Buy-side firms reject EMS brokerage charges

Some users favour licence fee over per-trade charging – and have forced vendors to switch

tied together
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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

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

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: