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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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. Wang Investments is a deep discount brokerage firm, providing a wide range of investment tools to meet your financial objectives. deep discount brokerage firm and a wholly-owned subsidiary of AmeriTrade Holding Corporation. |
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