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
  • U.S. Equity trading dollar volume executed high-touch vs electronic channels
  • Channel usage
  • Commission rates: algorithmic/smart-order routing trades, crossing network trades
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.