Executive Summary
This report provides detailed information from U.S.-based equity investors with respect to commission management programs including helpful benchmark data such as:
- Use of external aggregators for third-party payments
- Proportion of commission management program trading volume executed via electronic trades
- Total equity spend for execution and research/advisory services
- U.S. equity commission rate
This report provides detailed information on equity products according to U.S.-based equity investors with respect to commission management programs. Research is based on in-person and telephone interviews with 151 U.S. equity investors in the 2019 Study. The data in this report is based upon aggregated results from individuals participating in the study.