Many commentators realise that the traditional institutional broking model is no longer sustainable. However, the reduction in the quantity of non-corporate coverage that has already occurred, even before MiFID2 comes into effect, will still come as a shock. The evidence shows that there is no commercial sense in brokers covering non-corporate companies with less that £200,000 daily turnover in their shares.
03 Oct 2016
The Monthly
Abzena (ABZA:LON), 0 | Allergy Therapeutics plc (AGY:LON), 2.8 | Arbuthnot Banking Group PLC (ARBB:LON), 1,065 | Burford Capital Limited (BUR:LON), 1,206 | City of London Investment Group PLC (CLIG:LON), 325 | Software Circle PLC (SFT:LON), 19.0 | Lombard Risk Management (LRM:LON), 0 | Murgitroyd Group (MUR:LON), 0 | PPHE Hotel Group Limited (PPH:LON), 1,452 | Primary Health Properties PLC (PHP:LON), 93.0 | R.E.A. Holdings plc (RE:LON), 70.5 | Redx Pharma Plc (REDX:LON), 12.2 | Scancell Holdings Plc (SCLP:LON), 9.6 | Tissue Regenix Group plc (TRX:LON), 61.5 | Titon Holdings Plc (TON:LON), 85.0 | United Cacao Ltd Sezc (CHOC:LON), 0 | Advanced Oncotherapy Plc (AVO:LON), 1.9 | Avacta Group PLC (AVCT:LON), 44.8 | Tethys Oil AB (0A1V:LON), 4,800 | Verona Pharma plc Sponsored ADR (VRNA:NAS), 0
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The Monthly
Abzena (ABZA:LON), 0 | Allergy Therapeutics plc (AGY:LON), 2.8 | Arbuthnot Banking Group PLC (ARBB:LON), 1,065 | Burford Capital Limited (BUR:LON), 1,206 | City of London Investment Group PLC (CLIG:LON), 325 | Software Circle PLC (SFT:LON), 19.0 | Lombard Risk Management (LRM:LON), 0 | Murgitroyd Group (MUR:LON), 0 | PPHE Hotel Group Limited (PPH:LON), 1,452 | Primary Health Properties PLC (PHP:LON), 93.0 | R.E.A. Holdings plc (RE:LON), 70.5 | Redx Pharma Plc (REDX:LON), 12.2 | Scancell Holdings Plc (SCLP:LON), 9.6 | Tissue Regenix Group plc (TRX:LON), 61.5 | Titon Holdings Plc (TON:LON), 85.0 | United Cacao Ltd Sezc (CHOC:LON), 0 | Advanced Oncotherapy Plc (AVO:LON), 1.9 | Avacta Group PLC (AVCT:LON), 44.8 | Tethys Oil AB (0A1V:LON), 4,800 | Verona Pharma plc Sponsored ADR (VRNA:NAS), 0
- Published:
03 Oct 2016 -
Author:
Jason Street -
Pages:
36
Many commentators realise that the traditional institutional broking model is no longer sustainable. However, the reduction in the quantity of non-corporate coverage that has already occurred, even before MiFID2 comes into effect, will still come as a shock. The evidence shows that there is no commercial sense in brokers covering non-corporate companies with less that £200,000 daily turnover in their shares.