01.15.2025

U.S. Equity Trading Commissions Rebounded in 2024

01.15.2025
Auerbach Grayson Launches U.S. Equities Trading Business

After two years of decline, U.S. equity trading commissions rebounded in 2024, reaching $6.2 billion.

This follows a drop from $7.4 billion in 2021 to $5.4 billion in 2023. The increase is attributed to strong equity market performance, according to annual research from Crisil Coalition Greenwich with hundreds of U.S. institutional equity investors.

“The buy side is cautiously optimistic about the future,” says Jesse Forster, Senior Analyst at Crisil Coalition Greenwich Market Structure & Technology and author of U.S. equity market trends hold steady in 2024. “The recent SEC reforms and the new SEC Chair’s focus on cooperation between regulators and market participants have created a sense of renewed possibility.”

Migration Toward Electronic Trading and Automation

The U.S. equity market continued its migration toward electronic trading last year, with 44% of overall trading volume executed electronically (including algorithmic strategies and crossing networks). Managers expect electronic trading to increase to nearly half of their flow within three years, at the expense of high-touch trading, which they anticipate will account for only 39% of their flow by then.

Across the market, traders are looking for a delicate balance between technology and human touch, with high-touch sales traders still playing a crucial role in finding hard-to-find liquidity and working complex orders.

“Buy-side traders remain resolute in their dual mandate of finding liquidity for their clients while exploring opportunities for automation within their firms,” says Jesse Forster.

What’s Driving Buy-Side Commission Allocation Among Brokers?

Buy-side traders prioritize sourcing natural liquidity when selecting a broker, with 29% of the buy side and 34% of hedge funds citing it as their top consideration. For electronic trading providers, ease of use, reliability and technical support are key, with over two-thirds of buy-side traders naming these as their primary criteria.

“The buy side has long said they wish to reward brokers who consistently add real value to their day,” says Jesse Forster. “Now that the commission pool is growing again, they may finally have the means to do so.”

Source: Crisil Coalition Greenwich

Markets Media Group was pleased to host the 2025 European Women in Finance Awards last night at Claridge’s in London.
#WomeninFinance #WIF #EuropeanFinance #FinanceCommunity

See the full list of winners here: https://www.marketsmedia.com/2025-european-women-in-finance-awards-the-winners/

3

We are excited to announce the finalists for the 2025 U.S. Women in Finance Awards! Congratulations to all!

Check out the full list here:


#WomeninFinance #WIF #financeindustry

Nominations are NOW OPEN for the 2026 Women in Finance LatAm Awards! Do you know a standout leader, innovator, or rising star? Nominate her today!

Learn more & submit your nomination:

#WomeninFinance #Finance #WIF

HSBC AI Markets harnesses natural language processing to meet market participants’ trading and hedging needs, from pre-trade analysis, to execution, to post-trade. Markets Media caught up with Tom Croft to learn more about the platform.

#AIMarkets

Load More

Related articles

  1. Cybersecurity Still a Work in Progress

    A series of trading disruptions since 2020 have impacted the orderly functioning of equity markets.

  2. For the first time, investors can access both U.S. equities and digital assets in a single product.

  3. Cloud computing

    The Blue Ocean trading session overlaps significantly with Asia Pacific business hours.

  4. Customers can use their entire portfolio as collateral across spot, futures, and options.

  5. A World Federation of Exchanges paper criticized financial products "mimicking tokenized equities."

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these

Close the CTA