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Folio Investing has announced plans to offer commission-free trading windows to select BetterInvesting member clubs in an exclusive pricing agreement. Folio Investing is somewhat unique in the broker space as they allow investors to trade baskets of stock...
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We find news today that Vanguard Group is close to releasing its first application for the iPhone. This will be the first time a mutual fund company has developed a mobile application for its customers. TIAA-CREF is also said to be launching a mobile appl...
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The self-regulating body that oversees all 4,800 brokerage firms and over 647,000 registered representatives lost 27% of its own money on bad investments last year, according to reports in the Wall Street Journal. And we're not talking chump change, eithe...
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TradeStation Securities Group (TRAD) announced today it will launch a new division called "TradeStation Prime Services" catering to small- to medium-sized hedge funds. The company expects first accounts to be up and running in a month. The move is not sur...
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Summertime in the financial industry used to be anything but volatile. It wasn't all that long ago, for example, that most of Manhattan's financial centers would clear out for the entire month of August. But this summer, much like last summer, online brok...
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E*TRADE Financial Corporation (ETFC) announced today that it completed its common stock offering, raising $147 million after fees and commissions. It took a total of 80.2 million shares, sold at the market over the course of the last week, to reach their ...
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Every wondered where to set a stop-loss on a trade? Noodling on the right proft target or time horizon? The team at tradeMONSTER has a solution for you, and it's called "Exit Plan."When you enter a trade using tradeMONSTER's Adobe Air desktop application ...
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Crack Barron's reporter Theresa Carey uncovered a unique phenomenon in the online broker space: killing shorts. Carey was first alerted to the case by a reader in Houston who tried to short TD Ameritrade (AMTD) stock in his TD Ameritrade account. His orde...
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Last week was a busy one for accountants and analysts at major public brokerages as E*TRADE (ETFC) and Charles Schwab (SCHW) reported monthly metrics for August. Both firms added new accounts, and while Schwab doesn't report total accounts on a monthly ba...
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According to reports Fidelity and Vanguard are working together to form a new system designed to back up money market funds. The two firms are working together to create an entity they call the Liquidity Exchange Bank. The system will work similar to the ...
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tradeMONSTER announced today the launch of a new portfolio analysis tool. According to the announcement, the tool allows you to, "identify risk characteristics" of positions in your portfolio, assess a "risk profile" which looks at the position over time,...
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Recently the FDIC, in conjunction with marketing-maven Suze Orman, launched a PR website to help bank depositors understand what accounts and amounts are covered by the FDIC and what aren't. The case studies on the website are a little absurd considering ...
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A busy day for accountants and analysts as E*TRADE (ETFC) and Schwab (SCHW) reported monthly metrics for August today. Both firms added new accounts, and while Schwab doesn't report total accounts on a monthly basis E*TRADE is giving itself a high-five fo...
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E*TRADE Financial is still feeling the tug of a banking albatross around its neck as the Office of Thrift Supervision, E*TRADE's regulator of choice, told the firm on Monday that it must add $100 million to its balance sheet. E*TRADE subsequently announce...
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TD AMeritrade announced its monthly metrics for August today. Trading activity increased 71% year-over-year and 16% over last month. Client assets increased slightly over July, but are still off 5% from 2008 levels. No word on account growth. optionsXpres...
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Interactive Brokers (IBKR) announced a new app for the iPhone that allows account holders to enter and manage orders from their phone. With this launch the company joins the likes of optionsXpress (OXPS) and E*TRADE Financial (ETFC), both of which offer s...
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If you had an account with Ameritrade prior to September 14, 2007 chances are your email address was stolen in a data breach. A hearing was held today in a U.S. district court in San Francisco to determine a fair settlement. Though terms are not yet agree...
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optionsXpress Holdings (OXPS) reported key monthly metrics this morning and showed a not so surprising lack of life in the doldrums of August. DARTs* were flat with last year, slightly higher over July. The company added 2,500 net new accounts, which is a...
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Donald Layton is out as Chairman and CEO of E*TRADE Financial (ETFC) as of the end of this year. His contract is expiring and all things are going just as planned, according to the Board. An announcement was made by the company today.Eight consecutive qua...
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trade MONSTER announced today that it has launched a new product that allows users of their platform to make Twitter posts with one click. Any quote, trade or potential trade will now become possible fodder for a 140 character thought train by the user. A...
