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
  • Current and expected use of Commission Management Programs
  • Proportion of commission executed via Commission Management Programs
  • Commission rates: Execution-only and tack-on 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.