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Industry Report Card: Independent U.S. Brokers Performed Adequately As The Market Recovered In First-Quarter 2011 Jun 11 Product Image

Industry Report Card: Independent U.S. Brokers Performed Adequately As The Market Recovered In First-Quarter 2011 Jun 11

  • ID: 2048525
  • June 2011
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Cantor Fitzgerald L.P.
  • Charles Schwab Corp.
  • ConvergEx Group LLC
  • E*TRADE Financial Corp.
  • GFI Group Inc.
  • IBG LLC
  • MORE

Abstract
Independent U.S. brokers' performance was satisfactory in first-quarter 2011 in a generally favorable operating environment. U.S. equity markets performed well in the quarter, with the S&P 500 index up by approximately 5% and U.S. equity trade volumes also significantly up from the previous quarter. Fixed-income market conditions were also favorable, with higher volumes. Since the November 2010 election, there have been increasing signs that both retail and institutional investors have started to shake their lack of conviction and are going out on the risk-reward curve (re-risking). This has manifested itself in an increased investor appetite for equities. Interest rates remained low, which continued to result in lower asset-based revenues for many of the brokers. With markets continuing to function well,...

Companies mentioned in this report are:
- Jefferies Group Inc.
- Charles Schwab Corp.
- TD AMERITRADE Holding Corp.
- E*TRADE Financial Corp.
- IBG LLC
- Raymond James Financial Inc.
- LPL Holdings Inc.
- ConvergEx Group LLC
- MF Global Holdings Ltd.
- Cantor Fitzgerald L.P.
- Penson Worldwide Inc.
- Oppenheimer Holdings READ MORE >

Note: Product cover images may vary from those shown

- Jefferies Group Inc.
- Charles Schwab Corp.
- TD AMERITRADE Holding Corp.
- E*TRADE Financial Corp.
- IBG LLC
- Raymond James Financial Inc.
- LPL Holdings Inc.
- ConvergEx Group LLC
- MF Global Holdings Ltd.
- Cantor Fitzgerald L.P.
- Penson Worldwide Inc.
- Oppenheimer Holdings Inc.
- GFI Group Inc.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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