By Josh Beckerman

TD Ameritrade Holding Corp. (AMTD) said its U.S brokerage firm will eliminate commissions for its online exchange-listed stock, ETF and option trades, effective Thursday.

The company expects the move to reduce revenue by about $220 million to $240 million per quarter.

The move follows Charles Schwab Corp.'s (SCHW) announcement that it would end commissions for online stock trades.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

October 01, 2019 18:38 ET (22:38 GMT)

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