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NAICS Code· 523120

NAICS 523120: Securities Brokerage

NAICS 523120 - Securities Brokerage covers establishments primarily engaged in the buying and selling of stocks, bonds, and other securities. This includes firms that act as brokers, dealers, or agents in the execution of securities transactions, as well as those providing investment advisory services and brokerage-related financial management.

9
Active Contracts
1
Median Bidders per Award
+0.0%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 523120.

AI Industry Description

NAICS 523120 - Securities Brokerage covers establishments primarily engaged in the buying and selling of stocks, bonds, and other securities. This includes firms that act as brokers, dealers, or agents in the execution of securities transactions, as well as those providing investment advisory servic...

NAICS 523120 - Securities Brokerage covers establishments primarily engaged in the buying and selling of stocks, bonds, and other securities. This includes firms that act as brokers, dealers, or agents in the execution of securities transactions, as well as those providing investment advisory services and brokerage-related financial management. In the government contracting landscape, this sector typically involves the management of specialized financial assets, the execution of treasury-related transactions, or the provision of brokerage services for government-managed funds and portfolios.

Competition

How many companies historically bid on federal awards in NAICS 523120, from bidder counts reported on USAspending.

Usually Single-Bid

Half or more of reported awards drew exactly one bidder, usually a sign of incumbent-held work rather than an open field. · 76 reported awards

Median Bidders

1

Per reported award, all-time

Single-Bid Awards

75%

Share of reported awards with one bidder

10+ Bidder Awards

0%

Share of reported awards with 10+ bidders

Reported Awards

0

96% of 79 total awards

How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.

Industry FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
523120This Code
Securities Brokerage
Usually Single-Bid175%
7696% of 79
52312NAICS Industry
Usually Single-Bid175%
7696% of 79
5231Industry Group
Securities and Commodity Contracts Intermediation and Brokerage
Usually Single-Bid160%
1,00492% of 1,094
523Subsector
Usually Single-Bid176%
29,55095% of 31,253
52Sector
Finance and Insurance
Usually Single-Bid171%
55,86385% of 65,585

Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.

Related NAICS Codes

Industries similar to Securities Brokerage, by shared sector, subsector, and industry group.

Investment Banking and Securities Intermediation

This industry comprises establishments primarily engaged in underwriting, originating, and/or mainta...
523150Same Industry GroupHigh Similarity

Commodity Contracts Intermediation

This industry comprises establishments primarily engaged in acting as principals (i.e., investors wh...
523160Same Industry GroupHigh Similarity

Securities and Commodity Exchanges

This industry comprises establishments primarily engaged in furnishing physical or electronic market...
523210Same SubsectorMedium Similarity

Miscellaneous Intermediation

This industry comprises establishments primarily engaged in acting as principals (except investment ...
523910Same SubsectorMedium Similarity

Portfolio Management and Investment Advice

This industry comprises establishments primarily engaged in managing the portfolio assets (i.e., fun...
523940Same SubsectorMedium Similarity

Trust, Fiduciary, and Custody Activities

This U.S. industry comprises establishments primarily engaged in providing trust, fiduciary, and cus...
523991Same SubsectorMedium Similarity

Miscellaneous Financial Investment Activities

This U.S. industry comprises establishments primarily engaged in acting as agents and/or brokers (ex...
523999Same SubsectorMedium Similarity

Monetary Authorities-Central Bank

This industry comprises establishments primarily engaged in performing central banking functions, su...
521110Same SectorMedium Similarity

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NAICS 523120 FAQ

Frequently Asked Questions

NAICS code 523120 stands for Securities Brokerage. It is a North American Industry Classification System code used by the federal government to classify business activity for procurement and contracting purposes.

Recently Posted in Securities Brokerage

NAICS: 523120
New
SLED
Securities Brokerage & Trading ServicesThis subcontract for Securities Brokerage and Trading Services supports the City Treasurer's Office in California by executing the purchase and sale of securities for municipal bond investment projects. The selected provider will trade in corporate notes, commercial paper, Federal Agency securities, and Treasuries to ensure the best relative value for prime contractors. Key deliverables include the execution of securities transactions, the provision of trade confirmations, and all necessary transaction documentation. To qualify for this role, the contractor must maintain FINRA registration and hold the required State of California licensing. Additionally, strict adherence to SEC Rule 15c3-1 is mandatory. The solicitation was posted on September 15, 2026, with a response deadline of October 9, 2026, falling under NAICS code 523120.
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POSTED

1 day ago

DEADLINE

in 23 days
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NAICS: 523120
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5 days ago

DEADLINE

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NAICS: 523120
International
Customs Brokerage ServicesThis subcontract for Customs Brokerage Services supports prime contractors on projects for the Ministry of Agriculture, Fisheries and Mining within the Government of Jamaica. The service provider is responsible for managing customs entries, ensuring full compliance with import regulations, and coordinating the release of goods at the Port of Entry through the use of official customs filing systems and regulatory portals. To qualify for this role, the provider must hold a Licensed Customs Broker certification. The primary objective of the contract is to deliver cleared and released shipments that are ready for immediate haulage, operating under NAICS code 523120.
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POSTED

