FYI: E*Trade Financial Corp. cut trading commissions to zero, joining major rivals in the race to the bottom and setting the stage for mergers among discount brokerages.
The end to commissions on U.S. listed stock, ETFs and options trades will go into effect Oct. 7, New York-based E*Trade said in a release Wednesday. Its options contract charge will be cut to 65 cents per contract for all traders. E*Trade estimates a loss of approximately $300 million per year in revenue from the drop in commissions.
Regards,
Ted
https://www.fa-mag.com/news/e-trade-joins-rivals-by-ending-commissions-in-race-to-the-bottom-51954.html?print
