TD Waterhouse Discount Brokerage announces new trading platform and new commission rate structure for active investors.
Canada's leading discount broker to offer rates as low as $9.99 to its
most active investors
TORONTO, Feb. 3 /CNW/ - TD Waterhouse Discount Brokerage, a division of
TD Waterhouse Canada Inc., and Canada's leading discount broker, today
announced the upcoming launch of its new fully featured Active Trader platform
and, with it, new commission rates for active investors.
Industry-leading platform will provide more information, faster
The customizable TD Waterhouse Active Trader platform will provide
clients with more access and more information, faster than ever before and
includes:
- Streaming real-time quotes and news via multiple watch lists
- Fast point-and-click order entry and direct-to-market access for
Canadian and U.S. equities and options
- Customizable streaming technical charts to monitor trends and move
with the markets.
- Real-time account and margin updates and live profit and loss
summaries
- Streaming real-time option chains and access to sophisticated auto
routing technology for fast and reliable trade execution
"We're very excited about TD Waterhouse Active Trader, which is designed
to meet the unique needs of active investors," said John See, President, TD
Waterhouse Discount Brokerage. "This new platform is part of TD Waterhouse's
overall strategy to build our active investor business in Canada - a strategy
that includes our recent acquisition of Ameritrade Canada."
Lower commission rates for active investors regardless of platform they
choose
Whether clients choose to stay with TD Waterhouse Discount Brokerage's
popular WebBroker platform or use TD Waterhouse Active Trader, all active
investors who meet minimum activity requirements will benefit from the new
commission schedule.
Those who trade equities or options at least 30 times per quarter will
enjoy a new rate of $14.99 flat on US equities. Canadian equity orders will be
charged $14.99 up to 1500 shares and 1 cent per share thereafter. Option
trades for these clients will be just $14.99 plus $1.25 per contract.
For investors who trade at least 150 times per quarter, a rate $9.99 flat
will apply for US equities. $9.99 will be charged for Canadian orders up to
1,000 shares and 1 cent per share thereafter. Option trades for these clients
will be just $9.99 plus $1.25 per contract.
The new rate structure comes into effect March 20, 2006. Clients who do
not meet the minimum trade activity level will be unaffected by the recent
changes and will continue to receive the same superior service that they
currently enjoy.
"With this change, our commission schedule for active investors will be
one of the most competitive in the marketplace. And whether our clients
continue to trade on WebBroker, TalkBroker or TeleMax or move to TD Waterhouse
Active Trader, we think they'll appreciate both having a choice and the fact
that the new rate schedule applies to either platform if the minimum
requirements are met," said See.
TD Waterhouse is part of Wealth Management at TD Bank Financial Group.
About TD Bank Financial Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group serves more than 14 million
customers in four key businesses operating in a number of locations in key
financial centres around the globe: Canadian Personal and Commercial Banking
including TD Canada Trust; Wealth Management including TD Waterhouse;
Wholesale Banking, including TD Securities; and U.S. Personal and Commercial
Banking through TD Banknorth. TD Bank Financial Group also ranks among the
world's leading on-line financial services firms, with more than 4.5 million
on-line customers. TD Bank Financial Group had CDN$365 billion in assets, as
of October 31, 2005. The Toronto-Dominion Bank trades on the Toronto and New
York Stock Exchanges under the symbol "TD".
For further information: visit www.tdwaterhouse.ca or contact: Kelly
Hechler, Media Relations, TD Bank Financial Group, (416) 982-2469,
kelly.hechler@td.com |
