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NetworkNewsBreaks – Fidelity Ditches Commissions on Stock Trades, Joins All-Out Broker Price War

Company: Fidelity Investments
Category: News

An article published today by CNN Business and written by Hanna Ziady indicates that Fidelity Investments has joined an all-out price war among its rivals as the latest major broker to do away with commissions on online stock trades. Fidelity, one of the world’s largest asset managers, announced on Thursday that it will no longer charge customers to trade US stocks, exchange-traded funds (“ETFs”) or options. This follows a growing list of brokers that have, in quick succession, slashed online trading fees, including Charles Schwab (NYSE: SCHW), TD Ameritrade (NASDAQ: AMTD) and E-Trade (NASDAQ: ETFC). The pace of change across the industry has unnerved investors, concerned about how it will affect profits, and presents a new challenge for brokers to differentiate in an increasingly crowded market where price is no longer a selling point. “In a world of equal footing, it’s all about what you are offering,” Steve Quirk, an executive at TD Ameritrade, said during a recent interview with CNN Business.

To view the full press release, visit http://nnw.fm/pWIg8

About Fidelity Investments

Fidelity Investments is an American multinational financial services corporation based in Boston, Massachusetts. Fidelity offers financial planning and advice, retirement plans, wealth management services, and trading and brokerage services. For more information, visit the company’s website at www.Fidelity.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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