Online Retail Brokerages Industry Overview

Companies that provide securities trading primarily over the Internet and telephone.

Full Online Retail Brokerages Industry Description

Expansion of Electronic Trading

Securities trading over electronic networks has increased rapidly in the past decade and in some markets has replaced "floor" brokers. In many cases, orders are still executed by individuals dealing with other individuals, but in some systems orders are executed automatically by computer. The NASDAQ is an electronic stock trading system where orders are executed by brokers. A number of electronic communication networks (ECNs) have been formed by brokers or large customers to trade a variety of securities. In 2005, about 11 percent of trading volume on the NYSE was done electronically.

Full Online Retail Brokerages Industry Trends

• A.B. Watley Group Inc.
• Bartercard International Limited
• BinckBank N.V.

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Online Retail Brokerages maps to a number of NAICS codes including:

Full Online Retail Brokerages Industry Codes

• Financial Services Technology Consortium
  
• Investment Company Institute
  
• The Association of Private Client Investment Managers and Stockbrokers
  

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