Tools commonly used in the Money Brokers industry for day-to-day tasks and operations.

• Bloomberg Terminal
• Reuters Eikon
• Tradeweb
• MarketAxess
• CME Globex
• EBS
• FXall
• 360T
• Tullett Prebon Information
• ICAP Information

Common products and services typical of NAICS Code 523999-05, illustrating the main business activities and contributions to the market.

• Foreign currency exchange
• Bond trading
• Stock trading
• Derivatives trading
• Commodities trading
• Interest rate swaps
• Forward rate agreements
• Credit default swaps
• Equity swaps
• Currency swaps

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Series 7: A license that allows individuals to sell securities products such as stocks, bonds, and mutual funds. It is issued by the Financial Industry Regulatory Authority (FINRA).
• Series 63: A license that allows individuals to sell securities products within a state. It is issued by FINRA.
• Series 65: A license that allows individuals to provide investment advice and manage client portfolios. It is issued by FINRA.
• Certified Financial Planner (CFP): A certification that requires individuals to pass an exam covering financial planning, taxes, insurance, estate planning, and retirement. It is issued by the Certified Financial Planner Board of Standards.
• Chartered Financial Analyst (CFA): A certification that requires individuals to pass three exams covering investment management, ethics, and professional standards. It is issued by the CFA Institute.

A concise historical narrative of NAICS Code 523999-05 covering global milestones and recent developments within the United States.

• The "Money Brokers" industry has a long history dating back to the 17th century when the first money brokers emerged in London. These brokers acted as intermediaries between merchants and lenders, helping to facilitate trade by providing credit and financing. Over time, the industry expanded to include a wider range of financial services, such as foreign exchange and securities trading. In the United States, the industry grew rapidly in the 20th century, with the establishment of the Federal Reserve System in 1913 and the subsequent growth of the banking sector. In recent years, the industry has faced challenges due to increased regulation and competition from new financial technologies.

The anticipated future trajectory of the NAICS 523999-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Money Brokers industry in the USA is positive. The industry is expected to grow due to the increasing demand for financial services and the rise in the number of investors. The industry is also expected to benefit from the growth of the global economy and the increasing number of international transactions. However, the industry may face challenges due to the increasing competition from other financial service providers and the changing regulatory environment. Overall, the industry is expected to continue to grow in the coming years.

Recent groundbreaking advancements and milestones in the Money Brokers industry, reflecting notable innovations that have reshaped its landscape.

• The use of blockchain technology to facilitate transactions and reduce costs.
• The development of new financial products and services to meet the changing needs of customers.
• The use of artificial intelligence and machine learning to improve the efficiency of operations and provide better customer service.
• The expansion of the industry into new markets and regions.
• The adoption of new regulatory frameworks to ensure compliance with changing laws and regulations.