Why are there so many securities companies? What are securities companies competing for?

Because the securities market is very large, it is impossible for a brokerage firm to achieve full coverage, so it needs a number of securities companies.

What do securities companies compete for? In order to analyze the business carried out by securities companies. Securities companies have self-operated, brokerage, investment banking and other businesses, all involving funds and profits. Therefore, securities companies compete for market share and profit.