Equities Brokerage Commissions Decline for Eighth Year in a Row

[kreslik.news]

Greenwich Associates, a market intelligence and advisory services firm, released a report today that showed equities brokerage commissions dropped for the eighth consecutive year. The firm noted that the impact of MiFID II and technological developments were largely responsible for the continuing decline.

Commenting on the results of the report, Richard Johnson, Vice President of Greenwich Associates Market Structure and Technology, said: “Looking forward, the buy side expects to reduce reliance on investment bank research even further, looking instead to boutique research firms and emerging technology-driven solutions. These changes will certainly not alleviate the pressure on bank equity trading ... (read more)