Browsing: Commissions

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2021 US Equity Commissions Jumped 25% According Bloomberg

03/02/2022
U.S. institutional equity commissions surged to $8.9 billion in 2021, the highest amount since MiFID II’s unbundling provisions impacted spending.  Demand for IPOs appeared to be a major factor in ...
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Commission Rates Fell in 2021 Despite Higher Trading Activity

02/22/2022
Higher trading volumes during 2021 were accompanied by lower commission rates in the US and Europe – but not in the UK, according to data from Virtu Financial (formerly ITG).  ...
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Survey: US Research Spending Increased 30% in 2021

02/15/2022
A buy-side survey conducted by Virtu in the fourth quarter of 2021 found that research wallets and spending grew 30% in 2021.  Since over half of the mostly US-based respondents ...
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US Equity Commissions Up 10% During Pandemic in Latest Coalition Greenwich Survey

10/19/2021
US equity commissions grew 10.3% for the 12 months ended March 2021, according to the latest Coalition Greenwich survey.  Commissions increased to $7.36 billion as of the first quarter of ...
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Confusion Abounds Regarding First Half Research Payments

06/29/2020
During the past few months, a number of conflicting developments have taken place in the research industry to create confusion regarding the likelihood of near-term research payment levels.  The following ...
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TIAA Joins Ranks of US Managers Paying for Research from P&L

05/23/2019
According to a recent article, US asset manager TIAA has joined the ranks of less than ten US asset managers that have started paying for third-party research from their P&Ls, ...
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A New Idea Enabling Assets Managers to Pay Cash for US Research

02/21/2019
According to market participants, a number of global asset managers have come up with a new way to potentially pay for research from their P&Ls in the US, despite the ...
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Despite MiFID II, UK Trading Costs Higher in Q2 2018

10/16/2018
European commission rates stabilized in the second quarter of 2018 after the initial dislocation of shifting all trading to execution-only in the first quarter of 2018 as MiFID II took ...
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SEC Issues Warning on Best Execution and Soft Dollars

07/16/2018
The SEC’s inspections unit issued a ‘Risk Alert’ summarizing the most common deficiencies pertaining to best execution and soft dollars that its staff has cited in the wake of investment ...
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Commission Rate Declines Owe More To Technology Than Regulation

06/05/2018
The Financial Times article blared “Banks and brokers suffer ‘dramatic’ fall in commissions” crediting MiFID II with saving money for asset owners, but the reality is more nuanced.  Our analysis ...
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