Cheevers & Company Maintains Favorable Comparison to Elite Peer Group in 2nd Quarter Execution Analysis

CHICAGO--(BUSINESS WIRE)--Cheevers & Company, Inc., an agency-only brokerage providing execution services for a diverse range of institutional clients and asset managers in both domestic and international equities, today released its quarterly trade execution quality summary. Quantitative Services Group (QSG), a leading provider of independent global equity research and advanced trading metrics, captured the data.

QSG compared Cheevers & Company’s execution quality to the performance of other, typically larger and more recognizable agency brokers, buy-side institutions, and bulge bracket firms to create the sample. The analysis, comprised of approximately 32 billion shares bought or sold, permits comparison of executions of comparable orders and filtering for similar capitalization, liquidity, momentum and volatility characteristics.

Independent transaction cost analysis provider QSG utilizes tools to measure execution quality that incorporate and adapt to the challenges of today’s trading landscape. With the assimilation of the 2^nd quarter, Cheevers & Company’s historical data continue to outperform firms in arrival price, interval VWAP and full-day VWAP. QSG measures execution quality through extensive tick-based analysis, with a number of proprietary benchmarks including Liquidity Charge, which allows Cheevers & Company to measure their actual footprint in the name. As an agency-broker, Cheevers & Company has access to most any venue, allowing clients to trade based on their preferences.

Laura Yunger, President of Cheevers & Company, commented, “Unlike many woman or minority-owned brokerages, we provide independent 3^rd party measurements of our execution performance, which are designed to minimize our clients’ implementation costs. We hope to build on Q2’s momentum and will let the data tell the story of Cheevers & Company as an emerging brokerage out-performing firms with higher name recognition.”

The Cheevers & Company contact on this analysis:
Bernie McDevitt, VP of Institutional Trading, 312.224.7922

The QSG contact:
Jacqueline Jones, 630.637.8088 x219, [e-mail]

About Cheevers & Company, Inc.

Cheevers & Company, Inc. is an agency-only brokerage firm that provides execution services for institutional clients in both domestic and international equities. Based in Chicago, Cheevers & Company has been offering clients proven reliability in execution services through their experience, innovation, and performance since 1982. Their clients include major brokerage houses, investment banks, asset managers, and pension funds. In constant search for best execution, Cheevers & Company has expanded its reach to include most domestic liquidity pools, as well as international markets. Cheevers & Company’s wide breadth of liquidity pool access and trading algorithms empowers their clients with an abundance of execution choices. Cheevers & Company is a certified Women’s Business Enterprise (WBE) and a member of FINRA, SIPC, CHX, BATS, and DirectEdge. For more information, please visit www.cheeversco.com