Banks and Clients Tussle Over What It Will Cost to Read Analysts
- JPMorgan, Deutsche Bank mull pricing as free research era ends
- ‘Pay as you go’ phone-style plans mulled as MiFID II comes in
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Just months before banks stop giving trading clients market research for free, they’re still locked in discussions about how much to charge.
As a European ban on bundling research with brokerage services looms, banks are sounding out asset managers and hedge funds on what they’d be prepared to pay. Money managers say they’re getting quoted $50,000 for a basic package from JPMorgan Chase & Co.’s fixed-income analysts. But no firm is allowing itself to be pinned down quite yet.