To keep up with competitors, the Vanguard Group announced Tuesday that it has reduced commissions associated with its exchange-traded funds and stock trades.

Valley Forge, Pa.-based Vanguard said it would offer commission-free trading to its brokerage clients that use its lineups of 46 proprietary ETFs. The company will also offer its customers $7 trades on stocks and $2 trades on non-proprietary ETFs.

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