TD Waterhouse launches frequent trader discount system

Broker TD Waterhouse has launched a cost saving trading system designed for frequent traders. The idea is traders will benefit from lower rate commissions the more they trade. There is no membership or joining fee and automatic membership is granted to those conducting six trades or more in a three month period. The 'Dynamic Trader System' uses a quarterly reward system whereby traders can enjoy discounts depending on the volume of trade they carried out in the preceding three months. Commision discounts are: 0 - 6 trades a quarter mean trades the following quarter are subje...