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Executive Summary

This report provides detailed information on sales, research, and trading services according to investors located in Japan.

Graphic slides include:

  • Projected Assets Under Management in Japanese Equities
  • Projected Japanese Cash Equity Commissions
  • Proportion of Commissions Paid by Greenwich Associates Priorities
  • High – Touch Versus Electronic Mix of Japanese
  • High – Touch Versus Electronic Mix of Japanese Equity Trading Volume
  • Preferred Coverage Structure for High-Touch and Electronic Trading
  • Japanese Equity Commission Spend for Research-Advisory
  • Japanese Equity Commission Spend for Research-Advisory vs. Execution
  • Proportion of Trading Volume
  • Proportion of Japanese Equity Research-Advisory Allocation
  • Importance of Channels
  • Investment Approach to Japanese
  • Discrepancy Between Actual Spend & Vote-Determined
  • Number of Brokers Used for Japanese Reasearch-Advisory Services
  • Number of Brokers Used for Japanese Trading
  • Commission Rates for “High-Touch”
  • Use of Portfolio Trading – According to Traders
  • Mix of Agency Versus Principal Business for Portfolio Trading
  • Use of Electronic Trading via Algorithmic or Smart-Order Routing Trading
  • Use of Electronic Trading via Crossing Networks
  • Investment in Small-Mid-Cap Stocks
  • Best Relative Performing Japanese Sectors – Next 12
Methodology

Research is based on in-person interviews with 163 fund managers and 135 traders between July and September, 2014. The data in this report is based upon aggregated results from individuals participating in the study.