TD Ameritrade: U.S. Brokerage to End Commissions for Online Stock, ETF, Option Trades

Date : 10/01/2019 @ 10:53PM
Source : Dow Jones News
Stock : TD Ameritrade Holding Corporation (AMTD)
Quote : 39.6  -0.6 (-1.49%) @ 12:59AM
After Hours
Last Trade
Last $ 39.60 ◊ 0.00 (0.00%)

TD Ameritrade: U.S. Brokerage to End Commissions for Online Stock, ETF, Option Trades

TD Ameritrade (NASDAQ:AMTD)
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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)

Copyright (c) 2019 Dow Jones & Company, Inc.

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