Chart 1: Average peer cost for 1 & 2 day horizons across major markets
Chart 2: Peer cost for 2 day orders attributed to first and second day trading across countries
The ITG Peer Group Database contains order-level information from approximately 180 buy-side institutions. The trading horizon is based on trading days.
The trading costs are for orders within 30 – 50% 21-day median daily dollar volume, traded between the first and second quarter of 2016 (Peer Group Databases as of Oct. 10th 2016). Implementation shortfall costs are measured relative to the release to the desk and are expressed in basis points.
Refer to ITG Peer Analytics for information available on ITG Peer Group Analytics.