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Commission Sharing Arrangements - SHAREx
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It’s a Changing Landscape. Are you prepared?
ConvergEx is the proven, confident global partner you trust to navigate today’s evolving market structure. We have in-depth knowledge and broad expertise in recent industry developments in commission management practices — both in the United States and in the United Kingdom.
Our SHAREx® CSA model is one of the key offerings of ConvergEx’s leading-edge commission management services. SHAREx helps investment managers maximize effectiveness by separating the costs of research and execution. The model is designed to help you focus your trading and seek best execution with firms who provide meaningful order flow, while still receiving the research you want. Through SHAREx, you can reduce the number of counterparties with whom you trade and centralize the management of your research obligations.
An Ultra-Efficient, Centralized Model.
Optimal Control — With SHAREx, you value your research brokers on a cash basis, which means you have complete control over whom you do business with. The model also offers research usage anonymity so your sell-side execution counterparties will likely never know where your payments are going, how much you’re paying, and the reasons for your decisions.
A Flexible Account — SHAREx offers a centralized account for your commission dollars where you can earn credits either by trading through ConvergEx or by using our extensive WRA network of brokers. Clients can use credits to pay for eligible investment research from virtually any source, which means you can reduce the number of your trading partners without reducing the number of analysts you rely on.
Ease of Payment — SHAREx allows investment managers to apply different payment methodologies to a variety of non-core brokerage research partners, consolidating research payments with unconflicted, agency execution when you execute with ConvergEx. And reporting is on-demand, through our online, real-time InterComm® web portal.
To learn more about our Commission Sharing Arrangements, please call 212-448-6050.