brokerage

Scottrade Mobile lets you trade on the go

Scottrade Mobile puts all of the online brokerage's trading tools in the palm of your hand. It lets you conduct research on securities, manage your account, and place trade orders just as easily as you would on the full Web site.

From anywhere in the app, you can get stock readings by hitting the Get a Quote button on the bottom of the screen. Type in a ticker symbol or company name to bring up all of a stock's vitals, as well as options to find relevant news, set alerts, and add the stock to your Watch List. … Read more

Banking via mobile device jumps 54 percent

The number of people accessing their bank or brokerage accounts through mobile devices surged 54 percent in the fourth quarter last year compared with the same period in 2009, according to a new report from ComScore.

During the fourth quarter of 2010, 29.8 million Americans tapped into their bank, credit, or brokerage accounts via cell phones and other mobile devices, according to the Mobile Financial Advisor report released yesterday.

Drilling down further, 18.6 million people accessed their financial accounts via a mobile browser, 10.8 million used a mobile app, and 8.1 million used text messaging, said … Read more

E*Trade, TD Ameritrade to do M&A tango?

Cha, cha, cha.

Online brokerages E*Trade Financial and TD Ameritrade Holding reportedly are hitting the dance floor to test out the concept of a merger, according to a report in The Wall Street Journal.

The Journal notes that the parties have been in tight discussions over the past weeks but that they haven't yet progressed to that final M&A dip.

Nonetheless, E*Trade shares were up 6 percent and TD Ameritrade rose 8 percent in pre-market trading, according to MarketWatch.

A merger of the two online brokerages would bring consolidation to the market, a move that … Read more

Markets take a hit, and so does Schwab

It's been a rough and tumble morning for the markets. The Dow Jones plummeted 300 points, or 2.4 percent, to 12,553.06, according to the Associated Press. And the S&P fell 2.31 percent to 1,374, while the Nasdaq dropped 2.7 percent to 2,392.56.

With all the angst and apprehension among investors, add to the mix technical difficulties at online brokerage giant Schwab. Since around 9:30 a.m. (PST), Schwab customers have experienced intermittent problems logging into their accounts, said company spokesman Greg Gable.

He added the brokerage firm is … Read more