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 ?
Internet transactions, which by some estimates are expected to account for nearly $500 billion in annual trades within the next five years, is dominated by discount brokerages such as Charles Schwab & Co.
With more discount brokerages cropping up, this is becoming a trend,'' said John Markese, president of the American Association of Individual Investors.
The options can be broken down into three basic categories: full-service brokerage, discount brokerages and other types of investment services or a financial institution.
The company's customers include 40 percent of Gomez Advisors' Top 20 Online Brokerages and 40 percent of Time Magazine's Top 10 Discount Brokerages, as well as a number of top tier investment banks and banks.
Scottrade is one of the leading deep discount brokerages in the US, with over 120 offices nationwide, as well as Scottrade.
In a field crowded by discount brokerages like E*TRADE, Charles Schwab, and TDAmeritrade, the zero commission pricing and investor community on Zecco.
As one of the top discount brokerages, Quick & Reilly has realized this and has implemented a system that fills their needs today and will meet their growing demands in the future.
This investment community consists of approximately 1,000 financial companies such as mutual fund companies, banks, brokerage houses, insurance companies or any firm that is trading financial products through discount brokerages.
one of the nation's leading deep discount brokerages, today announced the launch of its redesigned Internet trading site.
com) is a financial services holding company offering technologically advanced discount brokerages, securities clearing and other financial services to the independent investing public and to other institutions.
InvesTrade, one of the nation's leading discount brokerages, today announced that it will immediately begin offering its customers the unsurpassed freedom and convenience of wireless trading and financial information access via the w-Trade Wireless Internet Trading System(tm).
one of the nation's largest discount brokerages with 1.