Ranking the US Vendors of Internet Brokerage Solutions: An Update

June 19, 2001

Abstract

Boston, MA, USA June 19, 2001

Celent Communications estimates spending by the top financial institutions worldwide on Internet Brokerage solutions to reach US$11 billion by 2005

In a new report entitled Celent Communications analyzes and ranks ten of the leading Internet brokerage solutions on the market. The 44-page report provides an in-depth analysis of each vendor solution and compares the offerings in terms of customization, scalability, range of instruments and advanced tools supported, back-office connectivity, level of customer support, as well as other criteria. 


Rank Top Vendors
1 Vantra Group
2 Kingland Systems
3 Reuters

Vendors to Watch: digiTRADE, Brokat/AFS, Taho Commerce

"For the last six to twelve months, the online brokerage industry has for the first time experienced drastic downturn in terms of trading volume", notes Sang Lee, co-author of the report. "However, the online brokerage market is far from self-destructing. While a pure Internet-based brokerage model is no longer acceptable to mainstream investors, most retail clients will continue to utilize online brokerage services in conjunction with investment guidance from a human advisor or broker, especially in times of market volatility."

According to Isabella Fonseca, co-author of the report, " The focus of features and functionality of online brokerage solutions have also changed drastically with market demand in the past year. Today, financial institutions are no longer emphasizing the look and feel of the Web front-end, but are increasing their attention to multi-channel integration, back-office connectivity, efficient customer support, and the ability to integrate non-brokerage services to offer a full suite of applications."

A Table of Contents for this report is available online.

of Celent Communication's Retail Securities & Investments research service can download the report electronically by clicking on the icon to the left.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

Boston, MA, USA June 19, 2001

Ranking the US Vendors of Internet Brokerage Solutions: Update

Return to report abstract  

EXECUTIVE SUMMARY 3
INTRODUCTION 4
MARKET OVERVIEW 5
  Market Trends 5
  Market Conditions 9
VENDOR PROFILES 12
  Brokat/AFS 13
  digiTRADE 15
  Kingland Systems 16
  Reuters 19
  S1 21
  Scivantage 22
  Spectra Securities Software 24
  SunGard EMS 24
  Taho Commerce Group 26
  The Vantra Group 28
VENDOR COMPARISON 33
RANKING 42
FUTURE TRENDS 44

 

        

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