News | 10.09.19
ETF Firms Hit by E-Broker Price War
Exchange-traded fund (ETF) providers have been hit by fallout from the e-broker price war. Charles Schwab last week announced plans to eliminate commissions on stock trades. Schwab's key rivals soon followed suit. Analysts point to arrangements that the ETF providers have signed in recent years with Schwab, TD Ameritrade, and other online brokerages, which allow hundreds of their ETFs to be traded commission-free on those brokers' platforms.
Read the full article on Wall Street Journal