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 Financial Cafe, a leading provider of low cost trading and comprehensive investment-related resources for individual investors, has received several industry awards, including: Gomez Advisors' ranking of number one trading Web site for overall cost (October, 2001 and February, 2001); Kiplinger's Personal Finance magazine rating of the "best deal" among brokerage firms offering commission-free trading (November 2000); and a ranking by Celent Communications, a highly regarded provider of financial services sector analysis, as superior to E*Trade (NYSE:ET), American Express, DLJdirect, National Discount Brokers, Ameritrade (NASDAQ:AMTD) and Datek, based on a comparison of average price of execution and breadth of services (August, 2000).
Nasdaq: AMTD) today announced a definitive agreement to acquire National Discount Brokers Corporation (NDB.
In 1998, State Discount Brokers began online trading at www.
The Company also offers access to discount brokerage services through its website via its recent venture with National Discount Brokers.
The lifting of the Suitability Rule for discount brokers by securities regulators is the most significant development to date in terms of leveling the playing field for investors in Canada," said Colleen Moorehead, CEO of E*TRADE Canada.
Stock's commissions among the lowest of the online discount brokers.
com, thereby supporting their diversified investment needs," said Dennis Marino, Chairman of National Discount Brokers Corporation/ndb.
MB Trading is part of the growing trend of high-end online brokers lowering their commissions to lure clients away from discount brokers.
Recognizing the accomplishments of Gregg Sharenow and his team at National Discount Brokers Corporation/ndb.
The Wall Street Transcript has published an in-depth interview with Arthur Kontos, CEO of National Discount Brokers (NYSE:NDB), in which he talks at length about the company's future.
1st Constitution Bank, the primary subsidiary of 1ST Constitution Bancorp (OTC Bulletin Board: FCCY), announced today that the company is partnering with National Discount Brokers Corporation/ndb.