Ranking the US Vendors of Internet Brokerage Solutions

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14 June 2000


Cambridge, MA, USA, June 19, 2000

Report published by Celent Communications

In an indispensable guide for financial institutions selecting an Internet brokerage vendor, Celent Communications profiles eight vendors of Internet brokerage solutions, and compares them on a variety of criteria, including usability, functionality supported, systems integration, speed of deployment and scalability. This 45-page report, titled " " is intended to aid financial institutions in the selection of a vendor solution for Internet brokerage, whether the institution is choosing a vendor for its first implementation or considering upgrading its current technology to a second or third generation deployment.

A Table of Contents for this report can be viewed online.

Using vendor-provided solutions to develop transactional capability has become standard practice in the brokerage industry. The window of opportunity for vendors of brokerage technology is still wide open -- only 28 percent of the top 100 global securities firms currently offer online transactional capability, and only 24 percent of full-service firms have moved transactions online. Over the next three years, we expect that spending by financial institutions on brokerage technology will reach more than US$1.4 billion by 2003. As the online brokerage market expands and becomes more mainstream and the underlying technology improves, vendor offerings are becoming increasingly sophisticated.

Members of Celent Communications Retail Securities & Investments research service can be download this report electronically by clicking on the icon to the right.

"We expect to see a number of trends in the next year, including more small brokerage firms going online, the addition of advice-oriented functionality and broker tools to vendor offerings, and an increasingly wide array of channels available to retail investors, explains Sang Lee, an analyst in Celent Communications e-Trading group. The year 2000 will prove to be a year in which penetration of online brokerage continues to grow, but the vendor market consolidates. As concerns about reliability grow and demands for guaranteed uptime increase, vendors that are unable to provide high levels of guaranteed uptime, along with dual data centers for full redundancy and failover capacity, will be unable to compete. This may mean that larger, established vendors will have an edge.