Hello Admagic,
The results of my research for the number of online brokerage accounts
from 1996 to the present are as follows:
1996 1.5 million
1997 3.7 million
1998 7.3 million
1999 9.7 million
2000 13 million
2001 18 million
2002 19.3 million
2003 <20 million
2004 31.3 million
2005 20 million to 30 million
2006 34.1 million
Below you will find the source of this data:
??1996 there were about 1.5 million online brokerage accounts; by the
end of 1998 that number is expected to be 5.3 million. Online accounts
now are used for about 25% of all retail trades and Forester Research
forecasts 14.4 million online accounts by 2002. (Dwyer et al.
(1998)).?
Effect of the Internet on Financial Markets
Hal R. Varian
School of Information Management and Systems
University of California, Berkeley
September 1998
http://www.sims.berkeley.edu/~hal/Papers/brookings-paper.html
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?U.S. Bancorp Piper Jaffray (?Piper Jaffray?) estimates that by the
end of the second quarter of 1999 there were 9.7 million on-line
accounts, up from 3.7 million in 1997 and 7.3 million in 1998.
Discounting for multiple accounts, Piper Jaffray estimates that there
are now approximately 5.8 million on-line traders.?
SEC
On-Line Brokerage: Keeping Apace of Cyberspace
EXECUTIVE SUMMARY
http://www.sec.gov/pdf/cybrtrnd.pdf
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?According to research by Piper Jaffray, the online brokerage industry
as a whole accumulated 3.6 million accounts in 1998 to conclude the
year with 7.3 million accounts. These accounts represent approximately
4.4 million individual investors, Piper Jaffray said.?
Clickz
http://www.clickz.com/showPage.html?page=152991
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?As of January 1999, there were approximately seven million online
brokerage accounts open. By July 1999, there were approximately ten
million.?
Online Brokerage Industry Report 1999
Office of the New York State Attorney
http://www.oag.state.ny.us/investors/1999_online_brokers/execsum.html
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?By the end of the year 2000, more than 6.5 million US households will
have traded through 13 million online brokerage accounts, according to
eMarketer, which projects 17.4 million US households trading through
31.3 million online brokerage accounts by 2004.?
http://www.clickz.com/showPage.html?page=509901
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?Even with Merrill, the pie will get wider for everybody. Gomez
estimates the number of U.S-based Internet brokerage accounts will
nearly double to 18 million by 2001.?
CNN Money
http://money.cnn.com/1999/06/20/investing/netspec_brokers_rf/
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?In addition, while online brokerages and day trading were unknown
just a few years ago, there are more than 200 online trading firms
operating in the U.S., with approximately 19.3 million online
brokerage accounts.?
SEC: March 6, 2002
http://www.sec.gov/news/studies/payparity.htm
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?There are now six to 10 million online brokerage accounts, and Ezra
Zask, a managing director at Berkshire Capital Corp., expects the
number to rise to just under 20 million by 2003.?
OnWallStreet
http://www.onwallstreet.com/article.cfm?articleId=941
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?We believe that consolidation in the online investing industry has
diverted attention from products and services, creating an opportunity
for TradeKing in a market that has an estimated 20 million to 30
million online brokerage accounts," said Montanaro. "After a decade of
online trading, investors are smarter and more experienced than ever,
and so they want better tools and technology without sacrificing low
prices.?
TradeKing Launches Online Brokerage with Internet's Lowest Commissions
Business Wire, Dec 27, 2005
http://www.findarticles.com/p/articles/mi_m0EIN/is_2005_Dec_27/ai_n15970131
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Tiburon Strategic Advisors is a market research & strategy consulting
firm serving the brokerage and investment management industry.
The big five online brokerage firms - Charles Schwab & Company,
Fidelity Investments, TD Ameritrade, E*Trade, and Scottrade.
?Fidelity has a total of 12.2 million total accounts, Charles Schwab &
Company has 7.2 million, TD Ameritrade has 6.0 million, E*Trade has
4.3 million, Scottrade has 1.4 million, and the rest of the industry
is estimated to have 3.0 million.?
Tiburon Strategic Advisors: June 2006
http://www.tiburonadvisors.com/06.06.07_Tiburon_Research_Release_OLFS_Market_Overview_1.html
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Search terms:
Million online brokerage accounts
United States 1996..2006
I hope the information provided is helpful!
Best regards,
Bobbie7 |
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