This content is from: Home

All Trading Rank (AP) Brokers

All Trading Ranking: Broker - Arrival Price
International Equity Brokers
Arrival Price + Commission + Fees: 2Q-2011 to Q3-2010
International Equity Brokers vs. Elkins/McSherry Total Cost Universe
(Includes Brokers with greater than $1.5 billion in principle traded)

Rank Broker# of Countries TradedDifference Cost/Savings vs. Elkins Total Cost Universe (BP)
1Bloomberg Tradebook25-45.31
2Brockhouse & Cooper38-33.10
3Sanford C. Bernstein Limited33-32.72
4State Street Global Markets (SSGM)20-30.79
5Capital Institutional Services (CAPIS)12-29.15
6Cantor Fitzgerald17-24.52
7Investment Technology Group (ITG)26-21.46
8Russell Implementation Svcs.41-16.87
9CIBC World Markets (CIBC)13-16.78
10Barclays33-14.50
11Bank of America - Merrill Lynch40-13.88
12Exane13-11.57
13Instinet31-9.12
14Citigroup38-7.22
15Morgan Stanley40-6.90
16RBC Capital Markets17-6.68
17Credit Suisse38-6.07
18Goldman Sachs37-4.83
19HSBC35-2.64
20UBS40-2.16

U.S. Equity Broker
Arrival Price + Commission: 2Q-2011 to Q3-2010
U.S. Equity Broker vs. Elkins/McSherry Total Cost Universe
(Includes Broker with greater than $1.5 billion in principle traded)

Rank BrokerDifference Cost/Savings vs. Elkins Total Cost Universe (BP)
1Bloomberg Tradebook-40.36
2Fox River Execution Technology, LLC-34.93
3Agency Trading Group Inc-20.18
4State Street Global Markets (SSGM)-17.97
5Knight-17.75
6Source Trading Inc-17.27
7Guzman & Company-14.19
8BNY ConvergEx Group-13.56
9Natixis Bleichroeder LLC-13.41
10Merlin Securities-11.63
11Russell Implementation Svcs.-10.70
12Sanford C. Bernstein Limited-8.72
13Brockhouse & Cooper-8.00
14Capital Institutional Services (CAPIS)-6.97
15Liquidnet-6.73
16BTIG LLC-5.90
17Jefferies & Company-4.42
18Oppenheimer & Co, Inc-4.31
19Nomura Holdings, Inc.-3.20
20The Williams Capital Group-2.98

Arrival Price: Calculated by comparing the stock price from the time received to the actual execution price (Price to Price)
Total Cost Universe International Trading: Commissions + Fees + Market Impact [Arrival Price]
Total Cost Universe U.S. Trading: Commissions + Market Impact [Arrival Price]
Savings vs. Universe: = (-)