Browsing: Commissions

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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 ...

US Equity Commissions Fell Slightly According To Latest Greenwich Survey

US equity commissions fell 1% for the 12 months ended mid-February 2016, according to the latest Greenwich Associates’ North American Equity survey.  Commissions fell to an estimated $9.65 billion for ...
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Will Brexit Derail MiFID II In UK?

Now that the UK has voted to leave the European Union, will UK-based asset managers be exempted from implementing the MiFID II provisions unbundling research payments from execution?  The answer ...

Commcise and Fidessa Partner Solution To Make CSAs Viable For MiFID II

Commission management software provider Commcise has partnered with trading systems provider Fidessa group to facilitate the use of commission sharing agreements (CSAs) to implement newly required Research Payment Accounts mandated ...
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French Regulators Seek To Be First To Interpret MiFID II Delegated Acts

French regulators attending a recent conference in Paris said they intend to release a consultation document on research payment reforms under MiFID II this summer, before UK regulators release their ...

Q&A With Tom Conigliaro: More Asset Managers Will Pay For Research Out of Pocket

This is the first installment of two-part Q&A with Tom Conigliaro, Managing Director of Trading Services at Markit, who manages the firm’s commission management offerings including Markit Calendar, Vote and ...

Castine Consulting Partners With MPI Europe For MiFID II Implementation

FinTech firm Castine Consulting partnered with IT consultant MPI Europe to market its MiFID II software in Europe.  MPI Europe’s role will to be to implement the Castine research procurement ...

UK Regulator Conducts Commissions Review: Signal of Tough Stance on Unbundling?

The UK Financial Conduct Authority has been conducting a review of UK asset managers’ commission management practices in advance of issuing new guidelines under MiFID II, according to an article ...

US Federal Court Penalizes Former Hedge Fund $1.4 million for Soft Dollar Abuses

A federal district court granted summary judgment against a former Minnesota hedge fund, its CEO and COO for using bogus soft dollar commissions to pay for employee salaries and for ...
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