Fundsters interested in the online, discount brokerage business may want to take a look at a Thursday Wall Street Journal
article on Fidelity
. Jane Kim reports
that, starting Thursday, the Boston-based mutual fund titan will allow certain online brokerage customers (those with at least $1 million with the firm, or those with at least $25,000 who make more than 120 trades each year) to directly trade foreign currencies and stocks.
"It's designed for more active, more engaged customers," James Burton
, president of Fidelity's retail brokerage business, told the WSJ.
, the Financial Times
and RIA Biz
also covered the news.
Neil Anderson, Managing Editor
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