The Costs Comes Tumbling Down
Traders Magazine, November 2004
Trading costs have been plunging since the turn of the century, thanks to the regulators. That's what several panelists said at an Instinet/Tabb Group roundtable in New York. But why have traders become so concerned about costs? Robert Shapiro, a consultant who formerly traded for Iridian Asset Management, says regulators now pay more attention to costs. He says the scrutiny has "forced fund management companies to become much more transparent about how they conduct themselves and how they choose their brokers and how they pay their brokers."
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