discount broker

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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 ?
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.
CTSI's discount brokerage business services 93,000 active accounts with $2 billion (US) in customer assets.
Our partnership with Home Financial Network will extend our reach to medium and smaller-sized financial institutions and rapidly increase our presence in the third-party discount brokerage services industry," said Mary Nocita, president of AmeriVest, Inc.
The discount brokerage also has a Latin America Center in Florida that caters to speakers of Spanish and Portuguese.
Now, we have significantly expanded our discount brokerage client base in the Midwest, and with it, our North American electronic business.
Established in 1985, Firstrade began as a discount brokerage firm serving the local community.
is a discount brokerage firm with corporate headquarters in Minneapolis, Minn.
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.
Accutrade is a pioneer in the discount brokerage industry and offers multiple means of access to trading via phone, computer and portable communications devices.
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.
NYSE: TWE), today announced the discount brokerage industry's most comprehensive customer reward program in conjunction with American Airlines.