Browsing: Commissions
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Blackrock Already Did What MiFID II Wants
04/07/2017
Blackrock cut the research spending of one of its largest actively managed fund by over $15 million in 2015, according to a Reuters analysis. We understand that the savings was ...
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New MiFID II Guidance Favors Hardline UK Interpretations
04/06/2017
In its latest Q&A relating to research inducements released Tuesday, the European Securities and Market Authority (ESMA) opined on some of the most controversial aspects of MiFID II’s new regulations ...
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Commcise & ITG Integrate Research Procurement Solutions
03/31/2017
A few weeks after announcing a similar integration with Convergex’s Westminster Research Associates, commission management software provider Commcise has created links with agency broker ITG’s commission management solutions. ITG is ...
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UK Asset Managers Propose Guidelines For Research Cost Disclosure
03/28/2017
The UK trade association for asset managers has proposed an industry code to standardize the disclosure of money management fees and transaction costs, including research costs mandated under MiFID II. ...
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Schroders Will Not Pay For Research From P&L
03/23/2017
In its recent earnings release, Schroders PLC, one of the UK’s largest asset managers, announced that it will be funding research payments alongside commissions under forthcoming MiFID II regulation. Peter ...
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French Asset Managers Anticipate Significant P&L Payments For Research
03/21/2017
Nearly a fifth of French asset managers are considering paying for research from their own P&L, according to a recent survey conducted by ITG, independent research provider AlphaValue and consultancy ...
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Greenwich: Hard Dollar Payments For Research Unlikely Over Next 12 Months
03/14/2017
Only 10% of US asset managers and 12% of European asset managers expect to pay for research from their own P&L in the next year, according to a new Greenwich ...
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FCA Issues Research Unbundling Warning to Asset Management Industry
03/06/2017
The UK's Financial Conduct Authority issued a news release titled “Firms continue to fail to meet our expectations on their use of dealing commission,” which seems intended to prod asset ...
Equity Commission Rates Remain Steady
03/06/2017
According to a recent Greenwich Associates study, the average cost of equity executions in the developed world remained largely unchanged in 2016, whereas ETFs are getting more expensive trade.
US Execution ...
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US Brokers Petition SEC on Problem of Paying Cash for US Research
02/28/2017
Reflecting a new sense of urgency, the Securities Industry and Financial Markets Association (SIFMA), a trade organization for the US securities industry, submitted a letter to the SEC outlining a ...