NEW YORK--(BUSINESS WIRE)-- ETRADE Financial Corporation (NASDAQ:ETFC) announced today a significant reduction to its trade commissions to $6.95, down from $9.99. Further, the Company is introducing an active trading program and pricing tier for its most engaged customers who execute 30+ trades per quarter (down from a previous active trading tier of 150+ trades per quarter). In this new customer tier commissions for trades will be $4.95, and options charges will be $0.50 per options contract, down from $0.75. The new program is designed specifically with ETRADE's active equity and derivative traders in mind. The new commissions are scheduled to become effective March 13, 2017.
Submitted March 02, 2017 at 11:13AM by jheizer http://ift.tt/2lDKwBe
