US BROKERAGE BUSINESS SLUMPED 40% SINCE 2009 CRISIS – According to a report, “Brokers Adapt to Shrinking Equity Commissions,” by Greenwich Associates, the US institutional brokerage business is down by 40% as commissions are moving away from ‘bulge bracket brokers’ to medium sized brokers. Total US Equity had dropped from 9.7 billion to 8.4 billion, 13%, during the 12 month period to the first quarter of 2017. This drop has taken the overall institutional equity business down by 40% from its heights in 2009. The Vice President of Greenwich Associcates’ Market Structure and Technology, @Richard Johnson has said “Investors recognize the need to compensate their brokers for services like research and liquidity,” going on to say “as a result, they continue to direct trading volume to higher-priced ‘high-touch’ trades executed through broker sales traders, which remains the dominant execution channel used by buy-side traders.” #SpartanInternational