Free Site Registration

The Incredible Shrinking Brokerage List

Traders Magazine, November 2005

Nina Mehta

Broker lists are getting smaller. As commission rates continue to slide, buyside traders are paring back the number of brokers with whom they trade. The trend promises to drive stock trading into the hands of fewer and fewer very large or very specialized houses. "With commission rates coming down," says Robert Felvinci, co-head of U.S. growth equity trading at Alliance Capital Management, "the pool of commissions to pay for research and other services is getting smaller."

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?