discount brokerage firm

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Discount Brokerage Firm

A brokerage firm that provides transaction services predominantly or exclusively. That is, a discount broker provides clients with little or no research or investment advice; rather, it specializes in completing the transactions for which clients ask. Discount brokers usually rely on computer programs to find matching offers or bids. They charge lower commissions than other brokers and rely on a high volume of orders for a profit. See also: Deep Discount Brokerage Firm.

discount brokerage firm

A brokerage firm that discounts commissions for individuals to trade securities. Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms. Compare full-service brokerage firm. See also May Day.

Discount brokerage firm.

Discount brokerage firms charge lower commissions than full-service brokerage firms when they execute investors' buy and sell orders but may provide fewer services to their clients.

For example, they may not offer investment advice or maintain independent research departments.

Because of the information and online account access on most brokerage websites, differences between full-service and discount firms are less apparent to the average investor.

References in periodicals archive ?
The Company offers securities and direct access brokerage, trading, and advanced order routing services to their clients utilizing Lightspeed's software products.
The Company offers securities and direct access brokerage, trading and advanced order routing services to their clients utilizing Lightspeed's software products.
MB Trading is a direct access brokerage firm that develops and markets sophisticated yet simple direct access trading technology to online investors, institutions, and qualified destinations.
a trading strategy software company and direct access brokerage firm.
Widmer Options is an independent and direct access brokerage firm that builds and markets highly developed yet effortless direct access to trading innovation offered to online traders, investors, hedgers and institutions.
POWELL, Ohio, April 29 /PRNewswire/ -- Open E Cry, LLC, (OEC) a direct access brokerage firm, today announced the launch of OEC FX, their new online foreign exchange (forex) trading service.
Track Data is a New York-based financial services company that provides direct access brokerage, real-time financial market data, news, and research to institutional and individual investors through dedicated telecommunication lines and the Internet.
MB Trading is a direct access brokerage firm that develops and markets sophisticated yet simple direct access trading technology to online investors, allowing them to bypass the middleman and trade directly to the NASDAQ, NYSE and AMEX markets.
is the wholly owned direct access brokerage subsidiary of The Charles Schwab Corporation .
NEW YORK -- Lightspeed Financial LLC, a leading provider of direct access brokerage, trading and advanced order routing services for professional traders, today announced that it has fully integrated its trading technology and risk management solutions with Wedbush Morgan Securities ("Wedbush"), a nationally prominent financial services firm and leader in high-frequency clearing services.
Moreover, Terra Nova has long been recognized as a leader in the direct access brokerage industry; this name change will not only enhance our global brand but also confirm our status as a competitive force through the offering of multiple front-end trading platforms and a highly scalable clearing infrastructure.
21 /PRNewswire/ -- MB Trading (Member NASD, SIPC), an award-winning securities broker-dealer and recognized leader in direct access brokerage, today announced that it has fully integrated its MBT software with the 4X Made Easy(R) 7.