Chart 1: Peer cost and spread across tick size pilot program groups
Chart 2: Peer order sizes across tick size pilot program groups
Trading costs, spreads and order sizes are based on ITG’s 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. The costs, spread and order sizes are for the initial set of U.S. small cap stocks selected for the tick size pilot program and calculated using the trades executed during the first and second quarters of 2016.
Refer to ITG Peer Analytics for information on available Peer Related Analytics.