European Broker Commissions Tank 29%

“The value of commissions paid to European brokers fell 29 percent in 2012 as equity volumes declined amid the European debt crisis, according to a study by Tabb Group LLC.

Payments dropped to 865 million euros ($1.1 billion) this year from 1.2 billion euros in 2011, according to a survey of money managers, who together oversee 13.6 trillion euros. About 45 percent of respondents said they have cut the percentage of orders they route to traditional sales-trading desks, with 66 percent switching into computer algorithms, the study found.”

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