Trading Technology
DEPARTMENTS
Rating the Sell Side
Deutsche Asset Management is tracking broker commissions with a firm-wide Web-based rating system.
With no system of accountability in place, Deutsche Asset Management (DeAM) was vulnerable to the whims of its sell-side business partners when it came to being charged for their products and services. Indeed, the firm spent roughly $1 billion in commissions last year on behalf of its clients, a figure it wanted to lower. So in an effort to slash costs and exercise greater
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