Question- Discuss the services of a broker in electronic commerce transactions.

Ans.

Services of a Broker in Electronic
Commerce Transactions

These are as under-

1. E-broker charges commission at low rate. The commission on transactions made through e-Broker, on average, are 3-4 times lower than those charged when working with broker's intermediation. Information about subscription and commission fees can be found on a bank website.

2. An E-broker executes trades for an investor in exchange for commissions.

3. E-broker is an online system which provides Intermediaries with the facility to obtain basic decisions in principle and produce key facts.

4. E-broker provides electronic, usually internet-based access to client accounts.

5. It is available to all regulated Intermediaries and allows to discover how much clients can borrow and view the range of mortgage products available to them.

6. By taking advantage of the internet, an online broker can also deliver timely news, information, real-time quotes and charts.

7. An e-broker may further reduce costs, and therefore commissions, by having minimal customer service.

8. An e-broker may also have access to electronic quotation services that bypass the costs of dealing with the major stock exchanges.

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