MONTREAL, Feb. 6, 2013 /CNW Telbec/ - For the third year in a row,
Pavilion Global Markets ranks as one of the most efficient agency-only
brokers in the world, according to Elkins/McSherry in its annual survey
of transaction costs. The survey, published in Institutional Investor magazine, looks at trading data covering 24 million transactions from
2000 brokers worldwide. Elkins/McSherry calculates the cost
differential of each broker (agency-only, full service or bulge
bracket) against the total universe.
For global equities, and for both arrival price and volume weighted
average price (VWAP), Pavilion ranked No. 6 among agency-only brokers.
In the previous two years, Pavilion Global Markets (formerly Brockhouse
Cooper), also cracked the top 10, posting transaction costs that, in
some cases, were 30 basis points lower than the Elkins/McSherry Global
Universe of trading costs.
"I'm very proud of the work we do on behalf of our clients and am
pleased with these results," said Patrick Belland, President & Managing
Director of Pavilion Global Markets. "Our cost efficiency and robust
execution capabilities help set us apart from the competition."
Jamieson Ritchie, Pavilion's Director of Global Markets Trading, said
the company's year-over-year performance is by design. "Keeping
implementation costs low has been a long-term strategic focus and the
latest results are reflective of our ongoing efforts. In a challenging
market environment, we have also focused on meeting client needs, both
with innovative research products such as our global macro strategy
research, and excellent customer service."
"These top-ranked results will be of particular interest to Pavilion's
clients who may be transitioning their portfolios", noted Mario
Choueiri, Director, Transition Management. "Best-execution trading is
key to delivering value to clients who are transitioning their
portfolios. With an independent assessment of our transaction costs
compared to other brokers, our transition clients may be confident that
they are getting very good results."
Pavilion Global Markets offers securities trading, global macro research
and transition management services to institutional investors. With
roots going back more than 40 years, Pavilion brings
industry-recognized capabilities to the table including specialized
global macro research and analysis, a top-ranked global trading desk
and state-of-the-art technology to help institutional clients worldwide
excel in the capital markets. Pavilion Global Markets, Member of CIPF
and SIPC, is a subsidiary of Pavilion Financial Corporation, a
diversified global investment services firm that provides leading
investment expertise and implementation support to help institutional
clients and other investors preserve and enhance their assets.
SOURCE: Pavilion Global Markets
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