Deep discount brokerage firm

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Deep Discount Brokerage Firm

A brokerage that offers clients no commissions and usually a flat fee for trades. Unlike most brokerages, a deep discount brokerage provides only trading services; it does not, for example, provide custody services. The idea behind a deep discount brokerage firm is that it will still make a good deal of money from the sheer volume of transactions it facilitates. See also: Discount brokerage firm.

Deep discount brokerage firm.

A financial services company that offers rock-bottom rates for large-volume securities transactions is sometimes described as a deep discount firm.

However, online brokerage firms or electronic communications networks (ECNs) may offer investors cheaper prices for even small-volume trades.

References in periodicals archive ?
com), a deep discount brokerage offering an industry leading online trading platform.
announced today it has signed a definitive agreement to sell BrownCo, its online deep discount brokerage business, to E*TRADE FINANCIAL for a cash purchase price of $1.
Established in 1980, Scottrade is a leader in the deep discount brokerage industry.
Brown & Company, the deep discount brokerage unit of J.
com), a leading online deep discount brokerage firm; Accutrade, Inc.
The company's OMS (Order Management System) software is currently being used by over 600 brokers at one large New York firm, and its Internet application, E-TRAN, is being used by two national deep discount brokerage firms to allow customers to place trades and access account information through the Internet.
As a result, their commissions are heftier than discount and deep discount brokerages.
Scottrade is one of the leading deep discount brokerages in the US, with over 120 offices nationwide, as well as Scottrade.