Chart 1: Distribution of Client-level Implementation Shortfall Costs for Small Cap Stocks
Chart 2: Distribution of Order-level Implementation Shortfall Costs for Small Cap Stocks
Transaction cost distributions are based on ITG Peer Group Database, which contains order-level information from approximately 180 buy-side institutions. Implementation shortfall costs are measured relative to the release to the desk and are expressed in basis points. Small Cap stocks are defined as those with a market cap between $500 million and $5 billion (USD). The above charts show the cost distribution from the 10th to 90th percentiles.
Refer to ITG Peer Analytics for information on available ITG Peer Group database based analytics.
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