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 ?
Brown & Company is a deep discount broker for experienced investors who make their own investment decisions, and who are willing and able to manage their own accounts.
If you don't need advice, a deep discount broker such as York will save an active investor thousands of dollars annually on commission expenses.
PBS), a self-clearing deep discount broker and member of the New York Stock Exchange.
PBS) today announced a definitive agreement under which Mellon will acquire PBS, a self-clearing deep discount broker and member of the New York Stock Exchange.
Brown & Company is a deep discount broker for those experienced investors who make their own investment decisions, and who are willing and able to manage their own accounts.
Brown &Company is a deep discount broker for those experienced investors who make their own investment decisions, and are willing and able to manage their own accounts.
has acquired Savoy Discount Brokerage, a deep discount broker dealer located in Seattle, Wash.