Top global brokerages
VS. SURVEY UNIVERSE*
|1||Agency||Russell Investments Implementation Services
|4||Full-service||Allen & Co.||-25.69|
|5||Agency||State Street Global Markets||-24.90|
|8||Full-service||FBR Capital Markets||-20.98|
*Transaction costs, in basis points, benchmarked against full-day volume-weighted average price, for 12 months ended June 30, 2016.
Source: Institutional Investor, "Transaction Cost Analysis Makes Leap to Bonds, Foreign Exchange" 12/20/2016. Republished with permission from Institutional Investor.