Buy-side firms reject EMS brokerage charges


EMSs connect users to multiple sources of liquidity – but how they charge for the service is contentious

Leading buy-side firms are calling time on the brokerage charging models used by some liquidity aggregators, joining dealers in a growing protest.

In at least two cases, buy-side users of an aggregator have been able to push the vendor into applying an annual licence fee instead of per-trade charges.

“There has always been a lot of contention around the way in which EMS and platform fees are charged,” says Ken Monahan, senior analyst on the market structure and technology team at Greenwich

You are currently unable to copy this content. Please contact [email protected] to find out more.

Leave A Reply

Your email address will not be published.