discount brokerage firm

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

discount brokerage firm

A brokerage firm that discounts commissions for individuals to trade securities. Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms. Compare full-service brokerage firm. See also May Day.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Discount brokerage firm.

Discount brokerage firms charge lower commissions than full-service brokerage firms when they execute investors' buy and sell orders but may provide fewer services to their clients.

For example, they may not offer investment advice or maintain independent research departments.

Because of the information and online account access on most brokerage websites, differences between full-service and discount firms are less apparent to the average investor.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Jones Lang Wootton, international real estate consultants, acted on behalf of Waterhouse Securities, a nationwide discount brokerage firm, in negotiating a 10-year lease consisting of 34,230 square feet at 100 Wall Street.
28 January 2019 - New York, US-based stock discount brokerage firm Muriel Siebert and Co., Inc.
TORONTO: BMO InvestorLine was named the 'Best Overall Mobile Discount Brokerage Firm in Canada' by Surviscor's Mobile Discount Brokerage scorecard.
BMO InvestorLine, a part of BMO Financial Group (TSX: BMO) (NYSE: BMO), has said that it has been honoured as the 'Best Overall Mobile Discount Brokerage Firm in Canada' by Surviscor.
Place Trade Financial, Inc., (Member FINRA, SIPC), is a global full service, discount brokerage firm with award winning online trading.
Place Trade Financial, Inc., Member FINRA, SIPC (, is a global full service, discount brokerage firm with online trading.
A registered nurse, she oversees the couple's two stock accounts--one with Merrill Lynch and the other with the discount brokerage firm Charles Schwab.
Tom "The Chief" Haugh is the founder and principal money manager of PTI Securities & Futures LP, a money management and discount brokerage firm, noted for the successful Protected Index Program[R].
Generic Trade is a discount brokerage firm specializing in online futures and options trading.
Investors looking for the do-it-yourself (DIY) brokerage option can use discount brokerage firms.
Diverse reasons precipitated their demise, but the lowering of transaction costs from 80 cents a share certainly uprooted their economic model and opened the door to competitive platforms, most notably discount brokerage firms.
But today, Stanasolovich continues, people have their investments in a number of funds and use discount brokerage firms.