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Online Brokerage Changes

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TD Ameritrade Holding Corp was recently formed with the merger of TD Waterhouse and Ameritrade Holding Corp.

The merger is but one of a several significant consolidations in online brokerage. E-Trade Financial Corp. announced acquisitions of HarrisDirect from Toronto-based BMO Financial in August and BrownCo from JP Morgan Chase & Co. in September.

Like most online brokers, the new TD Ameritrade will have to contend with skittish retail investors.

Click here for more information about TD Ameritrade