The debate on the ethics and business benefits of soft-commission deals, or "softing"--where a broker provides services such as research or pays for a client’s data and trading terminals in return for that client placing trade flow with the broker--gathered pace this year.
The UK’s Financial Services Authority (FSA) proposed eliminating these deals altogether, because buy-side firms pay for the services in the form of commissions, and these charges are passed on to clients. The FSA said fund
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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