NYSE Group, Inc. (NYSE: NYX) today announced that New York Stock Exchange listed securities have been ranked as having the world’s lowest overall cost of trading according to the second-quarter 2006 Global Trading Cost Analysis report by Elkins/McSherry, a State Street Company providing independent transaction cost analysis. Representing a detailed examination of equity transaction costs on 60 different exchanges around the world, Elkins/McSherry has the industry’s largest collection of global trading data, providing an objective view of institutional trade executions.
“The NYSE is very pleased to lead all exchanges around the world as the lowest cost provider of transaction services for its listed companies,” said NYSE Group CEO, John A. Thain. “We will continue to be responsive to the trading community and find more ways to further strengthen our value proposition to the investors, customers and listed companies that make the NYSE the world’s largest and most liquid equities marketplace.”
“Elkins/McSherry takes great pride in developing useful and accurate reports that give institutional investors a clear understanding of the total transaction costs across today’s global trading venues,” said James Bryson, Elkins/McSherry Senior Managing Director. “Our Global Trading Cost Analysis report includes data from over 150 pension funds, investment managers, banks and brokerages with data compiled from over 700 global managers and 1000 brokers worldwide. We are focused on giving our customers valuable global benchmarks for determining their all-in trading costs with respect to a combination of commissions, fees and market impact for securities listed on all major trading venues around the world.”
Please visit http://www.elkinsmcsherry.com for more information.
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