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A Race to the Bottom?
200 SHARES 3,000 SHARES
AT $20 AT $10
FULL SERVICE:
AVERAGE COMMISSION $116.90 $672.59
DISCOUNT BROKERAGE:
AVERAGE COMMISSION 66.09 145.05
ONLINE RETAIL BROKERAGE**:
DLJDIRECT 20.00 60.00
E*TRADE 14.95*** 74.95***
FIDELITY BROKERAGE 14.95 14.95
DATEK SECURITIES 9.99 9.99
AMERITRADE 8.00 8.00
SURETRADE 7.95 7.95
**INTERNET TRADES
***ACTIVE TRADERS
DATA: CREDIT SUISSE FIRST BOSTON CORP., COMPANIES
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Updated Nov. 26, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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