Executive Summary

This report provides detailed information from investors in U.S. Small/Mid-Cap Equities in the United States, including helpful benchmark data such as:

  • Annual U.S. cash equity commissions
  • Commission related to small/mid-cap equitiestrading services
  • Commission allocation for research & advisory and sales trading services
  • Commission rates: All-In blended, high-touch, algorithmic and crossing rates
Methodology

From November 2015 to February 2016 Greenwich Associates interviewed 320 buy-side U.S. equity traders and 222 U.S. equity portfolio managers about the U.S. equity business.