Pavilion Global Markets cited as most cost-efficient U.S. equity Broker in Pension & Investments' tradewatch
MONTREAL, March 12, 2015 /PRNewswire/ - Agency-only broker, Pavilion Global Markets, ranked No. 1 among brokers trading U.S. equities in a study of 2014 transaction cost data, conducted by Elkins/McSherry.
The results, published in Pension & Investments, show Pavilion Global Markets with the lowest
U.S. equity transaction costs compared to the Elkins/McSherry Arrival Price Universe. Pavilion's costs are more than 25 basis points lower than the closest competitor.
For global equities, Pavilion Global Markets ranked No 7, posting transaction costs more than 14 basis points lower than the universe of brokers.
"Since 1968, our goal has been to deliver best execution trading to our institutional clients," said Patrick Belland, President & Managing Director of Pavilion Global Markets. "To do this, we leverage technology and rely on our team of skilled traders, sales professionals and operations team. This combination has led to several consecutive years of efficient execution and high broker rankings."
| Global brokers |
U.S. brokers |
||||
| (Int'l equity broker executions) |
(U.S. equity broker executions) |
||||
| Rank |
Broker |
Difference |
Rank |
Broker |
Difference |
| 1 |
Liquidnet |
-47.87 |
1 |
Pavilion Global Markets |
-50.81 |
| 2 |
Kepler Cheuvreux |
-27.16 |
2 |
Weeden |
-24.14 |
| 3 |
Deutsche Bank |
-23.54 |
3 |
UBS |
-23.11 |
| 4 |
Sanford C. Bernstein |
-20.54 |
4 |
Agency Trading Grp. |
-21.4 |
| 5 |
J.P. Morgan |
-19.33 |
5 |
William Blair |
-19.8 |
| 6 |
BofA Merrill Lynch |
-16.05 |
6 |
Guzman |
-15.53 |
| 7 |
Pavilion Global Markets |
-14.09 |
7 |
Russell Impl. Svcs. |
-14.93 |
| 8 |
Morgan Stanley(MS) |
-13.66 |
8 |
Oppenheimer |
-13.81 |
| 9 |
UBS |
-12.94 |
9 |
Liquidnet |
-12.54 |
| 10 |
Instinet |
-6.61 |
10 |
Morgan Stanley |
-12.14 |
| Ranked by difference in cost/savings against the Elkins/McSherry Arrival Price universe, based on the top 50 brokers in each category by U.S. dollar volume. Rolling four-quarter data as of Dec. 31, 2014. Source: Elkins/McSherry, a State Street company. Published in Pension & Investments March 9, 2015. |
About Pavilion Global Markets Ltd.
Pavilion Global Markets offers securities trading, global macro research and transition management services to institutional investors. With roots going back almost 50 years, Pavilion brings industry-recognized capabilities to a broad range of clients, including specialized global macro research and analysis, a top-ranked global trading desk and state-of-the-art technology to help institutional clients worldwide excel in capital markets. Pavilion Global Markets, Member of CIPF and SIPC, is a subsidiary of Pavilion Financial Corporation, an employee-owned, diversified global investment services firm that provides leading investment expertise and implementation support to help institutional clients and other investors preserve and enhance their assets. For further information, visit www.pavilioncorp.com/global-markets/.
SOURCE Pavilion Global Markets
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