Deep discount brokerage firm

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Deep Discount Brokerage Firm

A brokerage that offers clients no commissions and usually a flat fee for trades. Unlike most brokerages, a deep discount brokerage provides only trading services; it does not, for example, provide custody services. The idea behind a deep discount brokerage firm is that it will still make a good deal of money from the sheer volume of transactions it facilitates. See also: Discount brokerage firm.

Deep discount brokerage firm.

A financial services company that offers rock-bottom rates for large-volume securities transactions is sometimes described as a deep discount firm.

However, online brokerage firms or electronic communications networks (ECNs) may offer investors cheaper prices for even small-volume trades.

References in periodicals archive ?
ZacksTrade is an online brokerage firm that provides deep discount brokerage services to research driven investors.
com), a deep discount brokerage offering an industry leading online trading platform.
is a leader in the deep discount brokerage industry.
announced today it has signed a definitive agreement to sell BrownCo, its online deep discount brokerage business, to E*TRADE FINANCIAL for a cash purchase price of $1.
com), a leading online deep discount brokerage firm; Accutrade, Inc.
Established in 1980, Scottrade is a leader in the deep discount brokerage industry.
Brown & Company, the deep discount brokerage unit of J.
In 1988, he introduced the first quote and order entry system using a touch-tone telephone and, in 1996, he formed eBroker(R), an Internet-only brokerage firm that has grown rapidly as Internet-savvy consumers have discovered the convenience of deep discount brokerage on the web.
The company's OMS (Order Management System) software is currently being used by over 600 brokers at one large New York firm, and its Internet application, E-TRAN, is being used by two national deep discount brokerage firms to allow customers to place trades and access account information through the Internet.
TM) and eBroker(R) -- into one deep discount brokerage offering revolutionary low price in securities trading.
a deep discount brokerage, will highlight the NYSE "Price Improvement" program at the investment strategies Conference, February 22 and 23, at the Westin Bonaventure Hotel (Booth #27).
Corcoran, president, and York's independence as a deep discount brokerage with no market making or banking affiliates.