Analyzing Information Intermediaries in Electronic Brokerage

  title={Analyzing Information Intermediaries in Electronic Brokerage},
  author={Robert J. Kauffman and Mani R. Subramani and Charles A. Wood},
In the past, full-service stock brokerage firms had a strategic advantage over discount brokers because of the control full-service brokers had over the information provided to the customer. Full-service stockbrokers acted as information intermediaries in that they were able to capture residual value from the transfer of information to make a profit… CONTINUE READING