CI Market Dashboard

We have put together a collection of market indicators and track them to help you gauge the direction of the market.

CI Analysis Worksheets

Interactive analysis templates covering DuPont analysis (return on equity), valuing stocks the Warren Buffett way, and more to come.

CI Blog Feed

Up with American Express
posted 3 hours ago by Hareesh Jayanthi

Keeping Track of Apple Watch Sales
posted 3 days ago by Hareesh Jayanthi

Traditional banks see Silicon Valley in the rear view
posted 4 days ago by Hareesh Jayanthi

Quants rejoice with Quantopian
posted 11 days ago by Hareesh Jayanthi

Want a painting along with your beanie babies?
posted 15 days ago by Hareesh Jayanthi

Computerized Investing > January/February 2004

Comparison: On-Line Discount Brokers

PRINT | | | | Add your comment! | A A   Reset

by CI Staff

The year 2003 saw the on-line brokerage industry go through its second year of consolidation, as the number of brokers featured in this year’s comparison fell from 62 to 54. While 2003 marked a reversal of three years of declines for the broad market indexes, the damage had already been done for some brokers who succumbed to acquisition in order to survive. Cost-cutting and staff reductions continued to be the norm for most brokerage houses.

In the face of reduced revenue and heightened competition, the trend among on-line brokers these past few years has been toward becoming niche players in order to differentiate from the competition. A broker seeking active stock traders will likely feature a different cost structure, research offerings and order-entry process than a broker acting as a one-stop center for investors seeking banking services, financial planning, and management of varied portfolios of stocks, mutual funds, and bonds.

Figure 1.
Growth of
On-Line Brokers

...To continue reading this article you must be a Computerized Investing Subscriber.

Gain exclusive access to this article and all of the benefits and investment education a Computerized Investing subscription offers.

SUBSCRIBE TODAY for just $24.
Log in
Already a CI subscriber? Login to read the rest of this article.

A subscription to Computerized Investing includes a monthly email and access to the CI Website, all of which aim to benefit your investing skills with respect to computers and the Internet.



No comments have been added yet. Add your thoughts to the discussion!

You need to log in as a registered AAII user before commenting.
Create an account

Log In