Browsing: Commissions

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Survey: US Research Spending Increased 30% in 2021

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 ...

US Equity Commissions Up 10% During Pandemic in Latest Coalition Greenwich Survey

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 ...

Confusion Abounds Regarding First Half Research Payments

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 ...

TIAA Joins Ranks of US Managers Paying for Research from P&L

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

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

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

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 ...

Commission Rate Declines Owe More To Technology Than Regulation

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 ...

US Equity Commissions Fell 9% According To Latest Greenwich Survey

US equity commissions fell 8.9% for the 12 months ended mid-February 2018, according to the latest Greenwich Associates’ US Equity Investors survey.  Commissions fell to an estimated $7.65 billion from ...
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Research Funding Roundup: Robeco and Kempen Will Pay For Research From P&L But Invesco and BNP Paribas Will Not

BNP Paribas Asset Management, which oversees €580 billion ($672 billion), and Invesco, which manages $859 billion, have announced they will fund research payments alongside commissions, while Dutch managers Robeco, with ...
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