By Craig Trudell Feb. 2 (Bloomberg) — Fidelity Investments reduced online commissions for stock transactions in the U.S. to $7.95, joining Charles Schwab Corp. in cutting prices, and waived trading fees for 25 exchange-traded funds from BlackRock Inc.’s iShares unit. Fidelity, the world’s largest mutual-fund company, will stop charging different commissions depending on how often customers trade stocks beginning tomorrow, the Boston-based company said in a statement today. San Francisco-based Charles Schwab, the largest independent brokerage by client assets, cut its fee for online trading to $8.95 in January. Clients of Fidelity will also no longer have to pay to trade 25 ETFs including the iShares S&P 500 Index Fund, iShares Russell 2000 Index Fund, iShares Barclays Aggregate Bond Fund, iShares MSCI EAFE Index Fund and iShares MSCI Emerging Markets Index Fund. Options trades executed online will also cost $7.95, plus 75 cents per contract, Fidelity said. Telephone orders will cost $12.95 each, while transactions done through a Fidelity representative will cost $32.95. To contact the reporter on this story: Craig Trudell in New York at ctrudell1@bloomberg.net .
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Fidelity Cuts Online Commissions, Waives Trading Fee for 25 IShares ETFs
