Retail investors have turned into dip-buyers, even in risky Chinese stocks, data shows.
"Anytime you see stocks move down 3% or less, you're seeing people come out really quickly to buy things," JJ Kinahan said.
Website and trade execution problems are among the issues reported by retail investors in a J.D. Power satisfaction survey.
Robinhood, Webull, M1 and other platforms said some GME and AMC trading would resume. Robinhood put in place purchase limits and tightened margin requirements. Platforms warned that they may have to tighten restrictions on GME and others on Friday. Sign up here for our daily newsletter, 10 Things Before the […]
Thousands of users reported issues with Vanguard, TD Ameritrade, and Charles Schwab’s trading platforms. Charles Schwab tweeted that it’s working to resolve the issue, and TD Ameritrade told Insider that the issue was “due to heavy volumes.” The reports come as the stock market continues to reel from a frenzy […]
Customers were reporting issues logging into their accounts for Fidelity, Ameritrade, Vanguard, Merrill, and Charles Schwab on Monday morning. Some of the companies have acknowledged the outages on Twitter, but have not given a time as to when the issue will be fixed. Visit Business Insider’s homepage for more stories. […]
The so-called “bond king” Jeffrey Gundlach said in a webcast Tuesday retail investor activity is “downright terrifying.” While stimulus has helped many survive the pandemic, it has provided other amateur investors capital to invest in stock markets. Online trading platform Robinhood has added more than 3 million accounts in 2020. […]
Robinhood trounced legacy brokerages in June, according to one popular gauge of trading activity, as retail investors flooded the market. The brokerage posted 4.31 million daily average revenue trades (DARTs) in June, a spokeswoman told Business Insider, as traders capitalised on pandemic-fuelled volatility. TD Ameritrade’s June DARTs reached 3.84 million, […]
The stock market’s heightened volatility and rally from March lows led TD Ameritrade to see numerous records in the second quarter. Daily average revenue trades reached a record 3.4 million, the brokerage said, more than four times its year-ago level and a 62% jump from the prior quarter. The firm […]
Robinhood made more per stock trade in the first quarter than TD Ameritrade, Charles Schwab, and E-Trade, Piper Sandler said in a note to clients. The relatively young discount brokerage took in $US0.0024 per equity trade over the period. The lofty rate allowed Robinhood to make the second-most amount of […]
Ken Griffin’s Citadel Securities is cashing in on the day-trading boom, the Financial Times reported on Monday. The market maker handles 40% of shares traded by individual investors in the US, the newspaper said. Citadel has benefited from a surge in retail investing fuelled by the advent of zero-commission trading […]
TD Ameritrade clients boosted their stock-market exposure for the first time in four months, a May update to the firm’s Investor Movement Index showed Monday. The index jumped to 4.35 last month from 3.9 as net buying activity ended a downturn and matched the market’s broad rally. Travel companies Southwest […]
Charles Schwab, the online broker, has received approval from the Justice Department for its acquisition of TD Ameritrade, CNBC reported Thursday. TD Ameritrade surged as much as 6% Thursday. Shares of Charles Schwab gained nearly 3% the same day. Both companies expect the deal to close in the second half […]
Fidelity and Charles Schwab apologised to clients Monday morning after technical issues kept users from executing trades during the worst market slump in months. Users took to Twitter with complaints about login errors, their accounts incorrectly showing a $US0.00 balance, and delays in filling orders. Monday’s open saw the Dow […]
Charles Schwab agreed to purchase rival brokerage TD Ameritrade for $US26 billion, the two firms announced on Monday. The companies used one word in their press release that should make employees nervous: synergies. The word synergies is typically used to describe areas of a combined business that have been identified […]
Charles Schwab officially announced a $US26 billion deal to buy TD Ameritrade, combining two of America’s largest discount brokerages. The combined group will boast 24 million customer accounts and handle more than $US5 trillion in client assets. Schwab expects the tie-up to generate $US1.8 billion to $US2 billion in ongoing […]
Charles Schwab will acquire rival brokerage TD Ameritrade and the deal could be announced as soon as this morning, FOX Business reported Thursday. The purchase will ring in at roughly $US26 billion and allow Schwab to better compete with Fidelity, Interactive Brokers and E*Trade. TD Ameritrade surged as much as […]
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