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The New York Stock Exchange (NYSE) once again has the world’s lowest overall cost of trading, according to the first-quarter 2007 Global Trading Cost Analysis report by Elkins/McSherry.
Representing a detailed examination of equity transaction costs on 60 different exchanges around the world, Elkins/McSherry, a State Street company providing independent transaction cost analysis, has the industry’s largest collection of global trading data, providing an objective view of institutional trade executions.
The latest Elkins/McSherry study finds that overall trading costs on the NYSE, a subsidiary of NYSE Euronext (NYSE Euronext: NYX), further improved from fourth-quarter 2006, when the NYSE also ranked no. 1. In first-quarter 2007, all-in trading costs on the NYSE dropped to 15.06 basis points, from 16.32 basis points in fourth-quarter 2006. The NYSE also topped the rankings in all four quarters of 2006.
“The NYSE’s status as the world’s the lowest-cost provider of transaction services is a clear advantage for our customers, particularly our listed companies, investors and order flow providers,” said NYSE Euronext CEO John A. Thain. “This data illustrates that all-in trading costs on the NYSE continue to decline further as we work to strengthen our market and technology infrastructure.”
“With the investment community focused as ever on transaction costs, Elkins/McSherry is committed to provide detailed data reports that give institutional investors clear, transparent insight into the total transaction costs on all of the world’s major exchanges,” said James Bryson, Elkins/McSherry Senior Managing Director. “These data enable institutional investors to make meaningful comparisons of all-in trading costs across the global exchange landscape.”
Elkins McSherry updates its study of the all-in costs of trading – commission, and fees and market impact -- every quarter.
Please visit http://www.elkinsmcsherry.com for more information.
For Elkins/McSherry's Q1 2007 ranking of all-in trading costs at leading exchanges, please click on: http://www.nyse.com/pdfs/EKQ107.pdf
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $28.5 trillion/€21.5 trillion total market capitalization of listed companies and average daily trading value of approximately $123.4 billion/€92.4 billion (as of March 31, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
