Security and commodity contracts brokerage

NACE v2.0 Code: K66.12

About security and commodity contracts brokerage

NACE code 66.12 covers the security and commodity contracts brokerage industry, which plays a vital role in the financial services sector. This industry facilitates the trading of various financial instruments, including stocks, bonds, derivatives, and commodities, connecting buyers and sellers in the marketplace. As an intermediary, security and commodity brokers help individuals and organizations manage their investments, mitigate risks, and capitalize on market opportunities, contributing to the overall efficiency and liquidity of financial markets.

Production process

The core activities of security and commodity contracts brokers involve the execution of buy and sell orders on behalf of clients. Brokers use specialized trading platforms, software, and communication systems to monitor market conditions, analyze financial data, and execute transactions in a timely and efficient manner. They also provide advisory services, helping clients develop investment strategies, manage portfolios, and make informed decisions based on their financial goals and risk tolerance.

Production inputs

The security and commodity contracts brokerage industry relies on a range of inputs, including highly skilled professionals such as financial analysts, traders, and investment advisors. Brokers also require access to real-time market data, research tools, and trading infrastructure, including secure communication networks and order management systems. Additionally, brokers must comply with various regulatory requirements and maintain robust compliance and risk management processes.

Production outputs

The primary outputs of the security and commodity contracts brokerage industry are the execution of buy and sell orders for a wide range of financial instruments, including 66.19 Other activities auxiliary to financial services, except insurance and pension funding, 64.20 Activities of holding companies, and 64.30 Trusts, funds and similar financial entities. Brokers also provide advisory services, portfolio management, and other value-added services to their clients, contributing to the overall efficiency and liquidity of financial markets.

Revisions to 66.12

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 66.12. The most recent 1 version of this code (66.12) is in the NACE v2.1 system:

This page shows a legacy version of code 66.12 ( NACE v2.0).

Newer versions

Related ISIC Codes

These isic codes are related to this econ code: (66.12).

ISIC code ISIC Version ISIC title
6612ISIC v4.0Security and commodity contracts brokerage

Related CPC Codes

These CPC codes are related to this econ code: (66.12).

CPC code CPC Version CPC title
71521CPC v2.1Securities brokerage services
71522CPC v2.1Commodity brokerage services
71592CPC v2.1Foreign exchange services

Family tree for security and commodity contracts brokerage

    graph LR
    A["<a href='/classifications/nace/v2/K'>K: FINANCIAL AND INSURANCE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2/K/66'>66: Activities auxiliary to financial services and insurance activities</a>"]
B --> C["<a href='/classifications/nace/v2/K/66/1'>66.1: Activities auxiliary to financial services, except insurance and pension funding</a>"]
C --> D["<a href='/classifications/nace/v2/K/66/12'>66.12: Security and commodity contracts brokerage</a>"]

    C --> E["<a href='/classifications/nace/v2/K/66/11'>66.11: Administration of financial markets</a>"]
C --> F["<a href='/classifications/nace/v2/K/66/19'>66.19: Other activities auxiliary to financial services, except insurance and pension funding</a>"]

    

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    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



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class C level3
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class E level4
class F level4

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