Interactive Brokers #

Interactive Brokers LLC

• Interactive Brokers LLC (IB) is an American multinational brokerage firm.

• The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds.

• IB is regulated by the U. S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, the New York Stock Exchange, the Commodity Futures Trading Commission, National Futures Association, Chicago Mercantile Exchange and other self-regulatory organizations.

• Interactive Brokers Group owns 40 percent of the futures exchange OneChicago, and is an equity partner and founder of the Boston Options Exchange.

• According to , Peterffy(founder) IB specializes in providing brokerage services to larger customers and charging low transaction costs.

• Benefit of IB
  • Low fees: IB is known for offering some of the lowest fees in the industry, which can be especially appealing for high volume traders.
  • Wide range of products: IB offers access to a wide range of financial products, including stocks, options, futures, forex, bonds, and more.
  • Advanced trading tools.

TradeStation #

• TradeStation Group, Inc. is headquartered in Plantation, Florida, and has offices in New York; Chicago; Richardson, Texas; London; Sydney; and Costa Rica.
• TradeStation is best known for the technical analysis software and electronic trading platform it provides.

Corporate structure #

• Monex Group

  • TradeStation Group is a wholly owned subsidiary of Monex Group, Inc. , one of Japan’s largest online financial services providers.
  • Monex Group, Inc. provides online investment and trading services for retail and institutional customers around the world through its subsidiaries, including Monex, Inc. in Japan, TradeStation in the U. S. , and Europe, and Monex Boom in Hong Kong.

• TradeStation Group, Inc. ’s subsidiaries

  1. TradeStation Securities, Inc.
     • TradeStation Securities, Inc. is a member of the New York Stock Exchange (NYSE), Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), Depository Trust & Clearing Corporation (DTCC), Options Clearing Corporation (OCC) and the National Futures Association (NFA).
     • It is a licensed securities broker-dealer and a registered futures commission merchant, and is also a member of the Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange and NASDAQ OMX.
  2. TradeStation Technologies, Inc.
     • TradeStation Technologies, Inc. , develops and offers strategy trading software tools and subscription services.
  3. Its London-based subsidiary, TradeStation International Ltd, a Financial Services Authority authorized brokerage firm, introduces the UK and other European accounts to TradeStation Securities, Inc.

Robinhood Markets #

• Robinhood Markets, Inc. is known for pioneering commission-free trades of stocks, exchange-traded funds and cryptocurrencies via a mobile app introduced in March 2015.
• Robinhood is a FINRA-regulated broker-dealer, registered with the U.S. Securities and Exchange Commission, and is a member of the Securities Investor Protection Corporation.
• The company’s revenue comes from: interest earned on customers’ cash balances, selling order information to high-frequency traders (a practice for which the SEC opened an investigation into the company in September 2020) and margin lending.

E-Trade #

• E-Trade Financial Corporation (stylized as E✱TRADE, often approximated as E*TRADE), a subsidiary of Morgan Stanley, offers an electronic trading platform to trade financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, mutual funds, and fixed income investments.
• It also provides services for employee stock ownership plans, student loan benefit administration, advisor services, margin lending, online banking, and cash management services.
• The company receives revenue from interest income on margin balances, commissions for order execution, payment for order flow, and management services.

TD Ameritrade #

TD Ameritrade Holding Corporation

• TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, forex, options, cryptocurrency, mutual funds, fixed income investments, margin lending, and cash management services.
• The company receives revenue from interest income on margin balances, commissions for order execution, and payment for order flow.
• It was acquired by Charles Schwab Corporation in 2020.
• The company is a subsidiary of Charles Schwab Corporation.

Ally Financial #

Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.

The company was known as GMAC, an acronym for General Motors Acceptance Corporation, until 2010.

Charles Schwab Corporation #

The Charles Schwab Corporation

• Services Commercial banking, Stock brokerage, Wealth management, Electronic trading platform

• Subsidiaries

  • Schwab Holdings, Inc.
  • Charles Schwab Bank
  • Charles Schwab Investment Management, Inc.
  • Charles Schwab Futures, Inc.
  • Charles Schwab Premier Bank
  • OptionsXpress
  • Schwab Performance Technologies
  • SoundView Technology Group
  • Charles Schwab Foundation
  • Charles Schwab Trust Bank
  • TD Ameritrade

• Website www.aboutschwab.com

• The Charles Schwab Corporation is an American multinational financial services company.

• It offers banking, commercial banking, an electronic trading platform, and wealth management advisory services to both retail and institutional clients.

