Fidelity offers Zero Comm on 25 iShare ETFs

Discussion in 'ETFs' started by shortie, Feb 2, 2010.

  1. not a huge fan of fidelity but this does sound interesting:

    The best deal on
    ETFs. Period.

    * Trade the most commission-free
    iShares ETFs online – 25 in all*(effective February 3)

    * S&P 500 Value (IVE) Get quote for IVE. Opens in a new window.
    * Russell 1000 Value (IWD) Get quote for IWD. Opens in a new window.

    Large Cap. Blend.

    * S&P 500 (IVV) Get quote for IVV. Opens in a new window.
    * Russell 1000
    (IWB) Get quote for IWB. Opens in a new window.
    * Russell 3000
    (IWV) Get quote for IWV. Opens in a new window.

    Large Cap. Growth.

    * S&P 500 Growth
    (IVW) Get quote for IVW. Opens in a new window.
    * Russell 1000 Growth
    (IWF) Get quote for IWF. Opens in a new window.

    Mid Cap. Value.

    * S&P Mid Cap 400
    Value (IJJ) Get quote for IJJ. Opens in a new window.

    Mid Cap. Blend.

    * S&P Mid Cap 400
    (IJH) Get quote for IJH. Opens in a new window.

    Mid Cap. Growth.

    * S&P Mid Cap 400
    Growth (IJK) Get quote for IJK. Opens in a new window.

    Small Cap. Value.

    * S&P Small Cap 600
    Value (IJS) Get quote for IJS. Opens in a new window.
    * Russell 2000 Value
    (IWN) Get quote for IWN. Opens in a new window.

    Small Cap. Blend.

    * S&P Small Cap 600
    (IJR) Get quote for IJR. Opens in a new window.
    * Russell 2000
    (IWM) Get quote for IWM. Opens in a new window.

    Small Cap. Growth.

    * S&P Small Cap 600
    Growth (IJT) Get quote for IJT. Opens in a new window.
    * Russell 2000 Growth
    (IWO) Get quote for IWO. Opens in a new window.

    International Equity Index Funds

    * MSCI ACWI (ACWI) Get quote for ACWI. Opens in a new window.
    * MSCI EAFE (EFA) Get quote for EFA. Opens in a new window.
    * MSCI EAFE Small Cap (SCZ) Get quote for SCZ. Opens in a new window.
    * MSCI Emerging Markets
    (EEM) Get quote for EEM. Opens in a new window.

    Fixed Income Funds

    * Barclays Aggregate (AGG) Get quote for AGG. Opens in a new window.
    * Barclays TIPS (TIP) Get quote for TIP. Opens in a new window.
    * iBoxx $ Investment Grade
    Corporate (LQD) Get quote for LQD. Opens in a new window.
    * JP Morgan USD Emerging Markets
    (EMB) Get quote for EMB. Opens in a new window.
    * S&P National AMT-Free Municipal
    (MUB)
     
  2. checking spreads midday: SPY 1 cent (150M Shrs trades), IVV 2-3 cents (2.5M shares traded).
     
  3. another way of a dishonest broker trying to lure naive traders into the trap and then front run them.
     
  4. Exactly. They will sell orders on the floor.
    Thanks. I am with IB and I am a Fidelity hater.
     
  5. Right. So no-commish IVV is a better deal than SPY for <1000ish share traders -- commish savings pays for the extra spread.

    Would be nice if the Fido customer base pumps new liquidity into IVV and its spread shrinks down to a SPY-like level.
     
  6. If you're worried about an extra penny spread on an issue trading at $54.00, you don't have a snowball's chance in Hell anyway.
     
  7. I would suggest that if you <em>don't</em> worry about bid/ask, you don't have a snowball's...
     
  8. jsmooth

    jsmooth

    They are making markets in those ETF's (or getting paid nicely for that order flow)....They'll give you a free commission if your order gets routed to their market makers (it's just the new way of paying for some order flow!). A buddy of mine was a market maker for another firm like Fidelity years ago, and he could see the whole "book" of their customers’ orders. He made a boatload making markets for em and just ripping off the customer/”paper” all day. This was about 10+ years ago when the industry wasn’t so computer driven and there actually was traders sitting behind computer screens trading and not just monitoring a "program".....but you get the point, same shit different day.
     
  9. pitz

    pitz

    "market makers"??

    You mean, there isn't a natural market in those securities? They have to have a market 'made' for them??
     
  10. ken__0

    ken__0

    Its like an aa meeting hello
    im ken and im a fidelity hater.
    The old saying nothing in life is free,,, applies...
    i disagree with that saying but for the most part it holds true ...
     
    #10     Feb 6, 2010