Major Group SIC 62 - Security And Commodity Brokers, Dealers...

SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services

SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes establishments engaged in the underwriting, purchase, sale, or brokerage of securities and other financial contracts on their own account or for the account of others; and exchanges, exchange clearinghouses, and other services allied with the exchange of securities and commodities.

Industry trends:

The Security and Commodity Brokers, Dealers, Exchanges, and Services industry (SIC 62) is experiencing significant transformation driven by technological advancements and evolving market dynamics. One notable trend is the increasing adoption of fintech solutions which have streamlined operations, improved transaction efficiencies, and enhanced customer experiences. Companies in this sector are leveraging artificial intelligence and machine learning to provide personalized investment advice and effectively manage vast datasets.

Another emerging trend is the rise of digital assets and cryptocurrencies, which have gained traction as viable investment options. This has led to a surge in demand for skilled professionals with expertise in blockchain technology and digital asset management. Regulatory frameworks around these new asset classes are also evolving, influencing the strategic directions of businesses within the industry.

In addition, there is a growing emphasis on sustainability and ESG (Environmental, Social, and Governance) investing. Investors are increasingly seeking to align their portfolios with environmental and social values, prompting brokers and dealers to incorporate ESG criteria into their offerings and reporting methodologies. The near future is likely to witness tighter regulations across ESG disclosures, impacting compliance and operational strategies.

Looking ahead, the industry is forecasted to continue its digital transformation journey, increasingly relying on advanced analytics and automation to drive growth and operational efficiency. As market volatility persists, risk management solutions are expected to be prioritized, with firms focusing on building resilience against economic uncertainties. In sum, innovation and adaptation to regulatory landscapes will be key factors shaping the strategic priorities of entities within the SIC 62 category in the coming years.

This industry is comprised of:

SIC 621 - Security Brokers, Dealers, And Flotation

SIC 622 - Commodity Contracts Brokers And Dealers

SIC 623 - Security And Commodity Exchanges

SIC 628 - Services Allied With The Exchange Of Securities

Explore related industries:

SIC 60 - Depository Institutions SIC 64 - Insurance Agents, Brokers, And Service SIC 67 - Holding And Other Investment Offices

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