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January 02, 2007
No-Commision Stock Trading
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The implications of this move are very broad. As BofA starts the price war, along with Zecco, commissions on stock trading are going to fall fast. Various news sources have already covered the BofA move, and many predict a rapid fall in trading fees across the board as trading stock becomes a commodity service and other firms seek to emulate BofA. What stands to be seen is how successful BofA will be in luring customers away from the likes of E*Trade, Schwab, TD Ameritrade, etc.
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Posted on January 2, 2007 09:40 PM by bank o650.
Filed in Money in the Bank under bank of america.
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