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Le « discount brokerage »

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  • Olivier Le Grand

Abstract

[fre] Le « discount brokerage » permet aux particuliers d'effectuer des transactions sur les valeurs mobilières en direct, sans intermédiaire, sans délai et à moindre frais. Il élargit une offre autrefois limitée à celle des courtiers traditionnels qui assurent, pour des frais plus élevés, les choix d'investissement pour le compte de leurs clients. . À l'avenir, le développement des deux formes de courtage ira probablement de pair. En rendant plus accessible un grand nombre de valeurs mobilières, titres en direct et fonds collectifs, le « discount brokerage » contribue à rendre plus complexe l'offre de placements financiers. Il renforce ainsi l'attrait du courtage traditionnel pour des investisseurs épris de simplicité, notamment pour la population plus âgée des pays développés. [eng] Discount brokerage . Discount brokerage enables individuals to invest directly in securities, with no intermediate agent, almost immediately and at low cost. By charging higher fees, traditional brokers deal with different investment products on behalf of their clients. . In the years to come, both kinds of brokerage will most likely continue to grow. Discount brokerage contributes to making more available a great number of securities, individual stocks and mutual funds as well, which makes financial investment offer more complex. Therefore, investors, attracted by simpler transactions, mainly older populations from developed countries, will be all the more tempted by traditional brokerage.

Suggested Citation

  • Olivier Le Grand, 1997. "Le « discount brokerage »," Revue d'Économie Financière, Programme National Persée, vol. 42(4), pages 89-95.
  • Handle: RePEc:prs:recofi:ecofi_0987-3368_1997_num_42_4_2355
    DOI: 10.3406/ecofi.1997.2355
    Note: DOI:10.3406/ecofi.1997.2355
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