2014 U.S. Equity Greenwich Share and Quality Leaders Revealed
STAMFORD, Conn.--(BUSINESS WIRE)--
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. Morgan
Stanley and Credit Suisse round out the top five with identical market
shares of 7.8%. These firms are the 2014
Greenwich Share Leaders in U.S. Equity Trading.
“In U.S. equities the main priority is getting paid for what you
deliver,” says Greenwich Associates consultant Jay
Bennett. “By maintaining their trading share in trading, some of the
bulge bracket banks are now punching above their weight class in terms
of their research presence. On the other hand, mid-sized brokers and
research specialists that are now being paid in large part through CSAs
must be careful that they are being adequately compensated for their
In the increasingly important category of U.S. Equity Algorithmic
Trading, the top position is held jointly by Credit Suisse, Goldman
Sachs and Morgan Stanley, which are used for algo trading by 60%–64% of
institutional investors. J.P. Morgan, UBS and Bank of America Merrill
Lynch round out the 2014
Greenwich Share Leaders in U.S. Equity Algorithmic Trading, tied
with market penetration scores of 48%–51%.
Citi is the clear leader in North American Portfolio Trading, with a
trading share of 10.5%, followed by three banks—Bank of America Merrill
Lynch, Goldman Sachs and Morgan Stanley—tied with shares of 9.2%–9.7%,
and then Barclays, Deutsche Bank and Credit Suisse, which are tied with
shares of 8.2%-8.6%. These firms are the 2014
Greenwich Share Leaders in U.S. Equity Portfolio Trading.
Greenwich Quality Leaders
Greenwich Associates asks institutional portfolio managers, analysts and
traders participating in our annual research program to rate the quality
of service and products they receive from individual brokers. In U.S.
Equity Research and Analyst Service, J.P. Morgan and Sanford C.
Bernstein receive top scores and are the 2014 Greenwich Quality Leaders
among institutional portfolio managers and Sanford C. Bernstein claims
that title alone among institutional analysts.
Greenwich Quality Leaders in U.S. Equity Trading are Credit Suisse,
Goldman Sachs and Morgan Stanley. The 2014
Greenwich Quality Leaders in U.S. Equity Electronic Trading are
Credit Suisse and RBC Capital Markets.
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intelligence and advisory services to the financial services industry.
We specialize in providing fact based insights and practical
recommendations to improve business results. Our data focuses on the key
metrics required for effective business management: operations
performance, service quality, sales effectiveness, share of wallet,
market share, brand, and behavioral trends. We are based in Stamford, CT
with additional offices in Pleasanton, CA, London, Singapore, Tokyo, and
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Source: Greenwich Associates