JPMorgan Offers Equity Research For $10,000, Lowest Price Yet

When news of research costs tied to new mifid ii regulations was initially leaked, it caused gasps among certain market participants. $455,000 was one opening bid for an entire bank’s research library, but if you want to speak with an analyst that might cost an extra $5,000 per hour, with some analysts pricing time at $10,000 per phone call. While this grabbed the headlines, it also garnered snickers. With only 1% of research actually read, could hedge funds and institutional investors justify such costs? With the cost high, others wondered if they might be able to pick and only pay for those…