Fidelity offers Zero Comm on 25 iShare ETFs

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)

 

checking spreads midday: SPY 1 cent (150M Shrs trades), IVV 2-3 cents (2.5M shares traded).

 

another way of a dishonest broker trying to lure naive traders into the trap and then front run them.

 

Exactly. They will sell orders on the floor.
Thanks. I am with IB and I am a Fidelity hater.

 

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.

 

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.

 

I would suggest that if you <em>don't</em> worry about bid/ask, you don't have a snowball's...

 

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.

 

"market makers"??

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

 

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 ...