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Broker commissions battered by Mifid II

Rule changes have the intended effect, but Brexit planning and dud data overshadow the success of the updated market regulations

Broker commissions battered by Mifid II
Photo: Getty Images

European capital markets just got a $115.8m reminder that the region’s vast new trading rules are starting to hit banks and brokers where it hurts: their pockets.

According to Investment Technology Group, a New York-based broker, European commission rates paid by asset managers to brokers fell by 28% in the opening three months of 2018 versus the corresponding period a year earlier.

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