Ally Invest to End Trading Commissions, Joining Larger Rivals

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Online brokerage Ally Invest is eliminating commissions on U.S.-listed stocks, ETFs and options trades, joining larger rivals in making the move this week.

The firm’s per trade price of $4.95 will end on Oct. 9, the company said Friday in a statementBloomberg Terminal. Clients trading options will pay a contract fee of 50 cents.