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In the end, Wall Street may make less on each trade, and have fewer trades as well.
Ameritrade said its customers made an average of 12percentt fewer trades a day in March than in February.
The company said this week that its customers made 21percentt fewer trades on an average day in December than they did in the month a year earlier.
The old pricing structure required CyberX2 traders to make 250 trades to qualify for the $12.95 price, while customers who made fewer trades were charged $14.95.
Prices from the networks and from other exchanges will sink to the bottom of the screen, where they will presumably attract fewer trades.
And although exchanges insist that bear markets can be as busy (and profitable) as bull markets, they tend to translate into fewer trades and less money for exchanges.Yet Frank Zarb, Nasdaq's chairman, remains ebullient.
Similar(50)
Fewer new-car sales meant fewer trade-ins.
"There are fewer trade union issues, so logistically it's easier to get clearances.
America may well be heading for more green subsidies and fewer trade-distorting ones.
It was one fewer trade he had to make or free agent he had to sign.
In Europe fewer trade-displaced workers find new jobs quickly, but those who do take less of a pay cut.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com