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The Brokerage Industry And The Internet - Online Term Paper

The Brokerage Industry And The Internet

It is a new day on Wall Street. The Internet is changing the way the brokerage industry does business. Today more and more investors are electing to trade via the Internet and avoid contact with a broker all together. Are the days of the large full service broker over or will there be a compromise between full service and self-direction? Has the rapid advancement in information technology helped the brokerage industry or hurt it? What role will IT have on the future of trading?
Just a few years ago all trades were done by calling a brokerage and talking to a broker who usually tried to push some hot stock and charged you a large sum to purchase the shares you wanted. The 70’s gave ...

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by reducing trading costs and developing user friendly platforms for investors.
The Brokerage industry is one driven by quality customer service and high profits. Investors want to maximize there investments at a reduced cost but still receive the highest level of service and information available. In the past investors were restricted by the amount of control they had over their investments, brokers made recommendation, pushes, and did the actual purchasing. Today with the addition of the PC and online capabilities investors can choose what, where and when they invest. By utilizing online resources investors can perform the research and analysis that was once primarily done by brokers. This new technology is having a dramatic effect on the way brokerages operate. The once small discount brokers are utilizing the Internet to take over a whole new market segment and the larger full service brokerage companies are rallying to add online services. This paper will explore these ...

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The Brokerage Industry And The Internet. (2006, December 29). Retrieved January 22, 2025, from http://www.essayworld.com/essays/The-Brokerage-Industry-And-The-Internet/57858

"The Brokerage Industry And The Internet." Essayworld.com. Essayworld.com, 29 Dec. 2006. Web. 22 Jan. 2025. <http://www.essayworld.com/essays/The-Brokerage-Industry-And-The-Internet/57858>

"The Brokerage Industry And The Internet." Essayworld.com. December 29, 2006. Accessed January 22, 2025. http://www.essayworld.com/essays/The-Brokerage-Industry-And-The-Internet/57858.

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PAPER DETAILS

Added: 12/29/2006 11:29:20 AM
Category: Economics
Type: Premium Paper
Words: 753
Pages: 3

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