• It has over 360 branches, primarily in financial centers in the United States and the United Kingdom.

Fidelity Investments #

• Fidelity Investments Inc. is an American multinational financial services corporation based in Boston, Massachusetts.
• The company was established in 1946 and is one of the largest asset managers in the world.
• Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, cryptocurrency, securities execution and clearance, asset custody, and life insurance.
• Brokerage
  • Fidelity Investments operates a major brokerage firm and has investor centers in over 140 locations throughout the US.

Lightspeed #

• Lightspeed Trading, LLC offers an electronic trading platform to trade financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, mutual funds, and fixed income investments.
• It also provides margin lending, and cash management services.

Merrill Edge #

Merrill Edge

• Merrill Edge is an electronic trading platform provided by BofA Securities, part of Bank of America’s retail banking division.

• Merrill Edge was created to merge Bank of America Online Investing (Quick & Reilly) and Merrill Lynch’s research, investment tools, and call center counsel.

• It is intended for well-educated clients who want to invest between $100,000 and $250,000.

• It accumulated the assets through three main avenues:

  • Existing Bank of America customers (which accounted for around a third of the assets held),
  • Merrill Lynch referrals (which accounted for a marginally higher proportion of the assets),
  • marketing (which accounted for the rest).

Wells Fargo Advisors #

Wells Fargo Advisors

• Wells Fargo Advisors is a subsidiary of Wells Fargo.
• The subsidiary was formerly known as Wachovia Securities which was acquired by Wells Fargo.

Firstrade Securities #

• Firstrade Securities is a stockbrokerage firm and broker-dealer headquartered in Flushing, New York that offers an electronic trading platform to trade financial assets including stocks, exchange-traded funds (ETF), options, mutual funds, and bonds.

• The company was founded in 1985 by John Liu, as First Flushing Securities.

• In 1997, the company was renamed to Firstrade Securities Inc., and the company launched Firstrade.

• In April 2010, Taifook Securities Company Limited, a wholly owned subsidiary of TSG, signed an agreement with Firstrade Securities, a US online broker, for cross-border securities trading business.

Webull #

Webull

• Webull Financial LLC (Chinese: 微牛证券) offers a trading app for commission-free trading of stocks, exchange traded funds, options, margins, and cryptocurrencies.

• Webull is owned by Fumi Technology, a Chinese holding company that has received backing from Xiaomi, Shunwei Capital, and other private equity investors in China.

• In May 2020, it received SEC approval to launch a robo-advisor.

• In November 2020, Webull began supporting cryptocurrency transactions.

• In September 2021, The Brooklyn Nets and New York Liberty have entered into a global multi-year agreement with Webull.

Futu #

Futu Holdings, Ltd

• Futu Holdings Limited (Chinese: 富途) operates as a holding company in digitized brokerage and wealth management platform in China, Hong Kong, the United States, and internationally.

• The largest investor of Futu as of 2019 is Tencent.

• Futu, raised $90 million in an initial public offering on the Nasdaq on March 8, 2019.

• Moomoo

  • Moomoo Inc., a subsidiary of Futu, is a U.S.-based financial services company headquartered in Palo Alto, California that allows customers to trade US stocks, Chinese stocks, Hong Kong stocks, ETFs, and options.
  • Moomoo, Inc was founded in March 2018.
  • The platform was created specifically for U.S.customers.
  • Moomoo is registered with the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

Score Priority #

Score Priority

• Its services combine a social trading network, trading education, and a brokerage.

  • Just2Trade provides an online discount stock brokerage service.
  • Users can buy and sell stocks, options, and ETFs via web-based, mobile, and desktop electronic trading platforms.

• Copy Trading

  • Users can trade their own accounts or copy expert traders with the “Live Trading” copy trading feature.
  • With this service, traders can duplicate the trades of the top performers in the network.

• In 2020, Score Priority acquired Lightspeed Financial Services Group’s high frequency trading (HFT) assets, known as Lime, to create Lime Execution, a division of Score Priority focused on institutional traders.

• Regulation

  • Score Priority is regulated by the Financial Industry Regulatory Authority (FINRA).

M1 Finance #

M1 Finance

• Founded in 2015, the company offers a robo-advisory investment platform with brokerage accounts, digital checking accounts, and lines of credit.
• Financial assets including common stocks, preferred stocks, fractional-share ownership, and exchange-traded funds.
• It provides margin lending, automatic rebalancing services, automatic dividend reinvestment services, and cash management services including debit cards.
• The company receives payment for order flow.