Securities and commodity contracts intermediation and brokerage
This data is part of the Comphrensive Environmental Data Archive (CEDA) input-output database. This industry comprises establishments primarily engaged in: underwriting, originating, and/or maintaining markets for issues of securities. Investment bankers act as principals (i.e., investors who buy or sell on their own account) in firm commitment transactions or act as agents in best effort and standby commitments. This industry also includes establishments acting as principals in buying or selling securities generally on a spread basis, such as securities dealers or stock option dealers. Illustrative Examples: Bond dealing (i.e., acting as a principal in dealing securities to investors), Stock options dealing, Securities underwriting; acting as agents (i.e., brokers) between buyers and sellers in buying or selling securities on a commission or transaction fee basis. Illustrative Examples: Mutual fund agencies (i.e., brokerages), Stock brokerages, Securities brokerages; acting as principals (i.e., investors who buy or sell for their own account) in buying or selling spot or futures commodity contracts or options, such as precious metals, foreign currency, oil, or agricultural products, generally on a spread basis; acting as agents (i.e., brokers) in buying or selling spot or futures commodity contracts or options on a commission or transaction fee basis. Illustrative Examples: Commodity contracts brokerages, Financial futures brokerages, Commodity futures brokerages; furnishing physical or electronic marketplaces for the purpose of facilitating the buying and selling of stocks, stock options, bonds, or commodity contracts; acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account. Illustrative Examples: Investment clubs, Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors), Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors), Venture capital companies; managing the portfolio assets (i.e., funds) of others on a fee or commission basis. Establishments in this industry have the authority to make investment decisions, and they derive fees based on the size and/or overall performance of the portfolio. Illustrative Examples: Managing trusts, Pension fund managing, Mutual fund managing, Portfolio fund managing.