Greenwich Associates announced its 2010 Share and Quality Leaders in U.S. Institutional Equity Trading, Sales and. Research.
U.S. Equity Trading
The Greenwich Share Leaders in U.S. Equity Trading commission share for 2010 are Credit Suisse, J.P. Morgan, Bank of America Merrill Lynch, Goldman Sachs, and Morgan Stanley all of which captured market shares between 8.9% and 7.9% in institutional trading commissions for U.S. equities.
The Greenwich Quality Leaders in U.S. Equity Trading for 2010 are Barclays Capital, Credit Suisse, J.P. Morgan, and Morgan Stanley (in alphabetical order). Greenwich Quality Leaders are determined by sell-side firms scores on the Greenwich Quality Index (GQI), a normalized composite of client evaluations of the managers equity trading franchises in a variety of product and service categories.
U.S. Equity Research/Advisory Services and Small/Mid-Cap Stocks
The 2010 Greenwich Share Leaders in U.S. Equity Research/Advisory Vote Share are J.P. Morgan, Credit Suisse and Bank of America Merrill Lynch with between 11.9% to 10.3% commission-weighted share of the vote from U.S. portfolio managers. The 2010 Greenwich Quality Leaders in U.S. Equity Sales and Research Quality are Barclays Capital, Credit Suisse, J.P. Morgan, and Sanford C. Bernstein (in alphabetical order).
In U.S. Small and Mid-Cap Research/Advisory Market Penetration, the 2010 Greenwich Share Leader is Robert W. Baird and the 2010 Greenwich Quality Leaders for U.S. Sales Quality Small and Mid-Cap Equities are Raymond James, Robert W. Baird and Stifel Nicolaus (in alphabetical order).
The global financial crisis had a profound impact on the competitive landscape of most financial businesses and U.S. equity trading, sales and research was no exception, notes Greenwich Associates consultant Jay Bennett. The ultimate consequences of the collapse of the U.S. stock market, the demise of storied investment banks and struggles of major financial institutions are still playing out. The unexpected contraction of the institutional commission pool documented in Greenwich Associates 2010 U.S. Equity Investors Study (U.S. Equity Trading Business Falling Short of Expectations in 2010) adds an additional variable to this already volatile situation.
D.C.