Browsing: Soft Dollars

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US Brokers Petition SEC on Problem of Paying Cash for US Research

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 ...
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French Regulators Issue Final Commentary On MiFID II Research Unbundling

French regulators continued their campaign to isolate and displace UK regulators as the arbiters of European financial regulation by releasing commentary on the industry responses to its consultation paper on ...

Convergex Hires New UK Commission Management Head

Convergex’s Westminster Research Associates, one of the top commission aggregators in the US, hired a veteran UK salesperson to head its European commission management effort.  Westminster is hoping to expand ...

Instinet Launches MiFID II Enhancements To Its Commission Management Platform

Instinet has released new commission management capabilities designed support the new world of ring-fenced Research Payment Accounts which are distinct from the current industry practice of using broker-controlled commission pools. ...
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US Brokers Pursue Solutions to MiFID II Problem of Paying Cash For US Research

We are hearing from various sources that the Securities Industry and Financial Markets Association (SIFMA), a trade organization for the US securities industry, has had a change of heart and ...

ITG Releases US Asset Manager Poll Showing CSAs Preferred For MiFID II

Agency broker ITG released a poll of US asset managers indicating that the majority expect to unbundle research payments globally.  However, increased unbundling in the US will take the form ...
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2016 In Perspective: Regulatory Reform Of Research Has Become More Isolated

The headline regulatory events for 2016 were the research unbundling provisions of MiFID II, as UK and French regulators offered divergent views on implementation.  French regulators are aggressively seeking to ...

Research Aggregator RSRCHXchange Survey Shows Asset Managers Undecided On MiFID II Payment Process

Research distributor RSRCHXchange conducted a poll of 220 European asset managers which found that half are still unsure how they will pay for research when MiFID II comes into force ...

European Research Spending Down 16% in 2016 With Worse To Come?

Institutional cash equity commissions from traditional active investors in Europe fell 8.5% in 2016 to $3.44 billion, according to the latest Greenwich Associates survey.  The impact on research spending was ...
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Evercore ISI Sets Up Commission Management With Former Merrill Staff

Commission management veterans Bill O’Connor and Bob Nowicki have been hired by Evercore ISI to establish a commission management offering, as Evercore continues to build out its cash equities business. ...
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