Charles Schwab To Buy TD Ameritrade as Discount Broker War Heats Up

Stockbroker Charles Schwab $SCHW,the largest U.S. discount brokerage, is to buy TD Ameritrade $AMTD it was announced Thursday. Schwab has gained from the incredible volatility in the stock market bull market with NASDAQ at record highs. However competiton has seen brokerage rates plummet, Interactive Brokers $IBKR and E-Trade are two remaining competitors.