB accredited business and a member of the Investorside Research Association.

New Street Research LLP is an independent research firm, specialising in producing equity and debt research in the pan European telecom services and cable sectors. We offer a fresh approach to research. Our work is independent and conflict free, idea driven, and firmly focused on fundamentals and valuation. We produce no maintenance research, writing only when we think we can add value. Our principal aim is to assist our clients' investment decision making process. We have no business activities that conflict with our promise of independent research.

Northfield is a market leader in providing investment professionals analytical and operating efficiency tools to enhance individual portfolio and firm-wide performance. Founded in 1985, Northfield has developed open, analytical models to identify, measure and control risk. These risk models cover most marketable securities traded world-wide. Based upon sound investment theory, Northfield’s products and services have stood the test of time from users within the global institutional investment community. With over 250 clients worldwide with offices in Boston, London and Tokyo, Northfield strives to be a preferred partner for institutional investors and asset managers.

Phases & Cycles is one of North America’s leading providers of independent investment research. Since 1990, we have furnished our clients with clear and concise technically oriented information on the major New York, Toronto and London Indices and over 400 U.S. and Canadian equities. Phases & Cycles supplies its reports to over 100 companies across North America and the UK. The research is based on technical, cyclical and sentiment indicators and the over 35 years of experience of its Founder. Publications include: Market Comments that address the direction of the Sectors and the Indices; Clear and concise stock report on over 400 U.S. and Canadian equities; List of Trade and Investment Ideas, which keep track of current and past recommendations; and our TOP 60™ and TOP 100® portfolios, that selects the best candidates among the S&P/TSX 60 and the S&P 500 Indices.

Radios is a global provider of advanced equity valuation analytics and software for investment managers, research analysts, corporate finance and corporate development professionals. With its ValueSimulator™ software suite Radios enables investment professionals to conduct all financial analysis within a single integrated framework while using existing data feeds from ThomsonReuters, Factset and Bloomberg or proprietary excel spreadsheets. Based in London and Frankfurt a team of senior finance, equity research and information technology professionals designs state-of-the-art technologies based on an ongoing research involving leading theorists and capital markets experts.

Seven Days Ahead sells trading technical and fundamental trading information to banks, hedge funds and the wider community of expert private investors around the world. Our subscription-based publications cover all major FX markets, bonds, currencies, commodities and stock indices worldwide. Authorised and regulated by the UK's FSA we pride ourselves on independence and rigour derived from our analysts' many years trading experience.

Stockcube is one of the world’s leading providers of independent financial research. Our analytical services have been used by institutional and private clients for over forty years and cover all investment classes including stocks, bonds, mutual funds, currencies and commodities. We bring together a broad range of analytical and technical disciplines. Our indicators and techniques are recognised as industry standard and used by investors across the globe.

The Idea Driven Equities Analyses company (“the IDEA!”) is an employee-owned research boutique that was founded in 2007. The company provides idea-driven and bespoke research on the Dutch market to a restricted group of investment professionals. Because of it’s focus, the company has the same priority as it’s clients: good ideas that bring performance. The IDEA! refrains from any corporate business in order to guarantee it’s independent voice. The combination of independent research, in-depth knowledge of the Dutch market and entrepreneurial spirit make the IDEA! an ideal sparring partner when investing in the Netherlands.

TRADING CENTRAL is a leading investment research provider to financial market professionals. Our technical strategies cover equity, index, fixed-income, forex and commodities markets. Our market depth and knowledge is attributed to our acquired experience on trading floors of many banking institutions. Technical analysis is our core business. Our award-winning methodology is backed by time-tested indicators. Our chartist and mathematical approaches match requirements of various investment styles, from intraday trading to swing trading and long term investments. Leading financial institutions rely upon our expertise and added value: TRADING CENTRAL currently serves most out of the 50 largest investment banks worldwide.