Online brokerage firm

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Online Brokerage Firm

A company or division of a company that offers brokerage services over the Internet. One manages one's online brokerage account by giving orders online, which the brokerage then fills. One may also settle transactions electronically, though clients usually have an option to mail a check to the firm. Online brokerage firms usually charge lower commissions than other brokerages, but do not provide individual investment advisory services.

Online brokerage firm.

To buy and sell securities online, you set up an account with an online brokerage firm.

The firm executes your orders and confirms them electronically. When the markets are open, the turnaround may be very fast, but you can also give buy or sell orders at any time for execution when the markets open.

You may mail the firm checks to settle your transactions or transfer money electronically from your bank account.

Some online firms are divisions of traditional brokerage firms, while others operate exclusively in cyberspace. Most of them charge much smaller trading commissions than conventional firms.

Online firms usually provide extensive investment information, including regularly updated market news, on their websites, though they do not provide one-on-one consultations.

References in periodicals archive ?
Barron's, which has been conducting the online broker survey since 1996, evaluated 14 browser-based online brokers this year, gauging their capabilities in the following areas:
An in-house analysis of online brokers by optionsXpress found margin rates ran as high as 8.
Online brokers offer almost all the main financial products traditional brokers do, ranging from domestic shares to investment trusts.
In addition, Demand Facts now offers a free report on the leading privately owned online brokers so that interested investors get an opportunity to see the real value of the information provided in their reports.
9 stars, the top score, in the category "Trading Technology," and was rated #1 overall online broker in Barron's ranking of online brokers, 3/15/2010.
Growing numbers of investors are putting their faith in online brokers like TradeKing to provide a better trading and client experience than they received from their professionally-managed relationships, and we aim to delight.
The article, which appears in Worth's September 1999 issue, surveyed seven leading online brokers to determine "which e-brokers are best at handling their customers, as well as their customers' trades.
com, is an online broker that combines the power and flexibility of professional trading software with the convenience and reliability of a browser-based trading platform.
PCFN, from the Pershing Division of Donaldson, Lufkin and Jenrette, is available on the PRODIGY service and is the fastest-growing online broker in America.
1) Best Online Broker 3/6/06, 3/7/05, 3/8/04, 3/10/03, and one of Barron's Best Online Brokers 3/3/07, refers to the optionsXpress website and is based on: Trade Execution; Ease-of-Use; Range of Offerings; Research Amenities; Portfolio Analysis/Reports; Access/Help; Costs.
Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry, today announced that seven of its clients scored high in this year's Barron's Best Online Broker Survey, including TradeKing who earned a Four-Star rating and a Top 10 ranking.
The company selected BlitzDocs Originate to help facilitate faster and more efficient electronic loan document submission for its GN Wholesale online broker portal.

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