Here's Why Siebert Financial Is Soaring Today

Here's Why Siebert Financial Is Soaring Today

Siebert Financial Corp. (NASDAQ: SIEB), the holding company that offers discount brokerage services through its subsidiary Muriel Siebert & Co., signed a letter of intent with Overstock.com (NASDAQ: OSTK) to offer discount brokerage services through a portal on Overstock's website.

Overstock said that the new service is expected to launch in the first quarter of 2018, and will offer $2.99 stock trades to all customers and special $1.99 commissions to its Club O loyalty members.

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Source: Fool.com