FYI: Online brokerages aren’t the only Wall Street firms jolted by Charles Schwab Corp.’s decision last week to eliminate commissions on stock trades.
Exchange-traded fund providers, such as BlackRock Inc. have also been hit by fallout from the e-broker price war, which escalated in the days after Schwab’s decision as rivals such as TD Ameritrade Holding Corp. cut their own commissions to match.
Regards,
Ted
https://www.wsj.com/articles/etf-firms-hit-by-e-broker-price-war-11570542930
