Executive Summary
This report provides detailed information from investors in U.S. Equities in the United States, including helpful benchmark data such as:
- Annual U.S. cash equity commissions
- Commission allocation for research & advisory and sales trading services
- Commission allocation for specific research & advisory services
- Commission rates: All-In blended, high-touch, algorithmic and crossing rates
Research is based on personal interviews conducted from November 2013 through February 2014 with 225 equity portfolio managers and 316 equity traders. The data in this report is based upon aggregated results from individuals participating in the study. Buy-side institutional investors were asked to provide quantitative and qualitative evaluations of the brokers they use for U.S. Equities as well as detailed information on important market trends like commission rates, commission allocation, fund performance, and number of brokers used.