Wayzata-Based Agency Trading Group Grabs #2 Ranking Amongst Industry's Top Equity Brokers

Firm Establishes Strong Foothold in Annual Institutional Investor Magazine Rankings

Feb 07, 2013, 10:00 ET from Agency Trading Group, Inc.

MINNEAPOLIS, Feb. 7, 2013 /PRNewswire/ -- For the third consecutive year, Agency Trading Group (ATG) was ranked in the top three for execution quality by Institutional Investor Magazine. In the latest report for 2012, ATG climbed the ranks one notch to the number two spot amongst all brokerage firms.

"Industry rankings are a realistic measure of our competitiveness and this year's results pack a bigger punch when you take into consideration the state of the market and the size of our operation and team," said Patrick R. Hughes, founder and CEO of Agency Trading. "We continue to focus on delivering results for our clients and finding ways to add value to their business."

The industry rankings are part of Institutional Investor Magazine's 16th annual survey of transaction costs conducted by New York-based Elkins/McSherry, a subsidiary of Boston's State Street Corp. The survey measures a firm's trading costs against the average performance of 1,400 investment managers representing 101 buy-side institutions. The data points are based on an analysis of more than 21 million trades, and more than 95 billion shares traded in US markets on a universe of 19,772 individual stocks.

ATG was founded to provide clients a customer-centric, technology-rich environment that delivers proven results. ATG has spent the last 13 years establishing partnerships with the best technology vendors in the business to access liquidity in the U.S. and Canadian equity and option markets.

"Our technology, experience and flexibility allow us to quickly and seamlessly adapt to market conditions, and in return continue to add value to our clients," said John Whitaker, president at Agency Trading Group.

All Broker types Benchmarked Against Arrival Price


Broker Type

Brokerage Firm2

Total Cost Universe Difference


Agency Only

Bloomberg Tradebook



Agency Only

Agency Trading Group



Full Service

Lazard Capital Markets LLC



Full Service

Knight Capital Group, Inc.



Agency Only

Telsey Advisory Group



Agency Only

Guzman and Company



Agency Only

Fox River Execution Solutions



Full Service

Merlin Securities (A Wells Fargo Co.)



Full Service




Agency Only




Rank is for the universe average in the 12 months, ending June 30, 2012, based on results before rounding.


Includes brokers with greater than $1.5 billion in principal traded.

SOURCE:  Institutional Investor Magazine December 2012 & Elkins/McSherry

In addition to the number two ranking in the 2012 annual Elkins McSherry results, the research group's broker universe data reported that Agency Trading Group outperforms ninety five percent of brokerages on arrival price.


Based in Wayzata, Minnesota and founded in 2003, Agency Trading Group was founded by Patrick R. Hughes. Hughes launched ATG with the goal of becoming a market leader in providing equity and credit executions for institutional investors. With relationships on the floor of every major US market and the Toronto stock exchange, Agency Trading's unique model provides customized technology coupled with experienced traders, setting them apart from other broker dealers. For more information about Agency Trading Group, visit www.agencytrading.com.

SOURCE Agency Trading Group, Inc.