CSAs set for dramatic change

What is commission sharing?

Whether you call it commission sharing or unbundling, it seems a deceptively simple process - at the conceptual level at least - and yet CSAs have become the biggest single change this decade in the way that investment managers pay for services. Essentially, commission sharing is the splitting of the commission on a trade into at least two elements (traditionally denoted as execution and research) and the subsequent distribution of commission for these portions accordi