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-0.00109679188374004 -0.00164518782560996 0.000137098985467578 0.000411296956402538 -0.00260488072388261 -0.00370167260762265 -0.00397587057855761 -0.00493556347683026
Stock impact report

Fidelity follows rivals in cutting online trading commissions to zero [Reuters (UK)]

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Company Research Source: Reuters
Fidelity follows rivals in cutting online trading commissions to zero - Reuters 2 Min Read Oct 10 (Reuters) - Fidelity Investments on Thursday eliminated commissions on online trades of U.S. stocks, exchange traded funds (ETFs) and options, becoming the latest brokerage to cut trading fees to compete with new entrants in the market. Last week, rivals Charles Schwab Corp, TD Ameritrade and E*Trade Financial also stopped charging commissions on online trades. Newer rivals such as Menlo Park, California-based startup brokerage Robinhood have been capturing market share in recent years by offering commission-free stock trades, forcing traditional brokerages to follow suit. The firms are able to offer the free trading by selling their customers’ orders to so-called wholesale market makers, such as Citadel Securities and Virtu Financial, which aim to make a profit on the spread between the bid and the offer on the shares. Fidelity said the change will take effect on Thursday for individual Show less Read more
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