23 days ago

DEADLINE

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NAICS: 523120
Closed
SLED
Debt Issuance & Bond Structuring AdvisoryDekalb County Board of Education is seeking advisory services for debt issuance and bond structuring to optimize borrowing costs while ensuring full compliance with market practices and regulatory requirements. The contractor will provide expert guidance on the timing of bond issuances, the design of maturity schedules, the inclusion and structure of call provisions, and the development of pricing strategies aimed at reducing interest expenses and enhancing financial efficiency. The services are critical to aligning the county’s capital financing goals with current economic conditions and investor expectations. The engagement is structured as a subcontract under NAICS code 523120, which corresponds to financial investment activities, and is open for proposals through August 27, 2026. All recommendations must reflect a deep understanding of municipal bond markets, federal and state compliance frameworks, and risk management principles. While no specific geographic location is designated for performance, the advisor must be adept at navigating the regulatory environment applicable to Georgia public educational entities. The goal is to secure cost-effective, transparent, and sustainable financing solutions that support long-term educational infrastructure and operational needs without compromising fiscal integrity.
Dekalb County Board of Education

POSTED

about 2 months ago

CLOSED

20 days ago
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NAICS: 523120
Closed
SLED
Bond Underwriting & Syndication ManagementThis contract entails managing the full underwriting lifecycle for tax differential revenue and special assessment bonds. Responsibilities include leading syndicate formation, coordinating due diligence efforts, and ensuring smooth execution of bond closings. The role focuses on overseeing these critical financial processes to facilitate successful bond issuance and syndication. The opportunity is classified under NAICS code 523120 and is issued as a subcontract by the state of Utah. The solicitation was posted on June 10, 2026, with a response deadline of June 24, 2026. Although specific location details and contacts are not provided, the contract centers on bond underwriting and syndication management, highlighting a specialized financial service within public-sector bond issuances.
Utah

POSTED

3 months ago

CLOSED

3 months ago
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NAICS: 523120
Federal
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POSTED

4 months ago

DEADLINE

in 11 months
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NAICS: 523120
Federal
North American Securities Brokerage & SettlementThe North American Securities Brokerage and Settlement subcontract, managed by the Office of Acquisition for the United States International Development Finance Corporation, involves the sales, trading, and settlement of publicly traded securities for prime contractors on DFC projects. The selected provider will execute equity trades and settle securities through major North American stock exchanges, delivering comprehensive executed trades and settlement reports. Eligible candidates must maintain licensed brokerage status, hold a valid SAM.gov registration, and possess demonstrated experience servicing institutional investors, such as sovereign wealth funds or multilateral development banks. This opportunity is categorized under NAICS code 523120, with the place of performance located in Washington, DC. The response deadline for this solicitation is July 30, 2027.
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POSTED

4 months ago

DEADLINE

in 11 months
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NAICS: 523120
Federal
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Office Of Acquisition

POSTED

4 months ago

DEADLINE

in 11 months
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NAICS: 523120
Federal
Asian Securities Brokerage & SettlementThe United States International Development Finance Corporation Office of Acquisition is seeking a subcontractor for Asian Securities Brokerage and Settlement. The selected provider will perform sales, trading, and settlement of publicly traded securities for prime contractors on DFC projects, specifically executing equity trades within India and Southeast Asia through local affiliates. Key deliverables include the execution of trades and the provision of detailed settlement reports, with a focus on reporting average trading volumes in emerging markets. To be eligible, candidates must possess licensed brokerage status, maintain an active SAM.gov registration, and demonstrate significant experience as an institutional investor. This opportunity falls under NAICS code 523120 and is based in Washington. The response deadline for this requirement is July 30, 2027.
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POSTED

4 months ago

DEADLINE

in 11 months
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NAICS: 523120
Federal
European Securities Brokerage & SettlementThe European Securities Brokerage and Settlement subcontract, managed by the United States International Development Finance Corporation Office of Acquisition, involves the sales, trading, and settlement of publicly traded securities for prime contractors on DFC projects. The scope specifically focuses on executing equity trades and settlements within European markets, with a particular emphasis on emerging markets in Eastern Europe. The contractor is responsible for delivering executed trades and detailed settlement reports. To be eligible, providers must maintain licensed brokerage status, hold a valid SAM.gov registration, and possess demonstrated experience working with institutional investors. This opportunity falls under NAICS code 523120 and is based in Washington, DC. The response deadline for this requirement is July 30, 2027.
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POSTED

4 months ago

DEADLINE

in 11 months
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NAICS: 523120
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Latin American Securities Brokerage & SettlementThe Latin American Securities Brokerage and Settlement subcontract, managed by the United States International Development Finance Corporation Office of Acquisition, involves the sales, trading, and settlement of publicly traded securities for prime contractors on DFC projects. The scope specifically focuses on executing equity trades within Brazil and Mexico through local affiliates and reporting trading volumes across emerging markets. The primary deliverables include executed trades and detailed settlement reports. Eligible providers must maintain licensed brokerage status, hold a valid SAM.gov registration, and possess documented experience as an institutional investor. This opportunity falls under NAICS code 523120 and is based in Washington, DC. The response deadline for this requirement is July 30, 2027.
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POSTED

4 months ago

DEADLINE

in 11 months
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NAICS: 523120
Closed
SLED
Digital Asset Trading Execution ServicesThis contract involves providing comprehensive institutional trading execution services for digital assets, encompassing trade execution, settlement, reporting, and adherence to both internal policies and relevant regulatory frameworks. The engagement is structured as a subcontract with a focus on ensuring compliance and operational efficiency in managing digital asset transactions. Issued by the Comptroller of Public Accounts of Texas, the contract is categorized under the NAICS code 523120, which pertains to securities and commodity contracts brokerage. The solicitation was posted on May 7, 2026, with a response deadline set for June 15, 2026. While specific details about the place of performance and points of contact are not provided, interested parties can find further information via the Texas state procurement platform.
Comptroller of Public Accounts

POSTED

4 months ago

CLOSED

3 months ago
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