Brown & Company Options Base Commission Drops to $5 for Market Orders; JPMorgan Chase's Deep-Discount Broker Extends its $5 Price Offering to Options Trading.Business Editors BOSTON--(BUSINESS WIRE)--October 11, 2001 Brown & Company, the deep-discount brokerage unit of J.P. Morgan Chase & Co. (NYSE NYSE See: New York Stock Exchange : JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ), announced that it has lowered its options trading base commission to $5 for market orders ($10 for limit/stop orders) plus $1.50 per contract. The minimum online order will drop to $15 from $25 (broker assisted minimums will remain at $25). The new pricing applies to both online and broker assisted trades and is part of the brokerage's overall strategy to provide value to its experienced customer base. Brown & Company is consistently ranked among the lowest priced brokers, and has maintained its $5 trade price for equity market orders for the past 4 years. "Brown & Company has consistently led the brokerage industry in low cost pricing," said Kelly Mathieson, senior vice president for marketing at Brown & Company. "We recognize that low option commissions are very important to the experienced investor and are pleased to set the standard for deep discount trading by adding this pricing to our value package." Brown & Company offers stock options on the major exchanges and is one of the few brokerages to provide approval for options trading in IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. accounts for its experienced customer base. Brown & Company was recently named "Best of the Web" by Forbes.com in its annual survey (February 2001) and ranked #1 for Overall Excellence in Bankrate.com's Online Brokerage Survey (2001). Brown & Company, a wholly-owned subsidiary of J.P. Morgan Chase & Co., is the seventh largest online brokerage firm nationwide. Brown & Company is a deep discount broker The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. for experienced investors who make their own investment decisions, and who are willing and able to manage their own accounts. It is headquartered in Boston, Mass. J.P. Morgan Chase & Co. is a leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm with assets of over $700 billion and operations in more than 50 countries. With relationships with over 99% of the Fortune 1000 companies, the firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services, retail and middle market financial services, and e-finance. A component of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the internet at www.jpmorganchase.com. |
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