Word: breakpoints
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...little comfort for the Street in knowing that negotiated rates are really nothing new. They went into effect four years ago on trades of $500,000 and above, a move that benefited large institutional investors such as life insurance companies, pension funds, mutual funds and banks. In 1972, the breakpoint was lowered to $300,000. Last year fixed commissions were removed on small trades-$2,000 and below. What becomes unfixed next week is everything else-commissions on deals between $2,000 and $300,000, the bulk of business. "Most of the lumps are still to come," says George...