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Brokerages, online

Tasks such as cash-handling and customer registration were codified in the first instance. Such technology-based processes were characterized by modular structures. Codification permitted standardization which was a prerequisite for automation. Efficiency was especially important for online brokerage. For well-structured routines such as employee appraisals, codification was relatively easy. Over time, Selftrade intended to codify functions related to customer services. [Pg.24]

The chapters that follow will identify web sites for the online brokerages that generally offer exhaustive asset allocation information. But caveat emptor. They present this information because they want to move you into a sale. In this book you will see how all of the information you need to make informed decisions is not available solely via the sites of the brokerage firms. Click around to a number of sites for the best uncompromised information available. [Pg.3]

Surely you are familiar with the online brokerage industry. [Pg.15]

But, enough about the past events of online brokerage,- what can today s investors hope for when buying bonds ... [Pg.17]

The larger online brokerage firms and banks now have the capability to service all facets of a client s demands, as well as to provide other goodies, such as education, news, quotes, and ongoing advice. [Pg.22]

Bonds weren t always available to investors at online brokerages, but when they first were offered, they were available by calling a toll-free number listed on the web page and asking for what was available—exactly what offline investors would do by calling their broker. [Pg.23]

One of the problems was that those online brokerages that already had a strong offline presence would save the "better" bonds for their regular retail customers, since they believed that few, if any, online customers would request bonds. [Pg.23]

All of the major online brokerage firms sell bonds through commingled inventory systems. The systems are provided with inventory from dozens of participating dealers, who have found that the number of different types of bonds that they can offer their customers has been enhanced and expanded. [Pg.25]

The executable inventory system is absolutely the trend in online retail brokerage. As technologies improve and online brokerages have been able to prove to dealers that individual investors are buying bonds online, more dealers are feeling increasingly comfortable commingling their inventories for display and sale to retail investors. [Pg.25]

U.S. Treasuries and municipals still make up the majority of bonds that are purchased online directly through online brokerages. This is not only because of "what the market will bear," but also due to suitability reasons. Have you ever noticed the fine... [Pg.34]

If you end up buying junk bonds online and lose your shirt, you can bet there will be more than just a complaint e-mail sent to the firm. There are serious liability issues here, and to protect themselves, online brokerages have refrained from offering all of their possible fixed-income inventory that can be provided by their trading desks and commingled inventory systems. [Pg.35]

While the case for commingled inventory systems seems to serve every bond market participant s best interests, not all of the major online brokerages offer these systems. Merrill Lynch Direct and Morgan Stanley, most notably, have shied away from offering a commingled system of bonds to their online retail brokerage customers and instead only offer bonds from their own in-house inventories—which are quite substantial. [Pg.35]

The Public Debt web site is the most comprehensive, efficient Treasury security investment platform available to individual investors today. 1 cannot stress the value and facility that have been created by the government with the use of this web site. Any questions or inquiries concerning any of the issues can be sent electronically and someone will get back to you promptly (they did for me). You can manage your investments neatly online, and periodically review your portfolio. Even if you already have a live broker, or an account with any of the online brokerage firms, 1 strongly urge you to open an account with the Public Debt online. You ll be glad you did. [Pg.43]

Geek moment You ask why these calculators seem to be everywhere The answer their "stickiness," or the ability of the site to capture and retain the user s attention for a sustainable period of time. If it is an online brokerage site, the goal— you guessed it—is to have the calculator deliver information that might move you into a transaction. If it is an online media site. [Pg.50]

But some feel that the best information should not be free, namely, the online brokerages. As such, these transaction providers have substantial content on their sites that seeks to educate investors, but beware Their goal is to have you open an account (i.e., buy or sell). As any investment advisor would tell you, you should not buy or sell until you have read everything you possibly can about the security under consideration. [Pg.69]

There are three categories to consider when searching the Web for bond information (l) nonprofit organizations, (2) online media and news sites, and (3) online brokerages. [Pg.70]

One of the biggest research firms to track the online brokerage sector early in its development is Waltham, Massachusetts-based Gomez Advisors. Julio Gomez launched the company in 1996, and one of his strongest offerings was—and still is—the Online Broker Scorecard (Figure 7.1), which tracks both discount and full-service firms. [Pg.92]

Just because these online brokerages are referred to as discount, that does not mean that "full-service" is unavailable through their web sites. Likewise, the firms rated on the Gomez Full-Service Scorecard usually refer to the online versions of traditional brokerage firms, such as UBS Paine Webber or Morgan Stanley. [Pg.93]

I m sure you ve read or heard about the analyst firms listed above. During the all-night party of Internet stocks, when online brokerages would consistently experience ever-higher trading volumes and issue ambitious press releases, the above-mentioned research firms would produce a stream of reports on the state of the online financial services industry. The reports would make wild predictions for daily trades, market size, new products, demographic profiles, and technology adoption. [Pg.94]

The investment banks that underwrote the IPOs of the online brokerages, or those that held large positions in them, most likely had an analyst from the equity research side track and follow their corporate activity. Some investment banks, because they tracked so many companies involved in the online financial services industry, retained special e-finance analysts and groups. [Pg.95]

These groups became oft-quoted figureheads and notable mouthpieces on the direction of online brokerage. While the noise has quieted down somewhat, some continue to be respected voices in the industry ... [Pg.96]

This chapter overviews the leading online brokerages available to investors most notably MuniDirect and Public Debt Online. One sells municipal bonds, and the other, U.S. Treasuries (and even savings bonds). Since these categories are the two that individual investors concentrate on most when contemplating purchasing bonds directly for their portfolios, I feel that they would be of extreme value for you to consider. [Pg.107]

MuniDirect was founded in March 1999 with a fairly simple idea create the first discount brokerage firm for the municipal hond market. Since that time, we have heen both an online pioneer and a staunch consumer advocate for the individual investor. The municipal bond market is fraught with conflicts of interest and a lack of disclosure. MuniDirect has taken the conflict of interest out of... [Pg.114]

When you buy bonds, either online or from a traditional brokerage, the bonds are issued to you in "book-entry" form. There isn t any physical certificate,- instead, you receive nothing more than a confirmation of sale,- that you and your identity are stored along with other numbers in the trustee s or brokerage s computer systems. [Pg.131]

Don t think that because you haven t seen leading news stories for bonds in the newspaper or on TV that they aren t available for individual purchase. Don t think that brokerage firms, both online and offline, aren t willing to sell them to you. As described earlier in this book, there has been a prevailing psychology on Wall Street that bonds are "too complicated" for individual purchase— this is clearly not the case. Business journalists that cover bonds often play second fiddle to the day s top story on stocks, but this should encourage you to do your own research for bonds. [Pg.138]


See other pages where Brokerages, online is mentioned: [Pg.419]    [Pg.158]    [Pg.799]    [Pg.17]    [Pg.20]    [Pg.25]    [Pg.36]    [Pg.36]    [Pg.39]    [Pg.40]    [Pg.59]    [Pg.59]    [Pg.78]    [Pg.92]    [Pg.93]    [Pg.93]    [Pg.93]    [Pg.95]    [Pg.96]    [Pg.126]    [Pg.128]    [Pg.142]    [Pg.146]   


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