Sky
February 2, 2010
Reference:
TARA SIEGEL BERNARD (February 2, 2010, 11:16 am) Fidelity Cuts Trading Fees and Waives Commissions on 25 E.T.F.’s. The New York Times, Retrieved February2,2010. http://bucks.blogs.nytimes.com/2010/02/02/fidelity-cuts-trading-fees-waives-commissions-on-25-etfs/?ref=business.
Summary:
Fidelity cuts there trading fees $7.99, and all of brokerages can free traded at least three years. It can help customers to lower costs and taxes. The present of Fidelity Investments said they had thought customers had a lot of choices in the society. They wanted to issue three times as many E.T.F.’s as Schwab including bond offerings; they also want to set up investment portfolios for customers. Unfortunately, the fidelity still does not provide the lowest trading commissions in the industry, but the adjustment does help them to defeat some competitors.
Reaction:
Fidelity that way means their group still worried about business marketplace. They wanted using small profits but quick turnover policy instead of losing money. Every company don’t want to cut their profits in order to attract new customers or much more transfer quantity. But it is better people which had their company account. Although they surrender part of the profits for customer, they still more expensive than other competitors. But this way can promote customers choosing online deal.
Vocabulary:
Commissions: an authoritative order, charge, or direction.
Waive: to refrain from claiming or insisting on; give up; forgo: to waive one's right; to waive one's rank; to waive honors.
Trading: the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries: domestic trade; foreign trade.
Undercutting: to cut under or beneath.
Announced: to make known publicly or officially; proclaim; give notice of: to announce a special sale.
Proprietary: an owner or proprietor.
Mutual: possessed, experienced, performed, etc., by each of two or more with respect to the other; reciprocal: to have mutual respect.
Various: of different kinds, as two or more things.
Investors: A person who purchases income-producing assets.
Platform: a horizontal surface or structure with a horizontal surface raised above the level of the surrounding area.
Portfolios: a list of the financial assets held by an individual or a bank or other financial institution.
Purchased: buy.
Representative: person or thing that represents another or others.