Press Releases

Regulations Fail to Democratize Interest-Rate Trading

August 6, 2014

A new study based on 1,067 interviews with North American institutional investors from Greenwich Associates concludes that regulators are unlikely to achieve their goal of creating a fixed-income market that is less dependent on a few massive banks.

Asian Institutional Investment Assets Grow 13%

August 4, 2014

Assets held by Asian institutions (excluding Japan) grew 13% from Q1 2013 to Q1 2014, according to new research from Greenwich Associates.

Low Rates And New Regulations Keep Market Conditions Challenging

July 22, 2014

Fixed-income dealers who thought market conditions couldn’t get any worse this year have been proven wrong. In this environment, dealers retaining scale and smaller, potentially more nimble competitors managed the best in terms of market share or gaining new customers.

The Broker Vote: How Institutions Decide Which U.S. Equity Brokers Are In, Which Are Out, And Who Gets Paid

July 9, 2014

A new report from Greenwich Associates sheds light on the process used by institutional investors to determine which U.S. equity research and providers and brokers they will use and, perhaps more importantly, how much compensation these providers will receive in the form of brokerage commission payments.

High-Touch / Execution Consulting Services And Performance-Driving Technologies Spell Opportunity For Sales Traders

June 26, 2014

Equity brokers are pricing traditional “high touch” trades as a premium service—and investors are proving themselves more than willing to pay.

Equity Commissions Fell Below Expectations, RBC Capital Markets Maintains Lead on Canadian Equity Brokers

June 24, 2014

For 12 months ended Q1 2014, the pool of Canadian equity commissions (tracked within the Greenwich Associates universe of 96 trading desks) declined about 12% from an estimated $690 million down to $605 million – well below expectations noted a year ago. 

U.S. Companies Turning to Non-Bank Providers for Credit

June 18, 2014

A notable share of U.S. small businesses and middle market companies are obtaining credit from non-bank providers. The most troubling news for banks—and possibly for regulators: nine out of 10 companies that borrowed from these alternative lenders say they’ll look to tap non-bank providers for credit again in the future.

Bank of America Merrill Lynch, Goldman Sachs, JP Morgan Top Market in U.S. Equity Trading

June 17, 2014

Bank of America Merrill Lynch, Goldman Sachs and J.P. Morgan are tied for the number-one spot among brokers, with trading shares of 8.3%–8.5% in U.S. Equity Trading for combined high-touch and low-touch cash equity commissions with U.S.-based institutions as of early Q1 2014.

Financial Reform Efforts Having Little Impact on Corporates' Use of Interest-Rate Derivatives

June 16, 2014

Regulations are having little to no impact on corporate use of, and dealer selection for, trading interest-rate derivatives, according to  research from Greenwich Associates.

Institutional Brokerage Commissions on U.S. Equity Trades Notches First Growth in Five Years

June 4, 2014

For the first time in five years, the total amount of commissions paid by institutional investors to brokers on trades of U.S. equities increased from 2013 to 2014, according to a series of new research reports from Greenwich Associates.