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Rating:Investors Can Now Trade Foreign Stocks Via Fidelity Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, October 22, 2009

Investors Can Now Trade Foreign Stocks Via Fidelity

News summary by MFWire's editors

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.

Bloomberg, the Financial Times, Forbes, Reuters and RIA Biz also covered the news. 

Edited by: Neil Anderson, Managing Editor

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