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  • Zecco Sneaks Out New Beta Site; AMTD, OXPS

    Our super-sleuths have discovered some improvements happening behind the scenes at Zecco.com. The company has been hard at work upgrading its Web platform and is in the process of slowly rolling out and testing those improvements through an invite-only be...
  • E*TRADE Mobile Pro Launching on the Blackberry Storm; ETFC, RIMM, OXPS

    Not to be outdone by Fidelity's latest announcement that they've rolled an iPhone application, E*TRADE Financial (ETFC) let us know today that they're releasing a version of their very popular E*TRADE Mobile Pro product on the Blackberry Storm and Storm 2...
  • Fidelity Launches iPhone App For Mobile Traders; ETFC, OXPS, IBKR

    Fidelity is the only firm we're aware of tha actually has an internal Chief Wireless Officer, and now they've finally chosen to tackle iPhone App territory with a newly released application. The app covers the basics you would expect with market updates, ...
  • TradeStation Gets a Win; TRAD, OXPS, IBKR

    TradeStation Securities (TRAD) has had a rough go of it over the last year. We recently reported how they missed their own lowered guidance for Q4, a result of the broker price war, we assume. Other firms, such as optionsXpress (OXPS) and Interactive Brok...
  • Schwab Checks In, Trading Activity Up 23%; SCHW, AMTD, ETFC

    The Charles Schwab Corporation (SCHW) blessed us with January metrics today, and what a blessing it was. Trading activity for the firm increased 23% versus last month and 8% versus year-ago figures. While we always anticipate a good bump after a slow Janu...
  • TradeStation Takes a Bullet in Online Broker Price War; TRAD, IBKR, OXPS

    Apparently even the ability to trade as low as $1 per share isn't enough to shield TradeStation Group (TRAD) from the effects of an all-out price war. While the larger firms like Schwab and Fidelity fiddle with prices TradeStation burns -- and not in a go...
  • optionsXpress Checks In, Trades Up, New Accounts Flat; OXPS, ETFC, SCHW

    OptionsXpress reported their monthly metrics for January today and showed an expected jump in trading activity. DARTs increased 20% versus December and 10% over January 2009. Margin balances were up nearly 29% versus January 2009.Customer accounts also en...
  • E*TRADE Partners With PNC to Add Fee-Based Managed Portfolios; ETFC, SCHW, OXPS

    E*TRADE Financial (ETFC) added a line-up of actively managed portfolios to their mix of products today. We think it's a good move for E*TRADE and we'll explain why. But first, let's take a look at the details of the product. With minimum investment of $25...
  • Brokers: Update Your Price Comparison Charts. Again!; ETFC, SCHW, AMTD

    E*TRADE (ETFC) decided to join the "price war" on Friday, with a bit of a "better late than never attitude." This means that the standard price comparison chart, by which online brokers love to brag, will have to be updated across the board. (That means y...
  • A Fiduciary Soap Opera Unfolds on The Hill

    Few investors understand the difference between a broker* and a financial adviser. And that's the problem. The two are different and are regulated differently with much of the burden of fiduciary responsibility falling on the financial advisers, unlike wh...
  • Interactive Brokers Checks In, Holds Steady in January; IBKR, TRAD

    Interactive Brokers (IBKR) hit us with January metrics today and we see that the firm is holding steady on monthly gains. While 2009 was a really tough year for the broker, they were quick to admit deficits in areas like spreads, which shrank dramatically...
  • Fidelity Cuts Commissions As Ground Continues to Shift Beneath Brokers; SCHW, AMTD, ETFC

    Charles Schwab's (SCHW) reign as the Discount King (among the larger kingdoms, that is) is getting harder and harder to hang onto these days. While his subjects are happy with $8.95 equity trades and free trades on some ETFs and mutual funds, the sovereig...
  • TradeMONSTER Continues to Impress; OXPS, AMTD

    TradeMONSTER was in our little neck of the woods last weekend -- San Francisco -- with their Invest Like a Monster event. We had the pleasure to sit down with the team and to listen to a few of the talks from the optionMONSTER fellas. Guy Adami was his us...