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Headed for Extinction?

Traders Magazine, June 2001

Drew Sycoff

Charles Darwin would have a field day with the modern retail brokerage industry. After all, when you look at the industry's evolution over the past decade, it's a case study in natural selection. If it's true that only the most adaptive species will survive, then the role of the traditional broker in online trading is going the way of the dinosaur.

The Internet was the catalyst in a revolution in retail brokerage. Instant access to information and speed of communication combined to put more decision-making power into the hands of the retail consumer.

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