U.S. buy-side commission pool plummets as MiFID II and rise of passive investing bites

U.S. buy-side commission pool plummets as MiFID II and rise of passive investing bites

By Hayley McDowell
August 2, 2019, The Trade

The rise of passive investing and research unbundling under MiFID II in Europe has hit institutional equities in the U.S., with research showing that buy-side firms have significantly reduced their commission pool over the last few years.

According to TABB Group, which spoke with almost 100 asset management trading heads, investment managers have reduced their U.S. commission pool by 42% since peaks in 2015, and 27% since 2017.

full article