Tidbits From Friday's Market
Roger Nusbaum submits: First up is that discount brokerage Charles Schwab (SCHW), where we custody client assets, is making meaningful progress with regard to accessing foreign stocks. Very soon, possibly this month, Schwab will make foreign ordinary shares available through the website making the access much cheaper than it is currently. Direct access to foreign exchanges is targeted for 2011 so this could be a few months away or a year and half. Apparently the firms that offer it now have quite a few restrictions (per Schwab) that Schwab hopes to bypass with its rollout.Given Schwab's presence in the industry, this is clearly several years overdue but it is a positive for do-it-yourselfers who are so inclined to put in the time needed to select individual foreign stocks. Trading tens of thousands of shares will still not be realistic but I do believe that dollar volume of $10,000-$20,000 with limit orders is realistic. While this is a good thing, all things in moderation.Complete Story »
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