PriceMetrix launches commission tool

Article Tools

Print

Email

Text size

Toronto-based PriceMetrix has announced the release of CommissionCheck, a tool that provides retail advisors and brokers/dealers with real time market comparables to help ensure their commissions on trades are properly priced.

Users can check how their proposed commission on an equity trade compares to the commission on similar trades at their firm, and across the industry.

"With a simple modification to the order entry application, we can give advisors the pricing confidence to charge appropriately for the value of their advice," says Doug Trott, PriceMetrix president and CEO.

Ultimately, CommissionCheck will help users to determine the acceptability of the commission charged — whether there is an opportunity to raise their price or to lower it.

(05/21/09)