Investment Technology Group’s Peer Universe features a transaction database of nearly 11.6 million trades ($1.5 trillion) compiled solely from aggregated trade data from ITG’s Transaction Cost Peer Universe. The data are sourced directly from buy-side institutions and may include some soft dollar, CSA and other payments over and above execution-only commissions. The information presented is based on the “placement” time stamp recorded in client order management systems and encompasses four quarters of global equity trading data for the period ended June 30. Positive change in trade costs denote an increase in cost, and positive change in trade flows denotes an increase in flows. Trading costs and trade flows are calculated for theoretical portfolios using MSCI indexes as the basis for constructing these portfolios. Certain index data here are the property of MSCI. Without prior written permission of MSCI, this information and any other MSCI intellectual property may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used to create any financial instruments or products or any indexes. This information is provided on an “as is” basis, and the user of this information assumes the entire risk of any use made of this information.
Trading costs: Developed markets
Regional indexes
YOY % change
1Q 2010 trading cost (bps)
MSCI World
-27.7%
-30
MSCI North America
-24.7%
-31
MSCI EAFE
-32.7%
-28
MSCI Europe
-32.8%
-24
MSCI EMU
-47.8%
-20
MSCI Pacific
-30.3%
-38
MSCI Far East
-30.7%
-40
Country indexes
MSCI IE (Ireland)
275.9%
-48
MSCI GR (Greece)
49.5%
-138
MSCI DK (Denmark)
21.5%
-41
MSCI NO (Norway)
18.9%
-60
MSCI PT (Portugal)
18.2%
-77
MSCI HK (Hong Kong)
-59.7%
-35
MSCI AT (Austria)
-61.9%
-37
MSCI BE (Belgium)
-63.7%
-24
MSCI IT (Italy)
-65.4%
-19
MSCI ES (Spain)
-80.0%
-8
Sectors
Financials
-6.1%
-32
Resources
-22.6%
-29
Basic materials
-22.8%
-36
Industrials
-32.6%
-33
Consumer cyclical
-32.7%
-36
Consumer non-cyclical
-32.8%
-27
Telecommunication services
-34.3%
-22
Information technology
-34.8%
-26
Health
-39.5%
-24
Utilities
-52.0%
-19
Emerging markets
Regional indexes
YOY % change
1Q 2010 trading cost (bps)
MSCI EM Latin America
22.5%
-82
MSCI Eastern Europe
1.4%
-106
MSCI EM Europe
-5.9%
-87
MSCI EMFE
-17.1%
-61
MSCI Europe & Middle East
-20.7%
-87
MSCI Emerging Market
-30.5%
-66
MSCI BRIC
-39.1%
-62
MSCI EM Asia
-40.1%
-59
Country indexes
MSCI IL (Israel)
378.3%
-137
MSCI BR (Brazil)
72.3%
-86
MSCI HU (Hungary)
50.5%
-166
MSCI ZA (South Africa)
13.9%
-94
MSCI ID (Indonesia)
-6.7%
-92
MSCI TR (Turkey)
-38.3%
-70
MSCI MX (Mexico)
-46.2%
-68
MSCI MY (Malaysia)
-46.3%
-55
MSCI PL (Poland)
-63.1%
-45
MSCI IN (India)
-82.0%
-49
Sectors
Health
29.6%
-153
Consumer non-cyclical
5.8%
-95
Information technology
3.8%
-59
Resources
-6.6%
-73
Industrials
-14.2%
-79
Telecommunication services
-34.1%
-52
Consumer cyclical
-35.3%
-83
Basic materials
-45.5%
-60
Financials
-46.3%
-59
Utilities
-55.0%
-42
Trade flows: Developed markets
Regional indexes
YOY % change
MSCI Europe
1.3%
MSCI North America
1.2%
MSCI World
0.4%
MSCI EMU
0.3%
MSCI EAFE
-0.9%
MSCI Far East
-6.1%
MSCI Pacific
-7.0%
Country indexes
MSCI SE (Sweden)
38.1%
MSCI IE (Ireland)
30.6%
MSCI BE (Belgium)
15.9%
MSCI NL (Netherlands)
15.9%
MSCI AT (Austria)
6.9%
MSCI AU (Australia)
-10.9%
MSCI FI (Finland)
-14.1%
MSCI NO (Norway)
-23.7%
MSCI DK (Denmark)
-25.5%
MSCI GR (Greece)
-59.4%
Sectors
Utilities
17.7%
Consumer cyclical
5.5%
Information technology
3.5%
Consumer non-cyclical
3.4%
Resources
1.9%
Industrials
-2.0%
Financials
-2.9%
Telecommunication services
-3.3%
Basic materials
-5.2%
Health
-9.1%
Emerging markets
Regional indexes
YOY % change
MSCI BRIC
5.7%
MSCI EM Asia
2.8%
MSCI EMFE
1.3%
MSCI Emerging Market
-1.7%
MSCI EM Latin America
-6.3%
MSCI Eastern Europe
-12.9%
MSCI EM Europe
-19.9%
MSCI Europe & Middle East
-19.9%
Country indexes
MSCI PL (Poland)
26.1%
MSCI IN (India)
18.1%
MSCI ID (Indonesia)
17.2%
MSCI MY (Malaysia)
17.0%
MSCI CN (China)
11.3%
MSCI MX (Mexico)
-11.2%
MSCI ZA (South Africa)
-22.8%
MSCI TR (Turkey)
-23.0%
MSCI HU (Hungary)
-39.2%
MSCI IL (Israel)
-60.4%
Sectors
Telecommunication services
23.7%
Utilities
21.5%
Consumer non-cyclical
11.1%
Industrials
9.9%
Financials
5.0%
Consumer cyclical
-4.5%
Information technology
-9.2%
Resources
-11.0%
Basic materials
-11.9%
Health
-24.2%
The information contained herein is provided for informational purposes only. ITG does not represent that such information is accurate or complete. These materials do not provide any form of advice (investment, tax or legal). ITG and Investment Technology Group are registered trademarks or service marks of Investment Technology Group, Inc. and its subsidiaries. All other trademarks mentioned herein are the property of their respective owners. &Copy;2010 Investment Technology Group, Inc. All rights reserved. Not to be reproduced or retransmitted without permission. Compliance # 81110-30992
