Questions Linger Even as Brokers Shed More Light on Stock Trades
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Does your retail brokerage do a good job completing trades in the U.S. stock market? Anyone wondering now has a bit more information to ponder, but some experts think it’s still far from enough.
Charles Schwab Corp., Fidelity Investments and Scottrade Inc. now reveal what they save customers per order in an easy-to-understand format -- in other words, how much prices on the orders they handled were better than what was otherwise available. In the first quarter, average savings ranged from 5 cents per trade for the smallest orders up to $27.45 for the biggest.