Investment management firm Vanguard has implemented commission-free online trading for stocks and options.
Headquartered in Pennsylvania, the $6 trillion asset manager is already offering free trading for Vanguard mutual funds, Vanguard ETFs, and over 3,000 non-Vanguard mutual funds, according to a press statement on Thursday.
This latest extension of its zero-fee trading platform came after a number of major brokers – including Charles Schwab, Fidelity Investment, TD Ameritrade Holding, and E*Trade Financial – slashed their trading fees in 2019.
Last year, Vanguard notably began investigating how blockchain could fit into its operations and potentially lower costs.
In June 2019, the firm partnered with smart contracts platform Symbiont to automate its index data tracking. In October, it announced the testing of a near peer-to-peer foreign exchange trading platform to reduce the cost of investing.