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Brokerage Charles Schwab to end commissions for three major products

Oct 1 (Reuters) - Discount brokerage company Charles Schwab Corp said on Tuesday it is eliminating commissions for online trading of stocks, ETFs and options listed on U.S. or Canadian exchanges.

Schwab will reduce the commission to zero from $4.95 per trade, starting Oct. 7, the company said.

Shares of Schwab fell 10% in early trading. (Reporting by C Nivedita in Bengaluru; Editing by Sriraj Kalluvila)