Trade value continues to plummet; Nasdaq share commissions rise

Williams, Fred
May 2003
Pensions & Investments;5/12/2003, Vol. 31 Issue 10, p8
The value of institutional trading in both Nasdaq-listed and exchange-listed shares declined dramatically during 2002 among the 1,481 brokers in the Plexus broker universe.Commissions for Nasdaq-listed shares increased significantly during 2002, according to Plexus data, to an average of 3.7 cents per share, from just less than 1 cent (0.8 cents) at the end of 2001.One reason for the increase in commissions for Nasdaq shares is the ongoing shift by large Wall Street brokers to agency trading, said David Hall, managing director at the Plexus Group Inc..According to Plexus, institutional brokers added a median value of five basis points to Nasdaq-listed share trades, down from 17 basis points at the end of 2001, while brokers added one basis point for NYSE-listed share trades, unchanged from 2001.


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