The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Another Online Brokerage Firm Crashes the ETF Party Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, October 8, 2010

Another Online Brokerage Firm Crashes the ETF Party

News summary by MFWire's editors

It's Friday and TD Ameritrade is starting the weekend off with a bang. The online brokerage said starting today, it will allow its customers to buy and sell more than 100 exchange traded funds with no commission, according to a USA Today report .

The 101 ETFs that qualify for no-commission trades were selected as the best in their categories by Morningstar and include offerings from BlackRock's iShares, Vanguard and State Street. Short-term investors who do not hold the ETF for 30 calendar days will still be charged the brokerage's standard $9.99 per trade commission.

TD Ameritrade's move signals its willingness to duke it out with rivals Charles Schwab, Vanguard and Fidelity, who all currently have similiar free ETF trades programs. However, Vanguard's free-commission deal is restricted to its own 47 ETFs and Fidelity offers free trading in 25 iShares ETFs.

To be sure, the industry-wide no-commission offers for ETFs have not spurred investors into the investments, according to Matthew Hougan, president of ETF analytics at Index Universe.  

Edited by: Hung Tran

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use