Will the Facebook IPO save online brokers?
Yet another group may benefit greatly from the Facebook IPO: brokerage firms.
Yet another group may benefit greatly from the Facebook IPO: brokerage firms.
By Joshua M. Brown, Guest blogger
The online brokers need a hit record.聽 About as badly as Kelly Clarkson does right about now - one more shot of juice to keep things moving or else it's state fairs and Sears grand openings forever.
Brokerage firm equities trading has been a dead and dying business as the majority of investors yank money from portfolios and the more aggressive traders swim upstream (downstream?) to the options, futures and forex sites.
But the online brokerages are really excited today...
From MarketWatch:
And from ValueWalk:
Facebook IPO as economic stimulus for the online brokerage biz.聽 Adorable.