Charles Schwab & Co. Inc. said Tuesday that it has reduced the cost of online option trades for domestic retail investors.
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As of April 1, investors that place 30 or more trades per quarter or that have household assets of more than $1 million are to pay $9.95 per trade, plus 95 cents per contract, down from $1.40 per contract, the San Francisco brokerage company said.
The price cuts add to Schwab's options offering for active traders, including option specialists to help customers, trading specialists available 24 hours a day-seven days a week, easier research and trading, and educational programs and tools.
