Browsing: Commissions

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Eliminating The Soft Dollar Subsidy: Why The US Will Lag Europe

This is the second and concluding article of a two-part series examining the policy implications of restricting the use of client commissions to pay for research. Industry benefits Although a ...

Eliminating The Soft Dollar Subsidy

This is the first of a two-part series examining the policy implications of restricting the use of client commissions to pay for research. Recent regulatory actions in Europe have focused attention ...
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Asset Managers Issue Ultimatum To US Banks Rejecting Cash Payments

Asset manager trade associations based in the UK and the US recently approached the Securities Industry and Financial Markets Association (SIFMA) with an ultimatum for US broker-dealers: either work with ...

Greenwich: US Research Commissions Diverge From Execution

The latest Greenwich Associates survey of US equities showed commission spending at $9.65 billion, flat from last year and down 30% from 2009.  The survey indicates that US asset managers ...

European Equities Volumes Flat in First Half of 2016 According To Markit

European cash equity trading volumes were roughly flat in the first half of 2016 compared to the same period in 2015 according to Markit MSA, which collects trade data from ...
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US Department Of Labor Proposes Elimination Of Soft Dollar Disclosure

The US Department of Labor (DOL) will no longer require pension funds to disclose soft dollar expenses incurred by asset managers under a new proposal from the regulator.  The move ...
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The New Research-Less ITG Sees Research As Loser In Unbundled World

During its second quarter earnings call yesterday, execution broker ITG outlined its new strategic plan under new management.  Having divested all its research capabilities, it is investing heavily in technology ...
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Former MKM Partners Commission Management Head Moves To Fintech

The former head of commission management for MKM Partners, John McGough, has joined Castine Consulting, a software firm offering commission management tools, along with other fintech products.  MKM Partners hired ...
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US Brokers Ponder Whether To Seek Regulatory Clearance To Accept Cash Payments For Research

We are hearing from various sources that the US securities industry trade association, SIFMA, held a meeting last week to discuss whether to approach the US Securities and Exchange Commission ...
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Polls Show London Buy-Side Increasingly Paying For Research From Own Wallet

Two Bloomberg polls taken less than four months apart highlight how strongly asset manager sentiment in London has shifted from funding research with client commissions to paying for research from ...
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