Browsing: Commissions

Premium Exclusive

Final MiFID II Rules Released; Banks Required To Disclose Research Fees

04/07/2016
The European Commission released the Delegated Acts for MiFID II, containing new rules regarding investment research as an inducement.  The rules include a significant provision requiring investment banks to put ...
Premium Exclusive

Will Budgeting Restrict Research Spending?

04/05/2016
This is the second in a 2-part article on research budgeting. Yesterday we examined a provision in forthcoming regulation which we think will expand the use of broker voting in ...
Premium

Convergex Sees Increased Demand For Commission Aggregation Post MiFID II

03/31/2016
Convergex’s commission management unit Westminster asserts in a recent press release that reforms in MiFID II will increase use of commission aggregation platforms.  Although Convergex is talking their own book, ...
Premium

Jefferies Is First Victim Of Tough Q1 2016

03/30/2016
Anecdotally, research firms are telling us that the first quarter has been a difficult one for sales.  Although the S&P 500 is eking out a small gain for the quarter, ...
Premium Exclusive

Unintended Consequence of Basel III: Higher Execution Costs (& Lower Research Spending)

03/21/2016
Basel III's increased capital pressures on investment banks is resulting in an unexpected consequence: higher execution costs.  Informed sources in Europe are saying that reduced liquidity, especially in the small ...
Premium Exclusive

FCA Expects Final MiFID II Rules Within The Next Month

03/17/2016
UK regulator Adam Wreglesworth, the keynote speaker at a Research for Investors conference yesterday, expressed confidence that the final rules for research payments under MiFID II will be published “within ...
Premium Exclusive

Redburn Partners Targeted by Banks Post MiFID II

03/07/2016
Redburn Partners, a successful London-based independent research firm, will be in the cross-hairs of larger investment banks in the post-MiFID II environment. Not their research, which is highly regarded, but ...
Premium

UK Fund Manager Publicizes Research-Related Fees

02/29/2016
UK asset manager Legal & General Investment Management (LGIM) has publicly assigned research budgets to each of its equity funds, increasing management fees from 4 to 15 basis points depending ...
Premium Exclusive

New Study Finds Benefits In Unbundling Research From Execution

02/24/2016
A new academic study examines changes in the investment research market caused by unbundling research payments from commissions. Although the full impact of unbundling has not yet been felt, the ...
Premium

New Research Budgeting Platform Aims To Replace Broker Vote

02/23/2016
Frost Consulting, a London-based consulting firm focused on commission unbundling, launched a research budgeting platform designed to supersede the existing broker vote process. The approach represents a radical departure from ...
1 7 8 9 10 11 25