Asian managers are overpaying for trading: ITG
The research brokerage finds higher commission rates often result in poorer execution performance, and urges buy-side firms to improve their understanding of trading costs.
ITG is urging Asian fund managers to improve their comprehension of e-trading costs to save money and thereby increase returns, arguing that many overpay relative to execution performance.
The agency research brokerage studied over $1.3 trillion of Asia-Pacific buy-side trading activity from January 2009 to end-June 2010 to determine the relationship between trading performance and commissions paid.
It found that buy-side firms often pay more not only on the higher visible cost of com…
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