Discount broker RBC Action Direct Inc. is introducing commission rates as low as $9.95 for active traders.

As of May 22, 2006, active traders who transact through RBC Action Direct’s online investing site, or use its automated telephone service, will enjoy substantial savings.

Those who trade equities or options a minimum of 30 times per quarter will benefit from a new flat rate of $9.95 per trade for U.S. equity orders. Canadian equity orders will be charged $9.95 for up to and including 1,000 shares, or 1¢ per share on orders greater than 1,000 shares. Option trades for these clients will be $9.95 plus $1.25 per contract.

A new pricing structure also extends to all RBC Action Direct clients, with minimum equity trade commissions dropping to $28.95 for orders placed through its online investing site or its automated telephone service.

“RBC Action Direct’s new commission rate structure and lower fees for active traders is part of an aggressive strategy to provide self-directed investors with more compelling value and convenience,” says Doug Coulter, president and CEO, RBC Action Direct Inc. “This follows on significant enhancements made to RBC Action Direct’s online investing site in 2005, which we intend to build on in the next two years.”

“Our goal is to be an industry leader in providing self-directed investors with competitive commission rates, comprehensive financial solutions, and fast, secure execution,” Coulter adds.