Commentary

Michael Ruvo
Traders Magazine Online News

Prevailing Market Price: Critical Issues Ahead of Deadline

In an exclusive to Traders Magazine, BondWave's CEO warns fixed income participants that they have less than two months until the May 14th deadline for the implementation of the mark-up disclosure rule and the implementation of the PMP "waterfall" approach for fixed income.

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May 25, 2007

Recapture Going Strong

By Peter Chapman

Commission recapture, despite predictions of its imminent decline, is growing at one of the top firms involved in the practice. At agency brokerage BNY ConvergEx Group, 279 new plan sponsor clients entered into its commission recapture programs in 2006, according to the firm. That's up from 217 in 2005, a 29 percent increase. That's also a record high for BNY ConvergEx's LJR Recapture Services since Lynch Jones and Ryan became part of what is now BNY ConvergEx in 2005, the firm says. "This is very encouraging news," said Todd Burns, senior managing director and division head of LJR Recapture Services.