Report
US Institutional Equity Trading Study 2025
Funds Shifting Priorities in a Dynamic Market
In today’s complex and competitive landscape, US equity market participants need more than just data – they need actionable intelligence. The Bloomberg Intelligence 2025 US Institutional Equity Trading Study provides that edge, delivering exclusive insights directly from 119 senior buyside traders.

Key takeaways:
- Commission Dynamics: Understand the forces driving the 10.3% surge in equity commissions and how this impacts broker relationships.
- The Research Imperative: Delve into why research spending has exploded by 28% and the growing influence of AI in investment analysis.
- High-Touch vs. Low-Touch: Analyze the shifting balance between high-touch and algorithmic trading and what it means for broker selection.
- Broker Wallet Share: Identify which brokers are dominating and the key factors influencing asset manager allocations.
- Market Structure & Best Execution: Navigate the complexities of market fragmentation, TCA, and the ongoing quest for best execution.
- The AI Revolution: Explore how artificial intelligence is transforming trading desks, from research to execution.
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