discount broker

(redirected from discount brokerage)
Also found in: Dictionary, Wikipedia.
Related to discount brokerage: Discount Brokerage Firms

Discount broker

A brokerage house featuring relatively low commission rates in comparison to a full-service broker.

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 broker

A real estate broker who offers limited services in return for a commission rate lower than what is generally available in the marketplace.The most common service offered is listing a property on a multiple listing service,but all prospective buyers are then referred directly to the owner.

References in periodicals archive ?
It is an impartial assessment of the overall mobile brokerage customer experience at Canadian discount brokerage institutions.
Surviscor's Mobile Discount Brokerage scorCard evaluates the overall mobile brokerage customer experience at Canadian discount brokerage institutions.
The sale is likely to attract larger discount brokerages such as E Trade Financial Corp (NASDAQ:ETFC), TD Ameritrade Holding Corp (NYSE:AMTD) and Scottrade Inc, two of the sources said.
With the agreement, MPL put its extensive database on Canadian stocks onto the InvestNET site for National Bank Discount Brokerage clients.
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 discount brokerage also has a Latin America Center in Florida that caters to speakers of Spanish and Portuguese.
Our products and managed services are provided to National Bank's 300,000 plus customers via National Bank Financial and now we're adding the 100,000 plus customers from the discount brokerage and other areas.
Established in 1985, Firstrade began as a discount brokerage firm serving the local community.
NEW YORK -- Corporate Insight, the leader in providing competitive intelligence, analysis, and consulting services to the financial services industry, announced today it has completed a landmark study that analyzes the customer experience opening cash management accounts at 20 leading full-service and discount brokerage firms, banks and mutual fund companies.
NEW YORK -- The Wall Street business leader, who built Lynch, Jones & Ryan into an institutional discount brokerage powerhouse, brings vision, experience and relationships to the world's largest broker-neutral liquidity network.
S&T Bank's services include accepting time and demand deposit accounts, originating commercial and consumer loans, providing letters of credit, offering discount brokerage services, personal financial planning and credit card services.
1st Discount Brokerage (1DB) is pleased to announce that Bruce Blatman, President of Blatman Financial, LLC.