Thursday, July 12, 2018 Stamford, CT USA — Leveraging a powerful combination of some of the market’s highest-rated research content and a top-quality platform for both high-touch and low-touch trading, RBC Capital Markets has secured its position as the leading Canadian equities broker.
RBC Capital Markets tops the list of 2018 Greenwich Share Leaders in Canadian Equities Trading and Research/Advisory Services. In trading, RBC is followed by BMO Capital Markets, which boosted its own sales trading and liquidity provision to retain its No. 2 position overall, followed by Scotiabank, CIBC and then TD Securities. On the list of Greenwich Share Leaders in Canadian Equity Research/Advisory Vote Share, Scotiabank continued to boost its client offerings and now ranks second over BMO Capital Markets, with TD Securities and CIBC rounding out the group.
“The Big Five Canadian brokers consolidated both their earned research/advisory vote and their realized trading commission share in 2018,” says Greenwich Associates Managing Director Jay Bennett. “From a revenue perspective, this was an important achievement in a year in which the total pool of institutional brokerage commission payments contracted 4%.”
Downward pressure on the commission pool has been the result of the ongoing shift into lower-cost electronic trading channels, more passive equity allocations that lessen trading volumes, and the continued shift of Canadian pension allocations away from domestic Canadian equities.
In the growing electronic trading space, ITG achieved twice the share of the second place finisher RBC Capital Markets, with CIBC placing third and Scotiabank fourth, in Canadian Equity Algo Trading Share.
2018 Greenwich Quality Leaders
BMO Capital Markets and RBC Capital Markets are the 2018 Greenwich Quality Leaders in Canadian Equity Sales Trading & Execution Service. In Canadian Equity Research Product & Analyst Service, the 2018 Greenwich Quality Leaders are BMO Capital Markets, RBC Capital Markets and Scotiabank. In Canadian Equity Electronic Trading the 2018 Quality Leader is ITG.
Click here for the full Greenwich Report and list of 2018 Greenwich Leaders in Canadian Equities.