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 ?
TradeStation Group is the parent company of the award-winning TradeStation Securities direct-access brokerage (Member NASD, SIPC and NFA), and TradeStation Technologies, the award-winning software development and subscription company.
Nasdaq:TRAD), the parent company of the award-winning TradeStation Securities direct-access brokerage, and TradeStation Technologies, the award-winning software development and subscription service company, today announced the launch of a new subscription service -- TradeStation(R) 6 End-of-Day Research Edition.
Nasdaq:TRAD), the parent company of the award-winning TradeStation Securities direct-access brokerage, today reported its financial results for the first quarter 2002.
is among the largest direct-access brokerage firms in the industry and operates an Institutional Sales and Trading Division specializing in the execution of complex and sensitive large-block equity transactions for institutions in the buy-side community.
TradeStation Securities has won the 2001 Readers' Choice Award for best Stocks Direct-Access Brokerage from Technical Analysis of Stocks and Commodities magazine, one of the most respected periodicals for active traders.
We believe our selection by Barron's as the top-ranked direct-access brokerage firm only days after our launch is an early indication of the great success this company will achieve in 2002 and beyond.
It is at the heart of TradeStation, and with today's release, it is the first time that traders will be able to link their strategies directly to direct-access brokerage execution within the same platform.
Nasdaq:TRAD) announced today that its new TradeStation platform with integrated direct-access brokerage execution will be launched June 27th.