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 parent company of TradeStation Securities direct-access brokerage, announced this week the expected release date and feature list for TradeStation 7, the next generation of the electronic trading platform TradeStation Securities offers to institutional, professional and serious, active individual traders.
is the 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.
the parent company of the award-winning TradeStation Securities direct-access brokerage, announced today that Rutgers Business School has selected TradeStation as a primary platform for its Global Financial Market Center.
the parent company of the TradeStation Securities direct-access brokerage, announced today that Baruch College's Zicklin School of Business has added TradeStation to the trading software platforms at their state-of-the-art Subotnick Financial Services Center/Bert W.
March 4 /PRNewswire/ -- TradeStation Securities, a leading direct-access brokerage firm, today announced the launch of its new http://www.
the parent company of TradeStation Securities, a leading direct-access brokerage, announced today that noted market forecaster and commentator, Hans Kashyap, President of Analytics Research Corporation, has selected TradeStation market data charts for his weekly morning news show appearances on CBS WUSA 9 NEWS, which services the Washington, D.
the parent company of the TradeStation Securities direct-access brokerage, announced today that The George Washington University's School of Business and Public Management has selected the TradeStation trading software platform as its feature, high-end platform for its real-time Trading Laboratory for students who are interested in learning how to use decision-support software tools to assist in making trading decisions.
the parent company of TradeStation Securities, a leading direct-access brokerage firm, today announced that it expects to report fourth quarter 2002 net profit of $.
TradeStation was also rated higher as a Stock Brokerage overall - not as just a direct-access brokerage - than Charles Schwab, E*Trade, Fidelity Brokerage, OptionsXpress, Scottrade Financial Services and TD Ameritrade.
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.
TradeStation was also rated higher as a Stock Brokerage overall -- not as just a direct-access brokerage -- than Ameritrade, Charles Schwab, E*Trade, Fidelity Brokerage, OptionsXpress, Scottrade Financial Services and TD Waterhouse.
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.