Online Brokers Hurting From Stock-Trading Drop Push Options
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Glyn O’Connell is the kind of customer online brokerage firms like TD Ameritrade Holding Corp. and Charles Schwab Corp. want.
“I’ve spent more than $10,000 in commissions in past years,” said O’Connell, a TD Ameritrade customer who lives in Brisbane, Australia, and transitioned from stocks to options and futures. “You can easily recover that, but it adds up.”