Agency brokers were more favored than bulge bracket firms as the most widely used brokers for commission management services, according to a survey of 214 fund managers conducted by Integrity Research Associates

“Execution-only brokers gained market share during the financial crisis and commission management was no exception,” says Michael Mayhew, chairman of the New York-based research firm and co-author of the study released Wednesday. “The challenge will be to preserve their recently won market share as bulge bracket firms rebound.”

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