NYSE-listed issues have world's lowest all-in trading costs: Elkins/McSherry

By: Ray Pellecchia

File Under: NYSE

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Here's a little deja vu for your Monday morning. A year ago tomorrow, I posted The winner and still champeen, about NYSE's having the lowest trading costs among U.S. markets in Elkins/McSherry's 2005 survey of all-in transaction costs.

The E/M 2006 survey is now out, and it finds that NYSE-listed issues have the lowest all-in trading costs worldwide. It also finds that costs for NYSE-listed issues are 14 percent lower than those for Nasdaq issues. Here's a news release on the subject. Excerpt:

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."

For more information, here are links to our NYSE Market Quality page, and Elkins/McSherry's Web site.

Tags: New York Stock Exchange, Hybrid Market, NYSE, NYSE Group, NYX,
trading, stock market, Elkins/McSherry, trading costs, Nasdaq