Financial Services >> Analyst Interviews >> July 9, 2001

Electronic Brokers: L.russell Keene Iii – Keefe, Bruyette & Woods Inc

L. RUSSELL KEENE III is a Vice President at Keefe, Bruyette & Woods, Inc. covering the electronic brokerage industry, including companies in the direct access brokerage space. Prior to joining KBW, Mr. Keene followed electronic brokerage stocks for Putnam, Lovell, de Guardiola & Thornton. Before focusing on the online brokers, he worked with Dean Eberling, studying traditional brokers and money management firms for Putnam Lovell and Salomon Smith Barney as a Research Associate, and before that as a Junior Analyst working at Prudential Securities. Mr. Keene received his MBA from the University of Tampa in 1993. Profile
TWST: Will you begin by telling us how online brokerage differs from the

direct access brokerage platform?

Mr. Keene: Just to clarify, although they're converging, the two are

still somewhat