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Leaders in Exchange Fee Analysis The drive for transparency in financial markets performance is becoming a win-win for both company compliance and profit and loss analysis.  In a move similar to activity-based cost accounting, investment banks are scrutinizing brokerage sales schedules to assess the latent potential for margin improvement by plugging gaps and squeezing competitive price advantage by being better informed at a detailed level of current and future exchange fees. This is critical for fees data with explicit date-stamped waivers, specific holidays plus ad-hoc changes occurring alongside expected seasonal changes. The overhead carried by each company in replicating the same fees database for the industry and not necessarily coming to the same interpretation of fee schedules and thus content, creates potential commercial aberrations and risk in companies bidding for the same customer’s business. The industry needs an accepted solution complete with checks and balances that reduces cost and systemic risk through widespread use.  FOW TRADEdata has played a market leading rôle in this process for many years, working closely with leading prime brokers to establish what is now an industry accepted methodology to describe, in lowest granular format, all exchange fee elements in a relational structure that can be built up to match any combination of fee situation.